Obama Pursues AIG Bonuses
THEY will call it flip-flopping. THEY will call it sticking your finger in the breeze. *I* call it a president who doesn't stay the course when the bus is heading off of the cliff. *I* call it. . .leadership:
Faced with a growing chorus of national outrage, the Obama administration has changed its position regarding the $165 million in bonuses that AIG is distributing to the small group of employees whose risky trades brought the company to the brink of collapse. President Obama today excoriated AIG, saying the company was in its present position because of "recklessness and greed"
Thank God we're not still represented by a smirking "stay the course" bonehead in chief who refuses to alter his view when the situation demands it. Some progressives may have their noses a bit out of tilt over some decisions made by this president, but at least he is willing to listen to the people and change course without prejudice when it is called for.
posted by John Good @ 12:21 AM
2 Comments:
What surprises me the most is how our government could bail out such a huge company and never even think about putting in writing that all contractual bonus money is null and void unless pre-approved by the people who bailed them out - the American people.
Either the bailout was rushed... or someone knows someone who knows someone who knows how to twist the nuts of Washington.
FALLOUT GROWS: Those who voted for the stimulus, supported the clause to protect the AIGs bonuses. Obama's Own Stimulus Bill Protects the AIG Bonuses He Now Condemns —
http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/
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