From last night’s All Stars.
On the provision in the stimulus bill allowing AIG bonuses:
Well, I must say I’m enjoying this as much as anyone, the Democrats shooting at each other after all of them had pretended that this provision was immaculately conceived. But the whole afternoon today, the morning and afternoon of the interrogation of the head of AIG was Congress at its absolute demagogic worst.
I mean, let me count the ways. Here’s a guy who comes out of retirement to work for a dollar a year, who is not even in AIG at the time of the take over by the government, who’s being attacked by members of Congress earning $175,000 a year, who have just received in January a raise of $4,700.
Secondly, the Democrats are the ones who passed the stimulus package, which had this provision in it. And they had told us that the stimulus was so important for saving the economy that it had to be rushed into law before Presidents’ Day, of course, leaving no one with any time to read it. So now they wake up. They read the bill that they had passed and begin excoriating AIG and others.
Lastly, the money here involved in the scheme of things is absolutely trivial; it’s $165 million. That’s what C.C. Sebastian is getting to front the Yankees for his left-handed changeup. If Bill Gates, out of the goodness of his heart were to pay the bonuses for 100 years, he would still have half his fortune left.
This is a trifling amount of money when our economy is on fire and when AIG is hemorrhaging billions. It’s a distraction and the Democrats and Republicans in Congress are using it for political advantage, and nothing else.
On Obama’s trip to California:
Well, Obama’s modus operandi is when the going gets tough, he gets going. He gets out of town. The best thing he does is campaign, so that’s what he wants to do. He’s not apparently that good at governing. He is not a lot of experience. He never ran a candy store in the past and he’s having a little stumbling trouble these days running his government.
But, you know, presidents who are good speakers have charisma and popular support, like Reagan, will go over the heads of Congress directly to the people when they are in trouble and need help. That’s what he’s doing. It’s understandable. If I were his advisor, I would tell him to do it.






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