Wednesday, April 1, 2009

I'm mad as hell, and I'm not gonna take this anymore

I can understand the public's outrage towards AIG for bandying out million dollar bonuses to its executives. During a period when the nation and its people are under distress, it takes a helluva lot of nerve to take massive sums of of taxpayer money handed to you by the federal government and then use that cash to reward the employees responsible for driving your company into the ground. Sure I do recognize that there are two sides to every story: AIG was contractually obligated to pay its employees these bonuses. If the hadn't, they would have broken a condition listed on a contract. It would have broken the time-honored understanding between businessmen. It would not have been fair. So I understand that, technically, these bonuses are justified. However, what infuriates me most is not just that these irresponsible men are being rewarded for failing their customers, that the rules of today permit them to expect those bonuses as if they were entitlements. What infuriates me the most is that the attitude of America in the last decade had allowed this to happen. AIG is facing a PR nightmare, suffering for past mistakes. Once under the scrutiny of an unforgiving media and judgment of money-pressed Americans, these businessmen are being recognized more for their greed and disregard for responsibility than ever before. The attitude during the Bush administration, that businesses ought to use their money unchecked, is now recieving its backlash. It's about time, because I'm mad as hell and I'm not gonna take this anymore.