What I’ve been saying all along:
This whole AIG fiasco — where the entire political class is suddenly screaming over bonuses paid to derivative traders in AIG’s financial-products division — is just a complete farce. What it really shows is how the government has completely bungled the AIG takeover. Blame the Bush administration and the Obama administration. It also shows, once again, why the government shouldn’t run anything, because it cannot run anything.
Etc., by the eminent Kudlow, who speaks with authority, vs. me, who just speaks.
I agree with you up to a point. The Bush and Obama administrations are responsible for this injustice. But the fault isn’t with government itself. The fault is with the mistaken idea that a person outside of government is more responsible than a person inside government. As AIG more than amply shows that is simply not true.
http://culturalcapitol.com/2009/03/18/aig-steals-from-the-poor-and-gives-to-the-rich/
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