This is really just the second part of the previous post. It was too damn long, but I couldn't find any part of my ranting that was not relevant to the topic. However, having it so long that folks lose interest halfway through and never make it to the rest of my rant? That I found to be relevant. (Though I'm not so sure I should be telling you this at the beginning of this post. Then again, I really don't want to mimic the behavior of the US Treasury, which is why I'm being up front about it now.) Read on, taken-advantage-of-and-screwed-over-so-many-times-you-can't-walk-straight taxpayers, Read on!
Hey, Obama administration! Did you not look at the AIG folks contracts at some point before you agreed to give them all of our money? Lawyers? Do you have lawyers that could have advised you on how to handle this? Hey. Wait a minute. Did you know that they were going to get their bonuses all along and you're just now letting the public (whose money it is that you're giving them) in on it?? If you knew this was going to happen all along and you waited until the day before the bonuses were to go out (that's right. They go out today. Sunday, March 15.) to let the public know that those losers are getting bonuses, I'd really like you hear your justification for that. Then I'd like you hung upside down in the town square. Not for long. Just until pitchforks and torches are handed out to the villagers and the mob assembles. After that happens, you won't be up there for long. The mob will take you right down, I'm sure of it.
I am done, over, having money just thrown around and given out hand over fist FIRST. Giving out the money should be LAST on the list of things that need to be done in situations like these. There needs to be a clear picture as to what in the hell happened. There needs to be a massive and invasive audit into every single dime that has gone through AIG. Anyone and everyone in management needs to be shown the door. Then there needs to be a plan for the future. After all, if the US government has an 85% stake in AIG (which they do), why is AIG still running the show? And why are they still running the show the exact same way that they've been running it, right up until the point where they were going to collapse and take the entire US economy down with it? Why is AIG still one company. If it's too big to fail, then break it up! Break it up into smaller subsidiaries or franchises or whatever, just don't leave it as one big company! And for God sakes, don't give out any more money until you can hold them accountable and until there's a freaking PLAN for recovery! What is wrong with those folks?
I am seething over this. Not so much because of the money, but because of the incompetence. This is nothing more than incompetence. OK, greed might have something to do with it as well, but there is definitely a large amount of incompetence over there. And the Obama administration seems to be under the impression that a strongly worded memo is going to get folks to straighten up. The Obama administration seems to be under the impression that "or else" is a very useful tool when dealing with an economic crisis. It's NOT!
And am I really, really supposed to rest assured that the Recovery Bill money is going to be accounted for appropriately? Really? Because I'm not. I have no confidence at all that the oversights that are supposed to be making sure that the money is being used appropriately are going to do any good. None. The memo that Camp Obama sent out with the guidelines for the "Accountability and Transparency" that the recovery funds are supposed to meet clearly states on Page 19, Section 2.12 "The initiative is designed to create one portal where the public can find and analyze information and report potential fraud, waste and abuse pertaining to the Recovery Act." It then states: "Each agency should, however, dedicate a section of its primary website to Recovery Act activities within one week of issuance of this guidance." The memo was issued February 18. One week after that would have been February 25. Today is March 15. 35 states have their recovery site up and available. 15 do not. ::::gasp!!:::: But there was a strongly worded memo!! Now what? Nothing, apparently. Nothing.I'm going to go watch some models duke it out with each other. I should have done that in the first place.
We voted for "change" back in November. Hoo boy, this is "change" all right. Can we "change" back to how it was before? You know, like we do with Daylight Savings Time? We'll just call it Retirement Savings Time and during those months, the government can't take any more of our money! I like it. Who do I talk to?Sphere: Related Content