Thursday, March 19, 2009

The message of the AIG story being lost

The issue around AIG bonuses is a relatively small one. There are several facts being lost here. First, it has been the Democrats who have tried to stop big bonuses for any company needing funds from the government. It has been the Republicans who have been outraged that the Democrats are doing this. Yes, there was a problem because Treasury Secretary, Tim Geithner, decided that it was better to pay these bonuses rather than face a possible lawsuit from recipients of those bonuses.

So what is important here is that huge bonus payments to companies receiving Government funds will stop going forward. You can thank Democrats, not Republicans. They want to blame Geithner and Sen, Chris Dodd for this embarrassment be we know their hearts have been in the right place where the Republicans have been hypocritical as they have supported these people getting their bonuses and not interfering with the Free Enterprise system.

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