Rewarding Incompetence

"Government does not solve problems, it subsidizes them" - Ronald Reagan

I couldn’t help but chuckle after watching Barney Frank rail against the executive bonuses at AIG as “rewarding incompetence”. Isn’t this one of the central themes of the Left? Propping up Unions, throwing money at decrepit school systems, allocating funds towards inefficient forms of energy, and re-electing Barney Frank are all tenets of the Democratic Party. He better make sure not to offend his base!

Haven’t they just unveiled a bailout plan for irresponsible homebuyers? Irresponsible mortgage defaulters and shady execs have one thing in common…..both are both prime examples of reckless greed. And, it seems as if they are killing 3 birds with one stone. Subsidizing failure, waging class warfare and a tearing down Capitalism.

It’s easy to turn Americans against Capitalism while highlighting the example of AIG. Just point out the wealthy jerks that got us in this mess, Nationalize the bank, and replace the execs with wealthy government jerks that got us in this mess!

Sad to hear people say, “Capitalism has failed”…yeah, take a little dip and it’s all over, huh? Well, guess what? Most of Europe’s economies are based upon a “Central Planning” Socialist model government. If their regulations are so tight, how were their financial systems allowed to collapse with ours? Guess their “government regulators” fell asleep, huh! Wonder if that will happen here?

The government gave bailout after bailout to AIG with no strings attached. What did they expect? An irresponsible company to, all of a sudden, begin acting responsible? That’s why I have a large problem with these bailouts in the first place.

Although I instinctively like the idea of “strings attached”, I know by doing so, you are allowing a subtle government takeover by those that pretend to have your best interests in mind, but instead, have failed far more miserably than AIG. The only relevant business experience Barney Frank has would be running a prostitution ring out of his home (look it up)!

I don’t have an answer here, but I find it aggravating to watch the White House condemn people like CNBC’s Rick Santelli for calling mortgage defaulters “losers”, while riding the easy wave of Populism and ridiculing AIG.

It’s the easy thing to do, takes zero courage, and is a quick way to the hearts of America….no different than Obama’s creative spending sprees! Ranting and raving is easy, but let's see how the American people react to Obama when they realize there is nothing the administration can do to stop it! More disappontment.....are we beginning to see a pattern here?