Sunday, March 22, 2009

Why Half the Story?

AP via Yahoo News tells part of the story:

FAIRFIELD, Conn. – A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a massive federal bailout.

About 40 protesters sought to urge AIG executives who received a portion of the $165 million in bonuses to do more to help families.

"We think $165 million could be used in a more appropriate way to keep people in their homes, create more jobs and health care," said Emeline Bravo-Blackport, a gardener.

No word on if they're going to protest Obama's income from the latest book; couldn't that money be better spent buying infant formula, for the children?

But that's not the interesting bit. Sure, they're just wackos-on-a-bus, but look whose wackos they are:
NEW YORK (Reuters) - A small political party angry at bonuses paid to staff of bailed out insurance giant American International Group is organizing a bus tour to the Connecticut homes of several AIG executives.

"We're all mad at AIG," the Connecticut Working Families Party, a small liberal party, said on its Web site, inviting people to sign up for its "Lifestyles of the Rich and Infamous" bus tour and a rally at the company's Wilton, Connecticut, headquarters, on Saturday.

And who are the Working Families Party? The Wiki say:
New York's Working Families Party was first organized in 1998 by a coalition of labor unions, ACORN and other community organizations, members of the now-inactive national New Party, and a variety of public interest groups. The party blends a culture of political organizing with unionism, 1960s idealism, and tactical pragmatism.

ACORN? You mean Obama's ACORN? So, just to be clear, Obama's Geithner instructed Dodd, (rightly, by the way) to be sure that the AIG bonuses were paid. Then, (a shocked, shocked!) Obama showed his indignation that the bonuses were paid. Then Obama's ACORN handed the torches out to the angry villagers?

Then Obama announces:
The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.

The outlines of the plan are expected to be unveiled this week in preparation for President Barack Obama's first foreign summit meeting in early April.

Increasing oversight of executive pay has been under consideration for some time, but the decision was made in recent days as public fury over bonuses has spilled into the regulatory effort.

So the outrage Obama engineered has forced him to institute government control of executive pay.

Is Obama creating American Kulaks?

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