TODAY THE 19TH DAY OF MARCH 2009, A DAY WHICH WILL LIVE IN INFAMY ; the Congress of the United States of America; after a show trial worthy of Nazi judge Roland Friesler in which various officials were screamed at, insulted, and belittled by various sanctimonious pricks from both houses of Congress, voted to tax the just compensation of a handful of American businessmen right out from under them.
The chief victim of this abuse was a guy who had been appointed to run an American corporation (namely "AIG Inc) for a salary of ONE DOLLAR PER YEAR by these VERY SAME SANCTIMONIOUS TURDS WHO WERE FEEDING HIM THE SHIT.
The subject of the hearing was the fact that AIG, which was about to go bankrupt - or so we are told - was given a Federal "bailout" so that it could PAY ITS CONTRACTUAL OBLIGATIONS AND NOT HAVE TO GO BANKRUPT; and more specifially that about 75 upper level executives were contracted to the company on the condition that they be paid a bonus IN MOST CASES SIMPLY FOR NOT LEAVING THE COMPANY. Furthermore these bonuses were contracted for BEFORE the alleged crisis that brought about Federal involvement and were in fact part of the CONTRACTUAL OBLIGATIONS that AIG MUST pay if it does NOT go bankrupt. These bonuses totalled about $165 million split variously between about 75 individuals. This amount is a tiny, tiny fraction of the total AIG "bailout" of about 400 BILLION. IT IS LESS THAN ONE HALF OF ONE THOUSANDTH OF THE ENTIRE AIG BAILOUT. But the way the posturing blowhards of the Congress acted one would think these gentlemen were raiding Fort Knox and taking everyone's pensions away, that the Treasury would be impoverished and the Republic were in peril because of these 75 executives collecting what they were LAWFULLY entitled to.
And so the poltroons of this Parliament of whores put on a show trial, and did everything possible to whip the common citizen into a frenzy over a measly 165 Million dollars. Now there is much to be said about the roles of these very politicians in creating this and the rest of the financal mess, and the other Conservative bloggers and talkers will ensure it gets said. Here at the Alexandria Daily Poop, we offer the following observations:
First, if AIG had been left to sink or swim, her management would have done everything possible to save her. A Chapter 11 re-organization would have allowed AIG to shed the rotten parts, shore up the good, -- AND ABROGATE THE BONUS CONTRACTS -- and it would not cost the People a dime.
Second, when the bailout package was passed, there was discussion of a cap on bonuses to be included in the bailout bill. THIS CAP WAS OPPOSED BY THE WHITE HOUSE AND THE DEMOCRAT LEADERSHIP. Why do you suppose this was??
THIRD AND MOST IMPORTANT HERE IS WHY: TO ENABLE THE CROSS BETWEEN A KABUKI DANCE AND A NAZI SHOW TRIAL THAT WE JUST WITNESSED. The bonuses were allowed to proceed precisely because these slimeball politicians knew that they would be able to cast themselves as defenders of the common man when they are anything but. If these perfidious dingleberries wanted to stop these bonuses they could have done so at the beginning. But stopping the bonuses was secondary. Putting on a big show starring themselves as the Guardians of Our Treasure was the prime objective ALL ALONG.
And in the end, legislation was passed targeting 75 individuals for the offense of having more money than you. The legislation basically CONFISCATES THEIR LAWFULLY EARNED INCOME. The Congressional slime who brought you this debacle, they and their enabler in the White House, dont think you will notice that by doing this to the 75 AIM executives THEY DE FACTO CLAIM THE POWER TO DO IT TO ANYBODY. Even YOU.
Food for thought, if anybody is still thinking.......
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