South Park got Secretary Geithner right
Nicholas Kerr
Issue date: 4/29/09 Section: Opinions
The whole country seems to be "outrage central" this week over the AIG bonuses. The whole situation has me shaking my head at people. We have seen more proof that the bailouts were a dumb idea. To this point, Democratic Party governance seems to be a mockery of intelligence. And all of a sudden, the American public seems like their counterparts from late 17th and early 18th century France.
If companies did not receive bailouts, one of two things would happen, either a total collapse of the company or an organized bankruptcy. If AIG was denied a bailout, they would either be nonexistent or a federal judge would have voided their labor contracts. Thus, the bonuses would have never been paid, despite the fact that Congress loves to get on its high horse and talk about pulling the money from the company.
At this point, if AIG goes under with a boatload of tax dollars, they now have it worse for the economy than what it originally was.
Hopefully, Congress learns from its mistakes before they give a larger chunk of our tax dollars to the auto companies. However, I am not holding my breath as the United States Congress seems to be the only entity that is impervious to Pavel's logic.
In the last two elections, the Democrats have promised that if elected we would see the most ethical legislative and executive branches-ever. Thus far, the result of that promise is in an epic failure. After saying he had no involvement in protecting the bonuses in through the stimulus package, Senate banking committee chairman, Chris Dodd, admitted that he did write the language into the bill, only because the Treasury Department told him to.
The only problem with this is that Secretary Geithner claimed that he did not know about the bonuses until a week before they went out. He later had to admit that he was lying.
But what will it take for President Obama to see that he is incompetent? I hate to see what it will take for him to see that he needs a new guy to sign the lower right hand corner of dollars. In the 13th season that South Park has been on the air, perhaps no parody was more accurate than a scene in last week's episode. The Treasury Department was deciding what to do by seeing where a chicken running with its head chopped off would land on a Wheel of Fortune type wheel.
If companies did not receive bailouts, one of two things would happen, either a total collapse of the company or an organized bankruptcy. If AIG was denied a bailout, they would either be nonexistent or a federal judge would have voided their labor contracts. Thus, the bonuses would have never been paid, despite the fact that Congress loves to get on its high horse and talk about pulling the money from the company.
At this point, if AIG goes under with a boatload of tax dollars, they now have it worse for the economy than what it originally was.
Hopefully, Congress learns from its mistakes before they give a larger chunk of our tax dollars to the auto companies. However, I am not holding my breath as the United States Congress seems to be the only entity that is impervious to Pavel's logic.
In the last two elections, the Democrats have promised that if elected we would see the most ethical legislative and executive branches-ever. Thus far, the result of that promise is in an epic failure. After saying he had no involvement in protecting the bonuses in through the stimulus package, Senate banking committee chairman, Chris Dodd, admitted that he did write the language into the bill, only because the Treasury Department told him to.
The only problem with this is that Secretary Geithner claimed that he did not know about the bonuses until a week before they went out. He later had to admit that he was lying.
But what will it take for President Obama to see that he is incompetent? I hate to see what it will take for him to see that he needs a new guy to sign the lower right hand corner of dollars. In the 13th season that South Park has been on the air, perhaps no parody was more accurate than a scene in last week's episode. The Treasury Department was deciding what to do by seeing where a chicken running with its head chopped off would land on a Wheel of Fortune type wheel.
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