I'll Say It Outloud: This Whole AIG Mess Cracks Me Up
I suppose it's not polite to laugh in sensitive company. Well I can't help myself. This whole AIG mess cracks me up.
I have opposed every bailout on principle. I called my Congressman. I wrote him emails. I called my Senator (ummm, Barack Obama at the time). I tried all I could, but in the end they didn't listen.
I told them it wouldn't work. In the specific case of AIG, I implored the government to let them go bankrupt. I begged them to allow resourceful people to pick up the pieces and move on.
They didn't listen. Many Americans didn't want to listen. I was criticized and lampooned. I was warned in the most dire predictions of the imminent doom that the collapse of AIG would bring... a systemic destruction of our entire society..... a dawn of savagery and a return to the pre-historic horrors of a world without a bloated insurance giant..... six years of darkness... locusts... plagues..... dogs and cats living together! Madness!
And now I can't help myself. It's funny. It really is. They can't understand it. They don't know how this could have happened. ROFL LMFAO!!!!
No matter what action the government takes, it will ensure that AIG will slowly flounder into total destruction. It's unavoidable. Demand the bonuses back? They remaining employees will sabotage the already vulnerable company out of existence. Tax the bonuses? That will just discourage the influx of talent that is AIG's only hope of recovery. Nationalize it? That would only end its private operations and turn it into a walking zombie, like the Post Office, without the legalized monopoly priviledge that keeps USPS alive. Of course, they could have just listened to us and let AIG die in the first place. But hey, what do we know.
And to further the comedy, the latest government solution is to create a new bureaucracy dedicated to handling these situations in the future. More comedy! Our current bureaucrats just gave AIG billions without even asking such basic questions as, "What bonuses are you currently contractually obligated to fulfill?" Don't worry, they tell us, we'll get it right the next time. Just give us more money. Now if that ain't the height of hypocrisy I don't know what is! How can you not find this amusing?
So sit back and enjoy the show people because the comedy circus is just beginning. I am told that Russians living under the Kremlin's rule developed a wicked sense of humor as a coping method. Well, like Newsweek triumphantly declared, "We're All Socialists Now." =D
David in Qatar