
This blog is not an attack on any political party, but rather a scorching criticism of an abuse of power and money. And we’re not talking about just anybody’s money, but mine and yours. Click on the link below to learn further about the horrendous act that AIG committed with taxpayer bailout money. This one really angers me!
The other day while at the bookstore I overheard a comment “It’s the average American that’s getting a kick in the seat of the pants, not those executives or politicians.” That perhaps summarizes the situation best! Granted AIG returned the money, and Congress passed a 90% tax on those bonuses, so the end result is the money went back to the treasury. However, what sort of mentality does AIG have that the bonuses were paid in the first place? Would they have voluntarily returned the money if not caught? Congress is angered but they are the very ones that approved the money without stipulations.
Consider this: should tax dollars be used for correcting others mistakes? Should tax dollars be used to pay off private debt, and if so, who should get that money? I have a mortgage and would love for someone else to repay that loan despite the fact I promised to pay the money back.
Getting back to AIG, should we point an accusing finger at the executives in that company? What about the politicians that approved the money? Should specific guidelines have been given with that money? These are but a few of the observations I want you to consider. Post your response to the fiasco going on with AIG. Make sure your opinions are well thought out and well articulated.






