Are you kidding me? Let me get this straight, we are supposed to be really upset at AIG because the government gave them and others TRILLIONS of dollars and they paid 120 million in bonuses to employees. Ok, I understand, why they are paying bonuses when the company lost all this money? The simple answer is they already had employment contracts that paid a bonus at a certain date. These are legal contracts that can only be broken by the company filling bankruptcy which is what we should have allowed to happen in the beginning. Bad companies that make bad decisions, like paying millions in bonuses even though the company is failing, need to go bankrupt so that good companies that make good decisions can take the bad companies customers and employees and everyone is happy.
I am not nearly as mad at AIG paying 120 million in bonuses as I am at President Obama giving away TRILLIONS of dollars. Remember, it takes more than 999 million dollars to make a BILLION and more than 999 BILLION dollars to make a TRILLION dollars. Billion and trillion used to be terms that were only thrown around by kids upping bets, I’ll bet you a million, well I’ll bet you a billion, oh yea, well I’ll bet you a trillion, and that was were the game stopped. Now I wonder how many months it will take to hear that President Obama has spent a GADZILLION, if that really is a word.
The last figure I heard was that the Government has spent more than 7 TRILLION dollars. Getting mad at AIG paying 120 million in bonuses is like getting upset about the wind generated from a flee fart while your in the middle of a hurricane.
