Wednesday, March 18, 2009

Oh Noes! It's a Bonus!

The American Tax-paying public, and the bottom-feeders that force said public to fund their exorbitant lifestyle, are in a bit of a furor. Mainly, AIG, one of those recipients of the bad-idea called kickbacksa bailout, is paying its top executives, and other important employees millions of dollars in bonuses.

These are bonuses that AIG has had in place for months; long before that last $30 million.

My surprise is that anyone is surprised at this?

These bonuses are paid to those employees who figure out ways to bring money into the company. And someone had the brilliant idea that the government would float them. Regardless of whether or not they SHOULD be floated.

Because let's be serious, they shouldn't have been.

They should have been forced to go through the bankruptcy system, and have their top management stripped and their organization and debt reorganized.

Instead, top management is more entrenched than ever, and they now have proof that the government will cover any bad, or risky, behavior they take on behalf of the company.

When will those... morons? idiots? No, those aren't the right words; the comparison is insulting to morons and idiots. Ah, when will those politicians realize that the best government is the one which governs least.

Let businesses that need to fail, fail. It's the entire point of the bankruptcy court system.

And above that, remove government influences from market places as much as possible. The less there, the better.

Need another example (besides the perfectly justified AIG bonuses of taxpayer money)?

Then, let's look at the small-car industry. These are those "fuel-efficient" ugly atrocities which no one really wants to own. At least not while gas is reasonably priced. Yet government is forcing the auto manufacturers to create these cars, and what's happening is that they're sitting on car lots and just not selling.

So what is the "recommendation" by the car dealers and manufacturers? Raise taxes on gas pushing the price to a minimum of $4 per gallon. Despite the fact that such a price hike would finish destroying the economy, doesn't anyone see the idiocy of forcing taxes to move products?

Why not build cars that people want to drive and sell those? Oh yes, I forget, the government imposes regulations on the manufacturers.

See the vicious cycle?

Too bad there's not more Ron Paul's up there in Washington to break it...

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