Oracle of Liberty

Constitutional Liberty and Economic Common Sense

AIG and the truth behind this controversy


Why do so many people in our great country ignore the true realities behind the AIG ‘Bonus’ fiasco? While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” — which exempts the very AIG bonuses Dodd and others are now seeking to tax. So, obviously everyone who read the mammoth 1,070 page Stimulus bill prior to its passage knew about this right? Its safe to say that our politicians in DC on both sides of the aisle did not read the bill that was deemed ‘vital to America’s economic sustainability to keep it from the brink of collapse’ in order to know that this provision was in there? I actually believe that none of our politicians read more than the 3 – 4 pages that impacted their earmark to their district. This is what should outrage the American people more. Of course, we should care about AIG and bonuses paid if it is taxpayer money…but when its the very government who agreed to use YOUR taxpayer money to pay these bonuses should your outrage not be guided toward the real culprits?

This is only the start as the govt will continue to hand out billions in taxpayer funds to save the auto industry, more banks, amtrak, our airports, medicare, medicaid, social security, etc. Isn’t it about time we the people stand up and actually demand that our politicians work FOR us rather than us being slaves to their agenda’s?

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This entry was posted on March 25, 2009 by in Uncategorized.

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