Wednesday, March 18, 2009

Congressional and Administration Priorities

Fox News has been on in the background all day. In the midst of what the party in power deems to be the "worst economic crisis since the Great Depression", our Congress and the Obama Administration have spent the day trying to figure out how to take back $165 million in (contractually obligated) bonuses from A.I.G. employees.

One would think they could find one or two things more important right now ... like shoring up the economy! They could tackle border security, what to do about increasing employment, stopping some of their own wasteful spending, doing something about Social Security, or any number of important issues. Instead, they spent their day grousing about bonuses that they would have known about, had they read the bill they enacted and signed in the first place.

The former CEO of Allstate came out of retirement 6 months ago to run A.I.G. as it unwinds these incredibly complex deals. He works for $1 per year. Congress grilled him mercilessly over these bonuses, although a few of them did offer a passing 'thank you' to him for his selfless service in this workout.

If we continue to elect people whose priorities are that messed up, we will have the government we deserve!

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