Wednesday, March 18, 2009
My take on the AIG bonuses
I understand why the public is outraged over the bonuses, however, if the government would spend a little more time trying to proactively come up with ways to RESTORE incomes rather than DESTROY incomes, the economy would be a lot better off.
Holding hearings on the $165 million AIG paid to execs under contractual obligations is ridiculous. Taking the money away is even more ridiculous. At this point I don't care who earns income as long as someone earns it (there's a circular flow anyway). At the rate we're going the government will soon destroy all income in the United States under the false idea that taxpayers are on the hook and the gov't has to make a profit.
Let the AIG execs keep their bonuses and let the gov't give its own bonus checks to everyone else!