Reader recommendation: AIG should take a page from Obama

By Michelle Malkin  •  March 17, 2009 03:51 PM

A suggestion from reader Richard W.:

Michelle,

I don’t understand why AIG doesn’t just borrow the same approach Obama took to defending the $410B pork-laden spending bill he just signed in private. Seeing as how the bonuses were earned for work done in 2008, AIG should just call the bonuses, “Last year’s business” and make all kinds of lofty promises about how now, for real, going forward, now that they’re paid, AIG is really going to clamp down on companies abusing bonuses because paying them is despicable.

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Posted in: AIG

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Comments


  1. #1
    On March 17th, 2009 at 3:54 pm, bansharia said:

    one must never do what The One does,
    they will be Rushed to judgement.

  2. #2
    On March 17th, 2009 at 3:54 pm, sims said:

    Perfect.

  3. #3
    On March 17th, 2009 at 3:54 pm, CO2 Producer said:

    Heh. We’ll change our old way of doing business…after we get this done first.

  4. #4
    On March 17th, 2009 at 3:56 pm, ajmontana said:

    And I just wish he’d be “Present” in timbuktu for the next 4 years.

  5. #5
    On March 17th, 2009 at 3:56 pm, Regulus said:

    Reminds me of a trailer to one of the “Police Academy” movies, in which the bad guys take over a theater. The head honcho shoots up at the ceiling while shouting, “Everybody stay calm, and nobody gets hurt!”

    Then a guy falls from an overhead catwalk, having been struck by the fired round, and the bad guy says:

    ” — From now on!”

  6. #6
    On March 17th, 2009 at 3:57 pm, California Red said:

    or in the fashion of “there are no earmarks in this stimulus”, the AIG folks could claim that these are not bonuses at all. Give them an acronym that the public can swollow like Committed Remunerartion Assistance Program.

  7. #7
    On March 17th, 2009 at 3:58 pm, bansharia said:

    Reg,
    perfect analogy! lol

  8. #8
    On March 17th, 2009 at 4:01 pm, emjem24 said:

    In the end, AIG will be the “distraction” that brings down the Obummer mothership. Him and his zealots are cruising for irrelevance.

    If I were AIG, I would disclose all the secret, closed-door deals that went on between them and Washington. I would come clean about all the politicians that they bought and in return the promise that they would do anything they could to help out AIG from going under. That in a tough business environment, I would emphasize what AIG had to do to keep the best people in order to compete. I would also emphazize that Dodd made sure that bonuses were exempted as part of the bailout and couldn’t be touched.

    I’d fight as dirty as possible to bring the hypocrisy to the American people. I’d go on every network and explain, in layman’s terms, the bailout, and the details of the deal.

    Then expose these Washington politicians for what they are: Hypocrites.

  9. #9
    On March 17th, 2009 at 4:03 pm, Jeff2161 said:

    Love it !

  10. #10
    On March 17th, 2009 at 4:04 pm, bansharia said:

    AIG better leave now in a hybrid if they are to get to DC in time for the witch trials, hm perhaps they can get Al Gore’s son to drive, He knows how to make those babies hummm.

    new video game concept: CEO’s racing to DC in a govbailout derby in hybrids to answer how they spent the money.

  11. #11
    On March 17th, 2009 at 4:06 pm, bansharia said:

    Em psst someone already did:
    http://online.wsj.com/article/SB123725551430050865.html

    was it AIG? who knows

  12. #12
    On March 17th, 2009 at 4:07 pm, Misscheryl said:

    California Red said:
    or in the fashion of “there are no earmarks in this stimulus”, the AIG folks could claim that these are not bonuses at all. Give them an acronym that the public can swollow like Committed Remunerartion Assistance Program.

    Oh yeah! I like it!

  13. #13
    On March 17th, 2009 at 4:11 pm, ctmom said:

    heh, heh

  14. #14
    On March 17th, 2009 at 4:11 pm, Jeff2161 said:

    Only thing… 11 got checks after leaving.

  15. #15
    On March 17th, 2009 at 4:14 pm, cheapseat said:

    those bonusses were like the earmarks that weren’t there. insignificant. ask chucky schmucky about those earmarks and the chattering class protesting irrelevancies, rounding errors, etc. what’s good for the goose, except in this case the real golden goose (taxpayers) get hit coming and going. whoopie, i feel your pain.

  16. #16
    On March 17th, 2009 at 4:14 pm, sonofdy said:

    Love it.

  17. #17
    On March 17th, 2009 at 4:16 pm, bansharia said:

    cheap who called them a bonus?
    never let a hack define the premise….

  18. #18
    On March 17th, 2009 at 4:18 pm, bansharia said:

    They are a contractual obligation PERIOD

  19. #19
    On March 17th, 2009 at 4:21 pm, vsatt said:

    Love how Chucky Schumer is all hopping mad and determined to get this money back. The bonus money isn’t any more than those teensy little earmarks in the stimulus package that Americans didn’t care about last month. Why all the fuss now?

  20. #20
    On March 17th, 2009 at 4:25 pm, sonofdy said:

    They are a contractual obligation PERIOD

    Yes and??

    They are looking to put someone in jail, pesky things like the law and contracts aren’t going to stop them.

    A link all the people who got a bonus should use,

    http://www.orbitz.com.

  21. #21
    On March 17th, 2009 at 4:27 pm, tonyr951 said:

    In other words, they inherited the obligation to pay the bonuses

  22. #22
    On March 17th, 2009 at 4:28 pm, bjc said:

    *P-BO and AIG are already connected at the hip through tax cheat Tim; He orchestrated the AIG bailout from behind the scenes since early in 2008, with money going to foreign banks, etc.; Timmy Boy has his fingerprints all over this mess, and AIG as an entire entity may want to take up Sen. Grassley’s proposal with the Chapter 11 version of suicide; Do it now so as not to prolong the pain.

  23. #23
    On March 17th, 2009 at 4:32 pm, ClassicFilm said:

    Heads should roll in Washington over this ineptitude… with bailout author Tim “Boy Wonder-Blunder” Geithner being first in the queue.

  24. #24
    On March 17th, 2009 at 4:43 pm, walterc said:

    At the risk of sounding like a “truther”, wouldn’t the birth certificate issue be a pretty good way to get this guy declared ineligible to be POTUS? Much quicker and easier than a recall election or a civil war. And maybe limit the damage somewhat.

    I heard someone on the radio this morning say something along the line of Obama being like Carter, one term and out. My thought was, given the damage he’s caused in 2 months, I’m not sure we can wait 4 years.

  25. #25
    On March 17th, 2009 at 4:47 pm, Misscheryl said:

    The only way Obama is outta here is if Congress wants him out. Believe me, they’d find a way. I just doubt that it will get to that point.

  26. #26
    On March 17th, 2009 at 5:32 pm, JDinTX said:

    Obama doesn’t want anyone to make more money than anyone else. We are a socialist country now and everyone should be on minimum wage. When is he going to give back his bonus. Surely he doesn’t think he has earned a salary. Voting “present” does not constitute work in my book.

  27. #27
    On March 17th, 2009 at 5:34 pm, Misscheryl said:

    We are a socialist country now and everyone should be on minimum wage

    Actually, that’s not true. Here in Oklahoma I read that for those states who take the money and are employing people using stimulus money, they must pay them union wages in lieu of fair market.

  28. #28
    On March 17th, 2009 at 10:59 pm, corona said:

    Barry O scores again!

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