Sunday, March 22, 2009
AIG makes me want to be sick.
All this news lately about these companies that are begging the government for bailouts, gives me a sour taste in my mouth. I mean, in the U.S. AIG got some bailout money and they turned around and paid out bonuses to execs. WHAT?!?!? Oh, they were contractually obligated to pay those out. Insert sarcasm here. First off, I don't care who you are or what you do for a living, no one needs to make a million dollars a year or receive a bonus of that size or bigger. Secondly, as an exec, when your company is in big trouble and gets a bailout, do you hold out your hand and say, um... bonus please? How do these people live with themselves? Every person that has invested one red cent in AIG should pull all their money out... the bailout money that they got came from your pocket and they already wasted the money that you gave them! And now the big auto makers are making threats. Bail us out or else! This really ticks me off. If I was a small business owner and it fell apart, is the government going to bail me out? Not likely. The difference between the little guy and the big corporations is that the little guy doesn't employ hundreds or thousands of people. But does that mean the big guys are more important? If anything they should be held more accountable for the trouble that their company is in. They've got the professionals in place to make sure that this sort of thing doesn't happen. Now I recognize that with the downturn in the economy they haven't made quite as much money as they should but you'd think that they would have seen this coming. I mean, I am no economic mastermind but even I knew that we couldn't keep ticking on the way that we were. Bottomline, boycot AIG.
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