Texas Rainmaker

The Community Organizer in Chief has unprecedented chuztpah. He and his team of economic “advisors” are spending the day pretending to be outraged by the bonuses AIG paid out to executives.

“How do they justify this outrage to the taxpayers who are keeping the company afloat,” the president said.

The same way you justify taking the tax money in the first place. Hopenchange.

Sure, it’s worth fuming about that our tax money was handed over to a company that lost over $60 billion in a single quarter, who used part of that money to pay bonuses totaling $450 million to a handful of executives. But when you’re the guy who wore the mask into the bank, you hardly have standing to complain about how the stolen cash was distributed after the robbery.

Said Obama: “All across the country, there are people who work hard and meet their responsibilities every day, without the benefit of government bailouts or multimillion-dollar bonuses. And all they ask is that everyone, from Main Street to Wall Street to Washington, play by the same rules.”

Did he seriously just say that? I realize Captain Teleprompter is just reading what’s on the screen, but in light of his plan to use the tax money of responsible borrowers to bailout deadbeat mortgagees, how does he actually say these lines with a straight face?

Rep. Barney Frank, chairman of the House Financial Services Committee, earlier Monday charged that the move to pay bonuses amounted to “rewarding incompetence.”

They same thing could be said about Congressional salaries. Especially considering that Congress that played a major role in creating this mess to begin with.

Frank said he was disgusted, asserting that “these bonuses are going to people who screwed this thing up enormously.”

So sayeth the Chairman of the House Financial Services Committee who voted for the legislation that made our tax money available for the bonuses.

Posted by TexasRainmaker |

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