Sunday, March 22, 2009

Bonus mess reflects poorly on all involved

It wasn't supposed to turn out that way, but the AIG bonus situation is turning out to taint everybody who even sticks his hand into the jar. Obama jumped in with pandering, but several observers are now saying that part of the fallout will include making things even more difficult than expected when it comes either to gettingn his budget passed or getting further stimulus packages approved. This Register editorial mentions a few who came off stinking like week-old fish, and how they deserved opprobrium.

It's still a bit mysterious to me why this particular set of bonuses, admittedly hardly typical corporate practice, set off such a firestorm. I suspect there's something kinda cumulative going on. People have been having second thoughts about the whole magilla -- bailouts, pork spending called stimulus, baigger spending yet, failure to get serious about the bank crisis -- and were just ready to explode in disapproval. Not that there's anything wrong with that.

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