This is outrageous. I'm so mad I can hardly see straight.
There was a glitch in the plan, I understand. The public was never supposed to know how inefficient, idiotic and unconstitutional the bailouts really were.
But then AIG had to go and let the cat out of the bag by paying $165 million dollars of my money to executives as bonuses when it should have been declaring bankruptcy. All this was done with your cheerful knowledge and support, until the public responded with an appropriate (yet still too marginal) amount of fury.
Now, your only response is to tax it back from them with another overreaching bill of questionable legality?
The lesson to be learned here is not that we should fall back to the beginning of our original plan, as though AIG was a child who needed to skip a week's allowance for having spent too much on candy.
The lesson is that the plan is useless.
The federal government quickly and sneakily handing exorbitant and wasteful amounts of taxpayer money that it does not have to companies that are criminally drowning in their own poor management won't work. Duh. It's a bad model. It was foolish then and it's foolish now.
No one is fooled by your scrambling attempts to recoup some public respect, either. This is what bailouts get us, plain and simple: bureaucratic mismanagement of large sums of public money based on the failed tenets of central planning.
Bankruptcy is the market's natural punishment of an inefficient and ineffectual business, and a sign that the public no longer values the product. The government cannot prop up these awful companies forever.
We're not playing Monopoly, and you didn't land on AIG's property. You own the damn board.
The only people you owe are us. Where are the bailouts for small business owners, families, or functional companies with responsibility? Where are our bonuses?
Stop rewarding irresponsibility, or we will punish yours.
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