Money


Okay, so here’s the plan. You know that gazillion dollars (actual dollar amount adjusted for ridiculousnessocity) going to AIG for bonuses? The New York Times says we should totally pay them! Why? Well, it’s in the contracts! It wouldn’t bode well for other agencies and institutions if we started breaking these contracts for frivolous reasons (you know, like a shitty economy and a depressing financial climate caused by said agencies and institutions). So, if I hired someone to do some house sitting for me and I promised them $100 for it, I should have to pay it – no matter what. If my house is burned down by the house sitter by accident, I’ll pay anyway. A promise is a promise, right?

Thank heaven for The New York Times. For a second there, I was beginning to think that bonuses were typically performance based or a reward for performance – not a contractual obligation. So, if you fuck up somewhere along the road, maybe a bonus should be reconsidered. I guess you learn something new every day.

NYT also says we should pay because AIG, the ones responsible for a good chunk of the current financial hiccup, might be able to fix the problem. That’s right – the ones who caused a great deal of headaches are the same professionals that are best suited to get us out of this mess. We have every incentive to pay them these bonuses! Do you remember the house sitter who burned my house down? I should give him or her way more money to fix it and hope he or she doesn’t burn it down again in the future.

Get this garbage from Ed Liddy, AIG’s installed chief exec:

“We cannot attract and retain the best and brightest talent to lead and staff the company if employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury.”

Sweetness. Now do you see what I mean? Feeding these giants with taxpayer money is an absolute necessity and the evil government is arbitrarily adjusting their compensation. We don’t need to know what he means by arbitrary because to ask would be, well, arbitrary. Right? It’s only $165 million. Just let them have it already.

Remember, the executives who will be receiving $3 million each also have families to feed and children to send to college. Liberals need to stop their selfishness.

California is in a deep hole. There is no doubt about that. A bill in California has been introduced to legalize production, transportation and sale of the plant (notice I didn’t say drug, oh wait… dammit) in the state. We’re not going to go into a pro versus con argument on the legalization of drugs here because the argument is moot. It’s not going to be a gateway for the legalization of all drugs and not everyone will start doing it because it’s legal – although that really wouldn’t be a bad thing, would it? With taxation and turning marijuana into a legitimate business in California, it is estimated that it could generate up to $1 billion in revenue. Although I’d imagine that it’s entirely possible to get that $1 billion from Humboldt, Berkeley, the UC system and Stanford apart from the rest of the state. Come on, Arnold! Rally the troops and make this happen! Oh, and to the hardcore conservatives of California who are going to dismiss this without even a second thought (monetarily and scientifically): Fuck you!

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Just a few days ago, I wrote on Addie Polk of Akron, Ohio attempting suicide due to financial difficulties. Well, it seems the problem isn’t just an isolated incident. A financial adviser who had worked for Sony Pictures and Price Waterhouse (PWC) purchased a gun on September 16 and killed his wife, mother-in-law, and three children. One can hardly stomach such a tragic occurence let alone begin to understand how one can be driven to carry it out. Without surprise, he then shot and killed himself making the whole mess a murder-suicide. All the victims have yet to be identified.

Clearly, money has far more power over people than we’d like to imagine. If a 90-year-old lady attempts suicide and a man (who, judging by the nature of his work, is financially better off than most) can kill his family all over economic woes, it’s time for a higher institution or power to intervene. The bailout is a joke and the government has done nothing but plague our economy. Will there be a solution or an end to this in the foreseeable future?

[Via USAToday]