Bonuses, Bailouts and Buttheads

Like many of us, I was pretty upset to learn about AIG’s decision to pay out more than $165 million in executive bonuses.
Much of the funds are retention bonuses for employees that are no longer with the company. All of it is going to reward AIG’s top decision-makers for decisions that were…
Well…
… Shitty.
The recipients of [...]

Stock Options, Politics and Bully Pulpits

Alright, we need to talk about this bailout stuff.
Again.
In speaking to someone whose political views I greatly respect (ok, ok- it was my daddy), I learned that perhaps President Obama knew exactly what he was doing  when he recently announced that the regulations he plans to put in place on what’s left of the $700 billion bailout [...]

Barack Obama, Executive Pay and a Whole Lot of B.S.

President Obama said in his recent weekly radio address that he will be presenting a new bailout spending plan soon.
Sounds good to me, though I was never really one to support these ridiculous bailouts to begin with.
What I am shocked- and quite frankly, a little pissed- to hear is that this new spending plan contains [...]

Auto Bailout Doesn’t Go Down Any Better The 2nd Time Around

I think I finally understand what the deal is with this auto bailout.
I still think it stinks, but I can at least make some sense out of it now- at least more than I could before.
Recently, when Congress started talking about a $25 billion bailout for the Big 3 automakers, I felt like I had [...]

A Spoonful of Sweetener Makes the B.S. Go Down

The Senate has passed the bailout.
Crap.
I had really hoped they wouldn’t.
They didn’t just pass it… they did it with “sweeteners”.
Doesn’t make that shit any easier to swallow now does it?
Nope.
Sure doesn’t.
Let’s hope the House has the balls to kill it- again.
Regardless, here it is in its entirety…
… for those of you who need a [...]

Rescue Plan- Tastes Even Worse Going Down the 2nd Time

The Economic Bailout- Take 2- is going before the Senate today.
I’m a little disappointed… I know they’ve added some stuff, and yanked other things… but…
The bill still stinks.
I was hoping that the unexpected no-vote in the House on Monday would have given lawmakers some incentive to scrap this butt-ugly thing and start over [...]

Economic Ramblings of a Broke A$$ Woman

It’s taken some days, but I’ve finally figured out how I feel about this economic bailout thing that’s been monopolizing my radio, my tv, my internet, and the proverbial water cooler at work.
I hate it.
Should Congress be successful in resurrecting the bill and bringing it to another vote, I hope it fails miserably.
There.
I said [...]

Depression, Burning Tables and The House of Representatives

The Bailout has failed.
It didn’t even make it past the House today… and well… let’s face it…
This nonsense has officially become a full-blown mess.
The Republicans are blaming the Democrats, claiming the measure would have passed, had Nancy Pelosi not given such a partisan speech on the House floor this morning.
The Democrats are counter-blaming the [...]

Jack Cafferty on Sarah Palin- Cafferty Gets It- Do You?

Jack Cafferty said it best when discussing Sarah Palin’s potential Vice-Presidency following her horrific, cringe-inducing interview with Katie Couric.
If John McCain wins this woman will be one 72-year-old’s heartbeat away from being President of the United States. And if that doesn’t scare the hell out of you, it should.
Here, here Jack.
I’d just like to add, [...]

Let The Games Begin!

The day has finally arrived…
The Presidential Debate is here!
So…
Despite suspending his campaign but not really suspending it… and then promising that he would only participate in the debate if the economic bailout fiasco was resolved by Friday… which it wasn’t…
John McCain has agreed to appear alongside Barack Obama tonight in Oxford, Mississippi.
Amazingly, despite the fact that the debate has not even taken place yet, [...]