March 19, 2009

Horsing Around

When politicians get on their high horses about something, it is almost certain that a considerable amount of horse manure will get spread around.

Such is the case with the giant insurance firm American International Group, Inc. (AIG), which was declared “too big to fail” during the Bush administration.

The Obama administration has denounced bonuses received by top AIG executives. Treasury Secretary Timothy Geithner has been jawboning – apparently with some success – to get AIG to re-negotiate some of the $165 million in bonuses. Even House Financial Services Committee Chairman Barney Frank (D-MA), who failed to provide proper oversight for some of the entities that got into financial trouble (Frank famously reported in 2003 that Fannie Mae and Freddie Mac were “fundamentally sound” mortgage lending institutions), went on the “Today” show Monday and ranted about the supposed evils of AIG.

This is all populism, of course, since the amount of money Congress wastes every minute makes whatever earned or unearned money paid to AIG employees, pale by comparison. For politicians to complain about misspent tax dollars is like one of those tabloid honeys lamenting the decline in family values.

This play within a play is ultimately not about AIG, corporate aircraft, fancy resorts and partying executives, all of which have been denounced by President Obama and members of his administration, along with many fulminating members of the media. While some people rail against “greed,” some of the less affluent operate according to another of the “seven deadly sins,” which is envy.

I don’t care how much money someone else makes. I simply want the opportunity to make the same, or more, should I choose to.

Just how much this attitude of envy has sunk in with so many was on display last Monday on Rush Limbaugh’s radio program (stay with me non-Rush fans because this is an important point no matter who makes it). A man named Nathan called the show, upset about the AIG executives who received “bailouts with taxpayer money.”

After making several points and getting nowhere, Rush asked Nathan how much he would like to make. Nathan said, “$250,000.” “What’s keeping you from earning that much money?” asked Rush.

Nathan replied that he didn’t have enough education. Rush asked him his age. Nathan answered, “31.” Rush said, “The only thing keeping you from making that much money, or more, is you.”

Nathan hung up. He didn’t want to hear this. He’d bought the fiction that there are limited amounts of money available and if an AIG employee is making more than he is, Nathan is being deprived of money that could be his.

Limbaugh said that making $250,000 is difficult, but not impossible with the right education, experience and most importantly, persistence.

Who teaches such values today? If you don’t succeed, it’s someone else’s fault, not yours. Others who have succeeded owe it to you to make things “fair.” Instead of attending to ways in which our own lives and circumstances might be improved, too many try to bring others down to their level. That never improves conditions for the ones at the bottom, but it makes them feel better, which is the objective of liberal politicians who want to keep people in sufficient misery so they’ll continue to win their votes. It apparently doesn’t occur to the miserable that they have a ticket out of their circumstances, if they will only climb aboard the right train.

Secretary Geithner wants AIG and executives at other companies that receive tax dollars to be paid according to performance. That is a standard most of us would like to see applied to Congress, which enjoys annual pay increases no matter how much incompetence, malfeasance and misfeasance it demonstrates.

If it is a good idea to tie teacher pay to performance (and it is), it is a better idea to link the pay of politicians to performance. Look for that about the time Congress votes for term limits.

© 2009 TRIBUNE MEDIA SERVICES, INC.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.