It amazes me to no end how folks including Obama are crying all about the so called AIG bonuses, especially when those bonuses did not appear out of thin air but were part of the Stimulus Bill which was passed by both houses of Congress and signed into law by no other than Barack Obama himself.
Thankfully, there are people out there like Rep Thaddeus McCotter who have no problem calling a spade a spade:
Ultimately, Michelle puts the whole thing in perspective when she says: MM
I ask you now to turn away from the bogus bonus smokescreen over $165 million in taxpayer-backed compensation packages for AIG employees. It is a pittance compared to the gargantuan spending spree happening right under our noses. The AIG bonus price tag amounts to one-tenth of one percent of the total AIG giveaway ($85 billion in September, $37.8 billion in October; $40 billion in November; $30 billion in early March, which took place with the assent of a Republican administration, a Democrat administration, and the congressional leadership of both parties.
Taxpayers might be less skeptical of the born-again guardians of fiscal responsibility if these evangelists were actually practicing what they preached. While the Obama administration now issues impassioned calls to stop rewarding failure, they moved Thursday to dump another $5 billion into the failing auto industry. That’s on top of the Thursday announcement by the Federal Reserve to print up $1 trillion to buy up Treasury bonds and mortgage securities sold by the government — that no one else wants to buy.
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