Posted on 03/19/2009 9:54:50 AM PDT by SonOfDarkSkies
At his bizarre town hall last night, President Barack Obama joked that "Washington is in a tizzy" over AIG and the $165 million in bonuses to be paid to its executives. The New York Times yesterday quoted White House chief of staff Rahm Emanuel complaining that the whole affair was a "distraction." At Tuesday's press briefing, White House press secretary Robert Gibbs could not even provide a rough timeline of the administration's handling of the AIG affair.
Yes, it's true that the bonuses represent less than one percent of the total bailout money that has gone to AIG. And yes, there are legitimate points to be made about retention bonuses in general and (though less persuasive) retention bonuses for these AIG employees. But it has been clear for a while that something -- an event, a comment, a cable news tirade, a speech -- was going to focus the growing public anger over bailouts and government giveaways.
This is it.
And if the White House doesn't understand that, Congressional Democrats certainly do. “I think in general the administration is underestimating the rage and frustration that people are feeling about the shenanigans on Wall Street,” Sen. Bernie Sanders (I-Vt.) told Politico. “I think they need to be more aggressive in standing up to Wall Street and representing the taxpayers.”
Other Democrats are taking shots, too.
(Excerpt) Read more at weeklystandard.com ...
>> “I think they need to be more aggressive in standing up to Wall Street and representing the taxpayers.”
BWAHAHAHAHAHAHA! I’m cryin!
Oh, that’s a GOOD one.
Representing the taxpayers.
ROFLMAO
Damn right. The president should take a stronger stand against the bonuses. The absolute hubris is amazing.
As Rush says, this is precisely what they want, to distract people from the REAL agenda, the war on business and capitalism. I agree.
Standing up to Wall Street and representing the taxpayers??
Taxpayers don’t want to beat up on Wall Street. Their futures are tied to Wall Street.
They just don’t want their Government giving certain hand picked companies special treatment, handing over trillions of dollars in free money at their expense.
People are angry because their small businesses are also in financial trouble because of the economy, but no one in Washington is going to be handing them fistfuls of free cash. People don’t want or expect that kind of treatment from the Government, and it makes them angry to see that a special few get it.
The Fed suddenly created a Trillion Dollars out of thin air, and the House voted to enslave the entire U.S. population yesterday, and all you hear about from the MSM is executive bonuses. That’s the outrage.
The jackasses are talking out both sides of their mouths and wanting it both ways. They better hope that calamitous inflation doesn’t occur, because then the media’s “both sides are to blame” message will be derided. That’s the message the media uses to protect Democrats when they have total power.
Remember 1980:
Problems are insurmountable.
No party or movement caused this.
It’s the American people’s fault. They have a malaise.
This entire AIG Bonus-gambit is straight out of FDR’s “demonize the capitalist” playbook.
Obama has been fanning the flames and now his teleprompter tell him to act like a victim.
"Let's not bicker and argue over who killed who."
i wonder... just how much money is actually out there. every bill could be considered a share in the US.... and pushing out 1 trillion more shares will dilute the shareholders.
so the question is... how much did i just get diluted?
*try
“Rahm Emanuel complaining that the whole affair was a distraction”.....
A distraction from your treason to America?....you bet!
Hey O’Bammy...how ya like being President now? Heheh.
I tried to make that point last year when people kept sending me e-mails asking me to join in their protest against "rich oil company owners." I told them that I had my retirement invested in funds that included the oil companies. If you punish the oil companies you're punishing the stockholders and ruining retirements.
Rush is right 99% of the time. Why would his pronouncement be any different this time?
He’s like a parent who tells his son or daughter what he/she will be going through in his/her life before it even happens and provides an ongoing source of abundant exasperation and chagrin to those who want to carve out their own path to a greater happiness only to find his/her parent was right all along.
“Damn right. The president should take a stronger stand against the bonuses. The absolute hubris is amazing.”
That’s right...Obama should DEMAND that Franklin Raines and Jamie Gorlick give back the 70 million dollars they took out of a failing Fannie Mae.!!!!
Oh wait...Obama has NEVER mentioned the GIGANTIC bonuses doled out at a government sponsored business entities....his ONLY target is private enterprise.
The Fed suddenly created a Trillion Dollars out of thin air, and the House voted to enslave the entire U.S. population yesterday, and all you hear about from the MSM is executive bonuses. That’s the outrage.
[AIG means big trouble for Obama’s big agenda. Does he understand that?]
No, Obama believes he walks on water.
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