AIG Bonus Payback

I too was outraged that high level, mid level, low level exec's and the IT guy at AIG were getting bonuses. Bonuses from taxpayer money. I heard the arguments they were throwing out there.

"We need to retain these high level employees or they'll go elsewhere."
"It's in the contract that we must pay their bonuses."
"I wasn't the crook in charge, why is my bonus being called into question?"

When was it common practice to receive a bonus for failing at your job? When did you realize your employees suck and you might not want to retain them? What lunatic drafted a contract that states "We as a company will pay bonus money, even if we report $50 billion dollars in losses."


I too was outraged.

But then I got to thinking. If these crooks, incompetents, greedy, angry white men got to keep their bonuses, they might just go and spend some of that money. They might buy that new SUV, remodel their kitchen and keep eating out 5 nights a week. In turn putting money in the pockets of that greasy car salesman, the contractor & the waitress making $5.15 an hr.

I got to thinking that tax money would be better spent than putting it back in the hands of that Sleestak Pelosi. That would be better than her spending $50 billion saving the mountain rat in Lousiana.