Cavuto Sticks it to Rep. Alan Grayson

In this time of quasi-Socialism in the United States, Neil Cavuto hit it right on the head.  Everyone in Washington is all up in arms about bonuses at AIG (although they all knew about the bonus structure BEFORE it hit the news cycle) even though these bonuses were in the overall contracts.  People who work in this area of sales know that bonuses make up a good portion of their income. The fact that the amounts are much larger than most people make in a year is irrelevant. Capping executive pay is really up to the shareholders and the board of that particular company. These kind of demands on pay come when money is accepted from the taxpayers.

It is curious that the same type of bonuses were paid to executives at Fannie and Freddie (remember those companies?) but the same outcry didn’t happen.   I wonder why?  Maybe it has to do with the fact that the news was released on a Friday afternoon / Saturday morning – well outside the normal news cycle (a typical tactic used by politicians -on both sides- to defray the public opinion on a subject).  Maybe it is the influence of Barney Frank and Chris Dodd?  (These yahoos partly created the problem)  Maybe it is the fact that many major players from the Obama administration have worked for Fannie and Freddie over the years?  Maybe the execs at Fannie and Freddie have compromising pictures of certain members of Congress with farm animals?  Who really knows….

What do we consider obcene?  How much is too much to make per year?  What business is that of the government?  This is typical class envy at the highest degree and we are starting to see the electorate really lash out at higher income earners.   I guess I can only hope to one day be one of those hated high income earners!

I suppose, as mentioned above, this is what you get when you accept money from the government (i.e. taxpayers).   An excellent reason NOT to finance failing companies, but what do I know.

Of course, this is just my opinion.

Rob’s Rant