Tuesday, March 17, 2009

I understand that....

Mr. Obama is infuriated at the reported bonuses that AIG is doling out to executives. Mr. Obama has vowed to do everything within the confines of the law to get back and/or block the $165 million in bonuses being awarded to executives! How very noble of you, Mr. President....or is it? I know what you're thinking...."you're just cynical, don't like Barack Obama, and find fault in almost everything he does"! Well, that is just not true....ok....maybe it is true, but in my defense I tried! When Mr. Obama was elected, I wasn't exactly pleased....ok....I was depressed, dejected, and disconsolate. However, once I collected myself, I said "he is my President and I'll give him a chance". It was on his third day in office that some of my fears started to come to fruition and I knew this was going to be a long four years (please God let it not be eight). But, the point is, I tried. I did really good....for about two days! And another thing....I'm not cynical....ok....so maybe I am but, in my defense as to this, I am only cynical when it comes to anything touched by mortal human hands....most other things I'm good with. Now, back to the issue at hand and why I question the motives of Mr. Obama. When AIG was given the $173 billion in question there were no provisions to keep them from paying out bonuses. No strings attached. In fact there was language, included by Senator Dodd (he said he was pressured by the Obama administration), that protected bonuses that had been promised. The President must have known this. Once the money was given, bonuses were paid out and the President didn't say a word! In fact, after bonuses were paid out, an additional $30 billion was approved for AIG. It wasn't until the swelling public outcry that Mr. Obama decided to take action. Now, in his defense, Mr. Obama is still very "green" as a President and wasn't very long ago just a Jr. Senator without any substantive experience at managing a small town, let alone the most powerfull country in world in the midst of its greatest economic crisis in its history. He's still learning...give him a break! Yeah, Gibbs, you're not the only one capable of "dripping with sarcasm". So, to sum this up, we had a problem with a private sector company with irresponsible executives being irresponsible with billions of dollars that the government should have never gotten involved in but they did anyway and decided to give said irresponsible executives billions in tax dollars to fix the problem to spend as they saw fit but when the irresponsible executives spent the billions in tax dollars irresponsibly the government decided to give them more and then get mad about how they spent the previous money given and then decided to do something about the whole mess but only once the people who are really responsible for picking up the tab on the said billions given to the irresponsible executives that should have never been given in the first place got mad....Whew....yeah, that about sums it up!


1 comment:

Aaron said...

this may become one of my favorite blogs...maybe it is time I start mine up again.