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Bonus (with tax money) = bad Pork (SAME tax money) = ok, at least this time?

AIG plans on paying about $165 million in bonuses using bail out money. This is bad. Seems like EVERYONE agrees on this.

http://www.nytimes.com/2009/03/15/business/15AIG.html?hp

The "budget" that Obama passed not a month ago had, give or take, 308 BILLION dollars worth of pork in it.

http://www.usnews.com/articles/business/economy/2009/02/19/finding-the-pork-in-the-obama-stimulus-bill.html

Now, can someone please explain why Mr. Barney Frank and Co. are up in arms and squalling over these bonuses (which I agree is crazy, BUT contractual) but poo poohed the BILLIONS in pork?

And yes I DO knoe Repubs were involved in the pork. Ticked me off too.

Answer Question
 
momof030404

Asked by momof030404 at 6:56 PM on Mar. 16, 2009 in Politics & Current Events

Level 23 (16,925 Credits)
Answers (13)
  • what?
    soonmommyof3

    Answer by soonmommyof3 at 6:57 PM on Mar. 16, 2009

  • Why is everyone mad about the bonuses but not about the pork?
    momof030404

    Answer by momof030404 at 7:00 PM on Mar. 16, 2009

  • Everybody supports so called earmarks. Both sides republican and democratic side. It's money for your state. It's not the first year when there are earmarks in budget.


    We are talking about bonuses used by companies who we tax payers give the money for their bailout.

    Anonymous

    Answer by Anonymous at 7:15 PM on Mar. 16, 2009

  • I don't eat pork, sorry.
    Anonymous

    Answer by Anonymous at 7:22 PM on Mar. 16, 2009

  • I am against politicians that can't find their a** from their heads and don't put conditions on money they gave companies to bail them out. What a huge oversight! As for the porkulus, I contacted my elected officials to let them know what I thought about that. Barney Frank is a douche and so are his henchmen. Come to think of it, probably anyone connected with him is the same. He is as greasy as they come.

    Anonymous

    Answer by Anonymous at 7:33 PM on Mar. 16, 2009

  • The bonuses that the execs at AIG are wanting to pay out are not okay because that is our, the taxpayers, money. We gain not a thing from it. The pork in the stimulus is not okay either. That stimulus was suppose to be for jobs to be created and to help the people. The problem I have with the money that is earmarked for the states, not the pork, is another noose around the neck of the taxpayers. The stimulus money for the states comes with many strings attached and that is why some states did not want to accept it. SC, for example, wants to use the money they don't need to pay down their debt. Obama says no. The pork should never have been entered into the stimulus because it just is more money that does not produce long term benefits. The ones that wanted it and the one that okayed it are wrong. JMO
    foreverb3

    Answer by foreverb3 at 8:36 PM on Mar. 16, 2009

  • Right! In fact, for the states to accept the pork being doled out, they will have to change their laws with regards to government assistance programs. When the pork money runs out in each state, who will make up the difference? Yep, taxpayers. So, have a nice free ride for a couple of years, and when that money runs out, explain to your constituents that you need to raise their taxes to pay for things that they didn't originally need. Talk about a hard sell.

    Anonymous

    Answer by Anonymous at 8:43 PM on Mar. 16, 2009

  • nevermind the pork or the bonuses. AIG bought up foreign banks and other failing assets.
    Anonymous

    Answer by Anonymous at 8:48 PM on Mar. 16, 2009

  • i think it's all crap... i don't think he should have the right to just go spend all our money like that and put our children in debt....things like that should have the american vote....
    JuLiAnSmOmMy317

    Answer by JuLiAnSmOmMy317 at 10:32 PM on Mar. 16, 2009

  • Because the bonuses were paid to people who helped get AIG into the position where they were in, the one where they needed to be rescued.
    The people receiving grants didn't cause AIG to fail or any other bank for that matter.
    heatherama

    Answer by heatherama at 11:40 PM on Mar. 16, 2009

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