Wednesday, March 18, 2009

Bonuses are a good thing

Everyone in Washington DC is up in arms about the AIG executive bonuses. How distasteful. How wasteful.

They may be the best spent $160 million in the trillion dollar stim package.

After all, who better knows what to do with a couple million in cash? AIG execs will buy Escalades, Beneteaus, and Real estate. When they run out of luxury items to buy, they will still have money to invest in business ventures. Spare change will wind up in banks where all the rest of us can borrow it at interest.

What not a single AIG exec is going to do is go into the backyard and bury it.

As for the rest of the stimulus, two words... shovel ready.

No comments: