The AIG furor continues as it turns out Obama and Congress knew about the AIG bonuses for months but previously, on the advice of lawyers, felt powerless to stop them. Question for the audience: is figuring out what happened with the AIG bonuses fundamentally important to get the economy back on track, or is it just another media circus sideshow?
Obama, Congress knew about AIG bonuses for months [AP] (Photo: Marc oh!] (Thanks to Jeffrey!)
Obama, Congress, Knew About AIG Bonuses For Months
By March 19, 2009







I’m concerned that my vote will be misinterpreted as that I like web-page radio button selections, when in reality I mean that I like buttons as in fasteners for clothing. These are the buttons I like.
How about an A) and B) option??
@ basilray:
Word.
No worries, Obama and SecTres may have known about these blasted bonuses last year, but now IRS is going to recover those darn bonuses. The economy is saved!
There will be transparency in my administration. Oops, scratch that…..
There will be no lobbyists in my administration. Um, well, let’s forget about that for now…..
I’ll go through each bill line by line, item by item. We’ll, that’s not so practical so let’s just forget about that shall we….
Yes sire folks, that’s Change WeCan Deceive In!
Sucka’s
I’m not saying we have to go communist, but a little more socialism couldn’t hurt. Granted, they are not perfect, but France does a pretty good job of looking out for the lower and middle classes, at least better than the US does, imo. Yes, they do give up a lot of the consumerism that goes on in the US (none of my friends and family there own big flat screen TVs and most only one computer and one TV), but they have pretty decent healthcare, subsidized child care, free education through 3 years post-highschool (and better, imo), and better unemployment.
I know plenty of people that work very hard, 2 and 3 jobs, but due to various circumstances, can’t get ahead. Working hard does not automatically equal getting to the top. A lot of luck and connections are involved as well. Some have it, but a lot don’t. Obama did have some luck. He got into Harvard. Not everyone does, even those that work hard.
I don’t think it has anything to do with generating a media circus. I think it has to do with the “why” of it all. I’m pissed off that you are rewarded for poor performance. It’s like kids these days…why do you get a trophy for 15th place?
Ug.
It’s not important in and of itself, but because of what it represents. For too long, we have watched top executives destroy companies with shortsighted, horrible management, get a big fat bonus, and go on to fuck up another business. That kind of attitude has brought us the economy of FAIL we have today.
This is the time where we must stand and say, “No more.”
It’s both.
It makes them look like they’re “human” and aligned with the public. Gov’t has corporate hand up it’s puppet tush and has had it there for decades.
Yes, they’ve know about it for a while, I’d say the more intelligent of them knew about it before Obama was sworn in. They could have pushed for strings and regulations. They didn’t.
It’s all a game and the average American is at best in the peanut gallery and at worst either part of it or just on the sidelines.
Add in that the media doesn’t, by law, have to have any part of their reporting as actual verifiable fact… There’s a LOT of lying going on.
To be blunt, if you’re in America and want to know what’s actually going on, pay attention to international news coverage of your beautiful country; and the coverage of everywhere else.