Thursday, March 26, 2009

A manufacturing-based economy...

...based on manufactured outrage.

I notice that the jungle drums of the witch hunt (if you'll excuse the mixed metaphor) are still beating loudly on TeeWee and the Intertubes. At this rate they'll actually be running commercials for Acme Torch & Pitchfork Supply Co. and Joe's Baying Hound Kennels and running "Live News Updates" to tell us where the evil financiers are hiding now.

Folks, the whole "AIG bonus" and "executive compensation" things are red herrings, as seven- and eight-figure-a-year talking heads rail against salaries just a fraction of their own last contract.

The Politico-Media Complex wants to stir up class envy and protests in the streets in order to justify laws promoting "Fairness".

Except for the Kulaks; no fairness for them. They need to just shut the hell up and keep pulling the wagon.

6 comments:

Lorimor said...

"Shut up and pay your taxes" has been the message for quite some time now IMHO.

It was just policy for previous admins. It will be a mandated lifestyle with the present crew.

Scott said...

Amen!

Anonymous said...

It's finally "sneaking" out that the bonuses were approved and enabled in the original Congressional legislation.

This present harumphing is egregiously hypocritical, and is indeed a red herring to try and make the public look at the banksters as the bad guys, and not at the ones who caused the entire meltdown: Congress, administrations, and FedHeads.

Art

Anonymous said...

Somebody needs to ask Congress when they're going to return all the campaign contributions they've received from bailout recipients over the years...and continue to receive. (Barney Frank and Barack Obama got over $100,000 from AIG alone, IIRC.)

And didn't a couple of the bailed-out banks help bankroll Barack Obama's Presidential inauguration?

And what about Chris Dodd's Irish cottage and sweetheart mortgage deal?

And what about all those top Democrats (Rahm Emanuel, Franklin Raines, Jaime Gorelick) who looted Fannie Mae and Freddie Mac and walked away with tens of millions in stock options and bonuses as it teetered on the edge of collapse?

Perhaps when Congress has coughed up its own profits, we can talk about asking AIG to do the same.

In the meantime, I'm in the market for a good pitchfork, and checking Priceline for airfare rates to DC and back...

--Wes S.

TJP said...

You can also blame El Rushbo. He spent an entire week on this so far, when there are four points that could be made, and an opinion that could be fleshed out inside of 30 minutes.

Honestly folks, I just don't care about the 165 million any longer. The crooks in Boston spent more whacking Big Dig whistle-blowers and having their bodies buried under the project.

Brad K. said...

I gotta agree. Let Congress foreswear half their salary, and retired Congressmen and Senators half their retirement income, until the national debt is paid off.