Tuesday, March 17, 2009

Their Fierce Outrage

It's hard to know whether to laugh or cry over the AIG story. Maybe satire is the only reasonable response. Scott Ott comes through:


As the furor over AIG executive bonuses threatened to bring the current economic recovery to a halt, President Barack Obama and Sen. Chris Dodd today threw fuel on the fire, announcing their "fierce outrage" upon hearing that the insurance giant had given each of their campaigns more than $100,000 last year.

"While AIG was collapsing, and her executives crawling to DC with hat in hand," said Sen. Dodd, D-CT, "my campaign, and then-Senator Obama's were getting what can only be termed influence bonuses from the same firm. Naturally, I knew nothing about this, and I'm now seething with anger at the injustice."

is paying bonuses to AIG employees any less a "stimulus" than the other $750 billion or so of mostly-wasted spending?
How, exactly, are the AIG bonuses more deserving of opprobrium than spending tens of millions to aid the salt marsh harvest mouse?