penismightier.com

Okay… I get that people are upset about AIG misusing the bailout funds. I really do. I even share at least a small portion of the outrage that a primarily government owned company that accepted bailout cash still saw fit to send out bonuses.

But I dont think that the rage is directed at the right people.

All over the news I hear people demanding that AIG provide the names of those that received money, presumably so they can be shamed into giving it back… despite the fact some of them are not U.S. citizens. In fact, some of them are no longer employed by AIG at all! Then we see that a few of the recipients were actually working for parts of AIG that somehow managed to show a profit, despite the rest of the companies failures. Do we take their money as well?

I’m worried about the precedent congress wants to set with taxing bonuses at 90% or more. That seems like tax-code vigilantism that would end up costing us more in the long run. Plus it would actually tempt me to short-sell some AIG stock myself… and the whole idea of short-selling upsets me as it is.

So it remains… the bonuses were legal, and less than .01% of the payout anyway. But congress doesn’t want to look stupid… so instead they’re looking angry and surprised.

So here is my proposal:
Find the person or group that authorized bonuses and fire their asses. Fire them for fucking incompetency and spread their names all over the news so they cant deploy their golden parachute and land in another company and pull the same shit. A form of legal blacklisting. That would send a message to other executives looking for bailout cash at the very least.

Yes, we’re still out the bonus money… but we probably are already. How much legislation has been delayed by the “find a loophole for the loophole” bullshit?

Besides: Firing people is legal already! Look at the unemployment rate and the poor mistresses that have had to give up their weekly massage sessions in order to keep their housekeeper! Yes, firing may result in early termination clauses of contracts being enacted… but the message it would send would cost a hell of a lot less than the current “Lets have congress spend two weeks finding out how to violate liberties of just a few Americans because we look dumb.” The United States government owns a majority of AIG, lets pull some fucking weight and fire some assholes and get this done with.

Then we can get on to revising the standard executive contract. Bonuses are supposed to be given out for exceptional work, not for sinking a company. Contract termination payouts are supposed to be for reorganizations, not for incompetence. Stop company hopping you industry killing assholes! But I digress

Ok. Time to wipe the spittle off of my screen and go back to beating my head against the wall. Some day this will all make sense, and I may finally understand why the government is making my dollar worth less every day. I was actually hoping for some deflation It would make the unemployment rate and some of this other shit seem easier to bear.