Taxing AIG bonuses is illegal and idiotic

When you or I make a mistake what do we do?

First we take responsiblity and then we try correct it. If we are successful we never repeat that mistake. Sometimes we fail and we end up repeating that mistake regardless of how hard we’ve tried. But most of us usually try really, really hard not to do that.

Politicians, however, are a different species of human.  They never take responsibility for anything bad and they are always blaming others for their shortcomings.

First, Senator Dodd points the finger at the treasury. Treasury officials point the finger at Obama officials and then congressmen and congresswomen (who obviously don’t read the bills they pass) point the fingers at greedy AIG execs!

Everybody agrees that a mistake has been made yet nobody is willing to take responsiblity for it and for the first time President Obama’s words are ringing hollow with me. I don’t believe a word he says when it comes to AIG.

And I’m pretty sure that if we weren’t mad as hell none of these politicians would be speaking out against these bonuses. Why would they? AIG has given them millions of dollars over the years. Tell me, are you really going to bite the hand that feeds you? I doubt it.

However, we want our money back and we intend to get it with our without them and if  the men and women in Congress want to get reelected they will find a way to quell our anger.

Of course, we’re entitled to  ‘a refund’ but we shouldn’t get it by taxing the corporate executives to death or by unconstitutional methods and the bill passed today just screams unfair taxation. And didn’t Americans fight a war against that?

If Tim Geithner goes Ben Bernanke should resign as well..

Today Edward Liddy, Chairman and CEO of  AIG, told a Congressional House Panel that the US Federal Reserve has been aware of the retention bonuses for months.

Now, before Tim Geithner became Treasury Secretary he was chairman of the New York Federal Reserve and Ben Bernanke, the current Federal Reserve chairman were both instrumental in crafting AIG’s bailout.

If Liddy is to be believed both men were well aware that these bonuses were to be distributed on Friday March 13th months in advance. 

However, it seems politicians are increasingly pointing the finger at Geithner. 

I know it’s hard to be fair right now but Geithner isn’t the only one to be blamed for the situation we now find ourselves in. Bernanke was there too and so was previous Treasury Secretary Hank Paulson .What was his contribution to these million dollar bonuses? What did all these men know? And why didn’t they do something about this bs then?

And now we find out that there was a provision to cap these bonuses but it was removed from the final stimulus bill!

ARE THESE PEOPLE MAD?

I want answers!

Drag all of them up to Capitol Hill. Not just Liddy and Geithner! Supboena Paulson too!

It’s easy to dislike Tim Geithner. From his tax avoidance problems during his confirmation hearings, to his very first press conference where he was described by one writer as ‘looking like a terrified spaniel’ . Geithner doesn’t seem to be doing anything right. And the more he tries, the worse it gets. He hasn’t inspired confidence in the markets or the American people. And during bad economic times confidence is what most people seek and eagerly look for from their leaders. And he’s failed miserably.

However, if Geithner is forced to submit his resgination Bernanke should submit his as well since they are both equally responsible for this debacle. And one man shouldn’t be left holding the bag for the international mess known as AIG.