Posted on 03/22/2009 4:56:01 AM PDT by Kaslin
There's a moral and an ethical aspect to this, as well I think the most important thing that we can do is make sure that we put in a bunch of financial regulatory mechanisms to prevent companies like an AIG holding the rest of us hostage. Because that's - that's the real problem .
- President Barack Obama, speaking on the AIG corporate bailout controversy withTalk Show Host Jay Leno, March 19, 2009
It is noteworthy that President Obama chose to speak of moral and ethical concerns during his appearance on the Tonight Show last week.
The President is correct. The relationship between the AIG Corporation and the United States Federal Government is fraught with serious ethical and moral dilemmas. Yet, despite the Presidents expressed concerns, he is mostly avoiding the many actual dilemmas entailed in this mess, while at the same time creating more ethical dilemmas for the United States with his own behavior.
Every tax-paying U.S. citizen became directly entangled in the AIG Corporation during the Fall of 2008, before Obama was President. At that time, the AIG Corporation had managed itself into disaster and came looking to the government for help, and in response, the previous Congress and President Bush infused the private corporation with public money.
Was it the right thing to do? Thats debatable. But we know this much: with the stroke of Bushs pen, every American tax payer became not a stockholder, but a stakeholder in AIG - - that is, because our money, collectively speaking, had been given to the company, we all, collectively speaking, have a direct stake in the companys success.
But that was last September. Since then there have been three additional infusions of our money into the AIG Corporation, the most recent one happening last month at the hand of President Obama. And here lies a moral dilemma that is being ignored: President Obama willingly accepted donations from AIG to his presidential campaign last year, and now this year he has handed-over billions of our tax dollars to the company.
Was it a quid pro quo, return the favor move from Obama? The situation certainly entails a conflict of interests. Given this, and given his recent desire to play the give the money back game, President Obama needs to start by giving back to AIG the money they gave him for his campaign. Sadly, there is no evidence that President Obama has any intention or desire to resolve this ethical dilemma.
Our government is also morally culpable for the terms of the AIG bailout. Ever since the bonus payouts to AIG employees became a controversy in the media, President Obama has insisted that he knew nothing, prior to authorizing the bailout funds, about AIGs contractual obligations to pay bonuses to their executives, and has expressed indignation over the matter.
Yet last Wednesday, Senator Christopher Dodd stated on CNN that indeed, he and the administration knew very well that AIG had obligations to pay bonuses to their executives, that he (Dodd) attempted to legislatively prevent those bonuses from being paid, and that the administration pressured him to not prevent the bonus payments.
So Senator Dodd and President Obama are saying different things about our governments relationship to AIG. Both stories may be false, but they cannot both be true at the same time. If one of these men is speaking truthfully, then the other is lying.
Worse yet has been the public response from President Obama and members of Congress to taxpayer outrage. In a spectacular game of CYA, President Obama, Speaker of the House Nancy Pelosi, Congressman Barney Frank, Senator Christopher Dodd, and Republican Senator Chuck Grassley (just to name a few) have all sought to deflect criticism of themselves for spending billions of our dollars on a failing corporation, by making 73 AIG executives the object of public scorn.
Nothing is known publicly about the bonus recipients themselves. Yet it is probable that, despite the overall failure of the AIG "team," the anonymous 73 had to achieve some significant individual goals to qualify for a bonus. OJ Simpson was once a record-setting, history making, hall-of-famer, bonus worthy running back, yet nearly his entire NFL career was spent with a failed team called the Buffalo Bills. The situation with the AIG executives is likely similar.
But details dont matter for power-hungry politicians. To divert negative attention from themselves, President Obama and members of Congress have begun a process of occupational profiling. The idea of singling-out Americans according to their ethnicity for special government harassment and punishment - - racial profiling - - is abhorrent. But the leaders of our government have singled-out anyone with the word executive in their job title, for very ugly treatment.
President Obama is correct to say that there are moral and ethical issues entailed in this mess. Americans need to focus on what those issues truly are.
I never have understood the “charm” factor this guy is supposed to have. It has never seemed *genuine* to me.
I've yet to see it
He just comes off as narcissistic and smug
.
“I agree
I’ve yet to see it
He just comes off as narcissistic and smug
“
And like Al Gore, infuriatingly condescending.
Agreed. What’s “charming” about an unlearned boor who can’t communicate unless he reads words written by somebody else, stutters and yammers, is in permanent campaign mode because he completely lacks leadership qualities and wants to destroy the cultural and economic fabric of the country?
Charm??
“I won”
“Get in their faces”
“Special Olympics”
“A plumber? He’s a plumber!?”
“You can put lipstick on a pig”
He IS a classless moron.
I don’t either. He seems like the typical a$$hole to me.
LOL--what we've come to. Careful and tortured explanations of what "lie" means, lest the reader not understand the nature of contradictory statements.
He's a spoiled brat, leftist punk.
.
Communists have NO sense of humor.
Just ask the once Free South Vietnamese people.
http://www.JourneyFromTheFall.com
http://www.Freerepublic.com/focus/f-news/1806248/posts
http://www.Freerepublic.com/focus/f-news/1308949/posts
.
And it could all happen HERE..!!!
.

Without the TELE, ZERO is a stuttering, bumbling doofus. We must look behind the curtain and reveal the PUPPETMASTER(s)!

"It's Rahm---he sez no matter what happens keep smiling. "
"And don't forget to joke about your bowling on Leno. "
"Rahm sez that will help endear you to all the working class peons who'll be paying all the taxes."
And in addition, he is arrogant, he is hollow, he is deceitful, he is vain and when you add all those traits together in a package, what do you have? TRASH.
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