The news that AIG is planning to shell out $165 Million in “bonuses” is driving both sides of the isle in to a feeding frenzy. The Prez is demanding the bonuses be stopped by any means necessary. Republicans and Democrats both are threating legal (and even bodily harm) to the AIG employees who refuse to give up the extra cash. But I just have one question – “what’s the big friggen deal?”
Take a look at the numbers – $165 Million. Yes that’s a big number, but its less than one tenth of one percent (.09%) of the overall bailout loan us taxpayers invested ($173 Billion). Given The Prez’s penchant for spending money, and Congress’ exuberence for earmarks, which total a heck of a lot more than the “meare pittance” given AIG – shouldn’t the American taxpayer be more upset with the government?
So what exactly does $1 Trillion look like? For the common person, it’s hard to visualize. But fortunately, there are computers – and they’re really good with numbers – and visualizing. So take a look at what Google SketchUp, and a site called PageTutor.com, visualized for us (after the jump)…
Is the future of the United States already sealed? You decide. Watch these two in sequence. Remember Barney “the Dinosaur” Frank is in a policy making position and the Kato institute is a non-partisan outsider group.
See the budget for yourself. Try not to laugh when you see the words "Fiscal Responsibility".
As a middle class American, I’ve always strived to make it to the upper echelons of wealth – to bust free from the my middleclass shackles and experience financial independence to the utmost. But then I read stories like this and ask myself, “is being rich really all it’s cracked up to be?”
MyCentrl is a $999.99 iPhone App (as opposed to many $.99 apps) that promises those
stupid rich enough to fork over nearly a grand a way to “Meet people. Find places. Get deals.” The developers say MyCentrl is a social networking app, but have very little in detail after that.
So if you have a cool “G” sitting in your pocket, just waiting to be spent on something that may do something, but then again, may not do anything… Then you’re not middle class, and you shouldn’t be reading this blog! Oh, and you can purchase the MyCentrl app too. [Found via Gizmodo]
Looks like Chrysler is in some hot water – again. Seems the boys in the boardroom thought it would be a good idea to take some of that hard-earned bailout money, and use it to thank the American tax payer for their generous support. So they go and spend almost a quarter a million a pop on full page ads in the leading newspapers (who reads those anyway?). Does that seem like the best way to spend your money?
“Years ago there was a robber who was really polite. He said please and thank you while he was robbing people. At the end of the day, people had their money stolen. Saying thank you doesn’t make it OK. They should give the money back.”
Original story on Fox News.
Here’s something that makes absolutely no sense whatsoever:
Despite the country’s economic meltdown, Congress is about to receive an automatic $4,700 pay raise on Thursday — a 2.8 percent increase over the current $169,300 salary for most members.
Maybe it’s just me, but I don’t get an automatic pay raise every year, do you? Shouldn’t something like this be tied to, oh, I don’t know, an approval rating or something? How come the same (mostly liberal democrats) get all up in arms about executives that get pay increases despite poor business performances, but let something like this slide?