Great idea, Xin!

Catherine Shaffer

Wise Bread Contributor 

Why should AIG employees get performance bonuses when the company is failing? Why should we reward the people who threw AIG into a tailspin in the firstplace?

Daniel, think about this for a moment. Do you think that ALL the people who received bonuses at AIG were involved in the company's negative performance? What about the IT director who dramatically exceeded performance? What about the person running facilities who dramatically decreased expenses?

This over-generalization and misunderstanding of how compensation works is frankly dangerous and misguided.

Why would all the remaining good people want to work for a company that is being torn apart when they can go somewhere else? Shall we just let them go without paying them, let the company completely fail and lose our $160B investment in it? The amount of these bonuses is chump-change to the wasteful billions that congress has spent in the last month alone. Who should we really be mad at? I wonder why congress is making such a stink about this? Possibly to distract from their mismanagement and reckless spending?

These guys have some nerve-- they should all be drawn and quartered . . .

As for the charities, these guys should never have gotten the money in the first place!

People seem to be missing the bigger issue. The tax code is now being used to punish people without giving them the benefit of a fair trial. The bonuses may be considered by some as unethical, I'm not going to waste time debating that. Has the law, as it is currently written, been broken? I don't see indictments, trials or convictions. We just skipped the whole process and went straight to punishment. There are AIG employees receiving death threats and having their homes swarmed by angry protesters. Many of them were not the recipients of any bonuses. A Federally funded organization (i.e. supported by YOUR tax money) is providing tour buses to these people's homes, doing every thing it can to throw more fuel into this fire. Not to mention that it was CONGRESS who authorized these bonuses, as a provision of the bail-out funds for the company.

Where is the public outrage against congress? Why aren't their homes being stormed by angry mobs? We didn't vote for any AIG members, but the elected officials who continue to be the beneficiaries of your tax money have betrayed to you. If you're against the bonuses, they have played an equal part in robbing you. We're throwing away the constitution to squelch an emotional need to act, even when the full facts aren't available to the public.

The Constitution is NOT a series of laws the government came up with to govern us. Rather it is the restrictions WE as citizens have put on that government to ensure our freedom. It is the line they can not cross. A line that is being pushed further and further back at our expense. We as a people have the right and the responsibility to assemble and speak out against a government who crosses that line. That right exists in writing because of the implied responsibility. We have the right to bear arms, as we are expected to take up those arms against such injustice and remove any power that threatens our freedoms.

The current government is dividing us. Republican vs Democrat. Liberal vs Conservative. Rich vs Working class. Sides are chosen and we're pitted against each other. Then they throw us some little shred of controversy and lets us squabble over it while they continue to seize power, safely hidden by the meaningless distractions they've created. AIG is done, these executives, be they right or wrong, pose no further threat to us. And still the angry mob gathers outside their homes. Congress will ensure there's always another scandal and they'll spend billions of dollars of your money to distract us. Anything they can do to keep the torches and pitchforks off of their own lawns, the threatening letters out of their mail, anything to avoid accountability for their actions.

Without freedom, there is no prosparity, economic or otherwise. We're losing our country because people are so easily lead into the fits of outrage. They'll piss away 230 years of hard work that went into building the country, just so they can feel better seeing one group punished. Are you a Republican or a Democrat? Union member no non-union? Upper-class income, middle-class, or welfare or disability recipient? Are you fresh out of college looking to enter the workforce, or are you trying to keep the job you've had for 25+ years? What is your race? Religion? Odds are YOU are a part of at least a dozen groups that someone lobbying Washington has a problem with. This time it was executives, but sooner or later the focus will change. We're all the target eventually. Maybe some are deserving targets, others may not be. But when your time comes, right or wrong is rarely a factor. What's important is the conduct of those who point their finger at you. Will you be able to demand legal representation, or will an angry mob just arrive on your doorstep? If we continue to set such a dangerous precedent and allow this conduct now, it's only a matter of time until it's used against you group.

I would spend the money to mail out millions of copies of the US constitution. The government will make their end on the deal in the form of postage, and a few people might actually wake up and realize what's happening here.

It is astonishing that people who were up in arms during the Bush administration about our supposed loss of civil liberties are cheering Obama on in the fastest, most extreme deterioration of our liberties we've seen since Franklin Roosevelt's wartime excesses.

As we prepare to release Guantanamo terrorists into our population so that they can enjoy our coming publicly controlled "universal" health care, Obama proposes to incarcerate and set up indoctrination camps for ALL American young people in his new mandatory "national service" army. Those who absorb the correct thoughts will no doubt be kept on in government funded political organizing posts, to teach the rest of us how to be proper 'global citizens' and make our proper, Obama-defined 'shared sacrifices for the common good.'

And the people who were appalled by Guantanamo have absolutely no problem with this much greater and less justified intrusion on personal freedom.

People who were appalled that the federal government might listen in on their phone calls to terrorists seem to have no problem with Obama requiring that ALL our medical records be an open book to that same federal government.

At least when Bush was eroding our civil liberties, he was trying to stop more 9/11 events. Obama's justification is - what? Oh, I forgot, he doesn't need one, because hardly anybody is willing to ask him for one, and if they do, he'll just stop calling on them at his press conferences. Once the Democratic Congress starts funding and controlling major newspapers as "non-profits," his propaganda will be the only thing most people will get to read.

p.s. the sheep is the american public. no on can divide someone else. the sheep divide themselves along lines of interest. there are many subdivisions within divisions. and both of these two posts, or most of them, are in reply to viatro and annjo (maybe others, i haven't read everyone' posts).

AIG is a huge multi-line company. Not all parts of AIG lost money. What about the worker that landed a new million dollar account? Should they have to give back their bonus? They made money for the company. This issue is not the black & white picture congress would like you to think it is. Today it is AIG's bonuses that congress is going after. Tomorrow it may be your income that is deemed to be excessive and taxed.