Enrico has come up with a particularly disgusting metaphorical tool for ridiculing the confiscating classes in re the furore over the AIG bonuses.
It is as though Chris Dodd, the Magic Negro, Chuckie Schumer, tax cheat Tim Geithner, and Barney Fag have gone to Chateau L’Turd, ordered themselves up giant bowls of turds of different kinds of animals for their luncheon, and then are outraged to discover, halfway through their lunch, oh, I don’t know, let’s say, cat turds in the bowl of turds.
“Waiter!! There are CAT TURDS in my giant bowl of turds!”
Enrico finds this metaphorical device apt because, after ordering and buying the gigantic bowl of turds (that’s the AIG $80 billion bailout, you understand), after making sure that every swinging dick on Wall St, in the City of London, in Frankfurt, in Basel, in Hong Kong, and in Paris got his slice and had a chance to crap in the bowl, NOW this brain trust is outraged that the company is fulfilling its compensation agreements with these employees. Which they’ve known about, by the way, since long before it was revealed that Tim Geithner is a tax cheat.
Really, that’s the only problem with Enrico’s metaphor, because fidelity to reality requires Chris Dodd and tax cheat Tim Geithner to be both diners at Chateau L’Turd, and also the waiters and the turd chefs. Dodd and tax cheat Geithner DESIGNED the arrangement whereby these employees would get their bonuses.
Even the BAOJ is forced to acknowledge this.
Ed Liddy, the $1 per year CEO of AIG, is going up to Capitol Hill today to get his ritual tongue lashing over the bonuses.
O God, I wish Liddy would listen calmly to about 1 minute of Barney Fag’s tirade, and then say, “Senator, I am not going to continue to work for you unless you can speak to me respectfully. You have thirty seconds to apologize and calm down–otherwise, I’ll resign and I will wish you good luck.”
The stance of the ratsocrats (well, to be fair, all congresscritters from both parties) makes no sense. Apparently, the FedGov wants AIG to be a going concern. Thus, they must have employees. Employees are not slaves. They can quit. These particular employees have contractual compensation agreements. If they are not honored, surely it is more likely they will quit. Which ones are more likely to quit? Well, I’ll leave that as an excercise for the reader, but I don’t think it is going to be a good plan to purposely set out to retain only those employees who can’t get jobs elsewhere.
I LOVE Chuckie Schumer’s hilarious threat to impose a special tax to confiscate the bonuses. The BAOJ has Rangel throwing cold water on this idea, and also points out the slight difficulty that many of the recipients of the bonuses are not even US taxpayers.
If there is a bigger idiot in Congress than Chuckie Schumer, I don’t know who he is. Maybe it is Chuckie Grassley, who suggested that the AIG employees should kill themselves.
There’s no need for a special tax. The FedGov owns 80% of AIG. They should have stopped the bonuses before now, if they really wanted to go down that road. We know that they didn’t, because, as I have pointed out, Dodd and tax cheat Geithner designed the whole deal.
As many, many people have pointed out, and as is completely, transparently, obvious, the outrage over the bonuses is a ruse to distract the press and the public from the fact that the Magic Negro’s administration is totally bungling the economy. They are making it worse.