Bucket Brigade
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- March
- 17
I don’t know about you, but I think it’s splendid that yours and my bailout money enabled AIG to pay its beleaguered executives their astonishingly huge bonuses as a reward for cluelessly grinding their company into the ground. Perhaps we are seeing at last a return to the old economic order – over which we reminisce so wistfully.
This entry was posted
on Tuesday, March 17th, 2009 at 8:48 am by Matt Davies.
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Beautiful…just beautiful.
I especially like the first bucket being labeled tax dollars (though you really didn’t need to do that, we’re all too painfully aware that it’s our money funding these thieves).
I can’t help but laugh at the justification for paying the bonuses—- they have to in order to keep the “best management personnel”. Has no one realized that these are same “best management personnel” that drove the company into the ground and took the rest of us with them? Unfortunately, without any conditions having been attached to the money, I suspect that there will be nothing that can or will be done to stop the gluttony. Maybe Attorney General Cuomo will find a way to intervene. He, at least, seems to be doing more than just paying lip service outrage. Go get ‘em Andrew!
Govt needs to have anti-trust and conflict of interest laws back in operation. This will prevent the megolopolies, AIG etc.. insurance deals with insurance banks deal with banking. stock market deals with its own issues. this way if a stock market brokerage house dies it doesnt bring down our infrastructure.
sigh
I’m glad to see more of my tax money going to people who
don’t deserve it. That’s ok it’s only money.
Obama will just print more. Glad to see my great grand children will still be paying for this financial night mare.
When i was out of work and didn’t have any money i tightened
the belt and did not put myself in even more debt. Am i missing something here?
i find it hilarious that everyone wants to blame obama for what AIG is doing. Bush did the printing of money first and AIG spent it on a vacation.
We dont know how bad it will be under Obama. But at least we wont have to fund the war much longer. etc.
and if you really think Govt cares about our kids/grandkids you mst not be living in the US.
I have never seen our rich government do anything remotely positive for the working class. oh wait thats right tax the snot out of us! positive for them that is..
I never agreed with what Bush was doing either Steve i just
find it funny that the guy talks about change and then does
the same thing that moron Bush does. Hold that thought on the war buddy Obama has already stated that after the withdrawl he is leaving 35 to 50 thousand troops there for
an indefinite amount of time. More people will die because of a lie. Same as Bush.
Lets give the guy at least a year.
as far as throwing good money after bad. I believe the reason for Obama spending more money is because Bush’s money lined the pockets of the wrong people.
AIG once again tried to do the same thing. we shall see.
This AIG thing makes me think of John Allen Muhammad aka The DC Sniper from 2002. All he could think to do was kill randoms in a parking lot?!?
I’ll give him a year steve but when things are tight you don’t put yourself in deeper debt like Obama is doing to us you make cuts and tighten the belt. Think about if you lost
your job would you borrow 100,000.00 and put yourself in debt or would you thighten things?
bulldog: thats all i ask. hey if he bones it up i am right there with you !
tightenthe belt: what an individual does and what the nation does are 2 different things. (I agree with you , tighten the belt)
as far as the US is concerned that isnt going to happen. because he gets the brunt of that. the working class. the rich will always be the rich. they own the corporations. so you tell them to tighten the belt. so they fire us. and that is how we all got to where we are today.
what obama is trying to tell corp america is what i have been saying as well. dont fire the people in america and hire offshore and have our money leave the country for good.
This is what is killing us. corp america needs to stop sending money out of the country never to be seen again.
so in a year we will see ..It’s like a baseball team when you have a whole new team starting out they need time to season
Historians agree that what finally got this country out of the Great Depression was World War II, which was government spending on a massive scale.
I’m with you on that Mcgriff but just remeber 400,000 U.S
soldiers died for that cause and it put the entire counrty
to work and we all bonded. You will not find that type of
Patriotism in the new America. Just like steve said Corp.
America with the “profits before people” mentality. he is
right we need to keep the money in this country which also
goes along with my previous post of how this country is being soaked by criminal illegal aliens who make money here and then send 75% of it back to their own country instead of putting it back into the U.S. economy like tax paying citizens like you and me.
The only thing i don’t understand McGriff is why this massive spending worked in WWII but not in Iraq?
AIG went to the Cayman Islands, and all I got was this lousy t-shirt.
“The only thing i don’t understand McGriff is why this massive spending worked in WWII but not in Iraq?”
Because Bush privatized the Iraq war, just another example of Republican policies that take tax money and, instead of distributing it fairly across the spectrum, funnels it to the already-rich. You won’t see Haliburton asking for a bailout. That company made off quite nicely from the Iraq war.
The U.S. was not a world power at the beginning of WWII. Our military was quite small. We basically built everything from scratch in a four-year period. The massive debt we went into at the time paid off later with dividends.
Great stuff, Matt.
Thanks for the explanation McGriff. Time will tell though
whether this massive spending will pay off or sink us.
I too, am upset that this money is being spent in this way! The rationale that it is designed to keep good employees from going to other companies… Don’t they realize these are the incompetent fools that drove the company into the ground! Who is going to hire them? Who cares whether they leave?
I suggest everyone either read for the first time or re-read orwell’s 1984. or any book of this genre.
war is a misdirection.
don’t lose focus .. war isnt the answer. accountability is teh answer and making sure we dont give up our freedoms as we did with bush in office. we were never so close to the world of Big Brother than under Bush when he took power not unlike ceasar .. to defend us against the evil doers.
if we didnt have the legislative branch i believe we would have been doomed.
this doesnt mean we are clear of totalitarian rule. people still need to wake up and realize one shouldnt give up freedoms for the visage of security.
Matt, Wow, you really nailed the entire situation with this cartoon. The urgency reflected with the bucket birgade, and the fire represented with the executive swimming pool. Brilliant. I tip my hat to a fellow cartoonist.
cheers
http://www.whatnowtoons.com
check out my AIG cartoon there.
What about Goldman Sachs, SocGen, and Deutsche Bank, and our money they received via AIG,. That is where the real horror lies. The bonuses are unacceptable, but so was the bailout. These institutions are not to big to fail. That is just a blackmailing technique, which works pretty damn well it appears.