It extremely hard to pick a subject about Obama and the current administration to blog about as there are so many to choose from, they increase exponentially almost daily and I want to write about them all! When I begin a composition and several more equally good or better subjects come out of the Obama camp, where do I begin?
Take the “CEO bonuses” was it Dodd, Geitner/Obama who opened the door for Bailout money to reward the executives who ruined AIG? Are the execs “greedy”, “fat capitalists” or just MBAs who have a good compensation contract? Who cares but the Obama followers who along with posturing politicians like Chris Dodd & Barney Frank who pander to the populist rant du jour, they all remind me of the French peasants who beheaded Marie Antoinette et al.
The real issue being that the government should have stayed out of the mess in the first place and allowed the free market to decide the fate of AIG. Guess who doesn’t us to know that Nancy Pelosi’s husband was invested in AIG to the tune $.25 – $.5 million dollars and Sen. John Kerry’s wife was in to AIG for over $2 million dollars, both of them standing to lose big time from a bankruptcy. According to a Bloomburg report “Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. — some of the biggest casualties of the market bloodbath” Did they recuse themselves from the vote for the “bailout” LOL!
The bottom line is that if we didn’t hand over our grandchildren’s money to mismanaged companies, voted for by the very people who stood to gain from the bailout, CEO compensation would be a non issue.