31 Mar 2009

The AIG Bonus Brouhaha

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I didn’t catch this when it ran, but it is now in my archives at Townhall and there are a dozen comments, so it must have… Anyway here is my take on the AIG bonus stuff. An excerpt:

The public was right to be outraged. But the real problem was the bailout in the first place. No matter what AIG does, it will now be with taxpayer money. Obviously, even a company that the government seizes is still going to pay its employees, pay its heating and electric bills, and buy raw materials. If citizens don’t object when their government starts nationalizing companies like they do in South America, then the citizens shouldn’t be shocked when their tax dollars get spent by the government’s handpicked CEO.

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