While many people disagree with the recent government bailout of AIG, I think the more important issue is the $165 million paid in bonuses to employees. In the grand scheme of things, it probably was a good idea to not allow the largest U.S. insurer to fail. The economy might not have been able to bear it. But certainly, the bonuses were inappropriate.
Rush Limbaugh, in all of his mumbled wisdom, believes that the AIG bonuses shouldn’t have been taxed. But what he fails to appreciate is that the money allocated was wasted. Yes, normal bonuses shouldn’t be so heavily taxed, but perhaps the bonuses shouldn’t have been paid at all. And maybe, those funds could have been used more proactively.
It’s also disappointing that the government didn’t have a provision to prevent such misuse of the bailout money. But I suppose that’s simply politics as usual. At any rate, I applaud the taxation of these bonuses.
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Brian AIG bonuses, bailout, rush limbaugh
Rush Limbaugh is a talentless idiot which he further proved Friday by making harsh remarks about ailing, Senator Ted Kennedy who recently was diagnosed with brain cancer.
According to Yahoo! News, Limbaugh, a triple divorcé and somehow famous host, said on his radio show that “President Barack Obama’s proposed health care revisions will be championed by ‘the liberal lion Teddy Kennedy‘” and that “before it’s all over, it’ll be called the Ted Kennedy Memorial Health Care Bill.”
Now, granted Rush Limbaugh is too pigheaded to appreciate the implications of his statements, but I suppose when you use to be addicted to Oxycontin, attacking men with serious, sometimes terminal diseases is not beneath you.
Rush Limbaugh should be ashamed for two reasons: 1) I doubt that Obama or Kennedy would put their self-interests before that of the American people and 2) Kennedy has brain cancer! You don’t poke fun at people who may be dying.
Rush must simply be unaware of how idiotic he sounds up in his ivory tower. It’s shocking that the Republicans actually seem to approve of him and welcome him with open arms. He is after all their de facto leader.
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Brian Barack Obama, brain cancer, rush limbaugh, ted kennedy
