Good news, everyone! Joe the Plumber has finally landed on his feet and got himself a real job.
Friday, February 28, 2014
So That's What Happened to Joe
Good news, everyone! Joe the Plumber has finally landed on his feet and got himself a real job.
Tuesday, March 17, 2009
Terrenoire Explains It All
Monday, March 16, 2009
Maybe Somebody Can Answer This Question For Me (UPDATED)
But I'm hearing things that suggest that at least some of these bonuses were already locked in contractually before the bailout was even requested. In other words, if AIG chose not to honor those contracts by paying bonuses already agreed on, they'd get sued--and lose.
Does anyone know if that's the case?
If so, then obviously, considering the performance of these executives, the contracts were bad bargains. Putting into an employment contract, 'you get a bonus, no matter what,' is, no doubt, a bad deal. But "we made a bad deal" has never been an defense for simply not paying.
But if we demand as a cost of the bailout that the company spend attorney fees defending a contract claim that AIG'S going to lose and end up paying anyway (with interest), doesn't that seem like a worse deal?
Now, demanding as a cost of the bailout that these idiots get shitcanned, given their agreed-on bonuses and escorted off the property by security with the contents of their desk drawers in a little box...THAT I could get behind without reservation. Demanding as a condition of the bailout that all future compensation be tied to actual performance benchmarks, definitely.
But the Feds coming in and saying "previous contracts are null and void...." Hmmm. Don't know if we want to go there.
UPDATE: an interesting proposal, via BoingBoing:
Congress, as usual, is merely whining. Here's what it might do: Enact legislation that imposes a 100 percent income tax on bonuses or whatever the financial wizards want to call them at the companies receiving our tax dollars for their, and the economy's, survival.
Sunday, December 28, 2008
2009: The Year in Preview
I think we can all agree that this has been a year that won't look any better in retrospect than it did the first go-round. So, once again, we bring you 2009: the Year in PREview:
JANUARY: President Barack Obama is sworn in with his hand on the same Bible Lincoln used at his first inauguration. He has a Christian, anti-gay-rights minister give the invocation and a Christian minister giving the benediction. He invokes God multiple times during his speech. Right-wing bloggers and pundits insist this just proves that Obama is, in their words, "A Muslim. Or an agnostic. Or something. We're not really sure what, but we know it's something really bad.
Maybe he's a Goth. Yeah, that's it. A Goth."
FEBRUARY: Two weeks after the inauguration, Fox News airs the first of a 470-part series of reports (hosted by theoretically Democratic Senator Joe Lieberman) on "the Failed Obama Administration." The first one is entitled, "So Where's That Economic Turnaround, Mr. Smart Guy? Huh? HUH?" A motion at a Democratic Party meeting to censure Lieberman is voted down because, as Majority Leader Harry Reid says, "we're a big-tent party that encourages different viewpoints, even unfair and stupid ones."
MARCH: President Obama states that he does not intend to investigate or prosecute alleged war crimes by Bush administration officials who authorized the torture of detainees. "We believe," he states, "in looking forward, not looking back." O.J. Simpson immediately files an appeal of his armed robbery conviction under the new legal theory of "Hey, let's not dwell on the past."
APRIL: Hollywood is shocked when insanely maternal actress Angelina Jolie and husband Brad Pitt accidentally adopt a Japanese Little League team while passing through the Los Angeles Airport.MAY: The Obama family, fully settled into the White House, adopts a dog, a male sheepdog they call Rags. Hard-core Hillary Clinton supporters declare the choice of a male dog "a slap in the face to hard-working females everywhere and proof of Obama's sexism and misogyny," while the Republican National Committee immediately files suit to force the disclosure of the dog's AKC papers. When the White House announces that Rags is not registered with the AKC, Fox News begins a nightly series of investigative reports on "Rags-Gate: What Is Obama Hiding?"
JUNE: The Big Three automakers return to Congress to ask for another $75 billion in loans. When asked what they'd done with the previous money allocated to them by President Bush, Chrysler's CEO Bob Nardelli looks at the ground sullenly, shuffles his feet and mutters, "I don't know. Stuff." GM CEO Rick Wagoner holds up a crayon drawing of an electric car he claims they're designing. Unfortunately, after being questioned more closely, Wagoner admits that car's electric engine has to be charged by a generator that runs on gasoline. "Clearly," Tennessee Sen. Bob Corker claims, "this is entirely the fault of the United Auto Workers." The automobile industry is saved at the 11th hour when Brad Pitt and Angelina Jolie adopt Nardelli, Wagoner, and the entire United Auto Workers.
JULY: A total eclipse of the sun causes right-wing bloggers and pundits to claim that the Obama administration is a "complete and dismal failure." "If we had only elected John McCain," theoretically Democratic Sen. Joe Lieberman states while guest-hosting the Rush Limbaugh radio show, "the Moon Dragon would never have dared to eat the Sun."
AUGUST: Several banks and Wall Street investment firms return to Congress, also demanding additional bailout money. "It's those danged autoworkers, ya know?" one hedge fund manager shrugs.
SEPTEMBER: Hollywood paparazzi appear before Congress and request a $10 billion bailout, claiming that their business has been thrown into turmoil due to the lack of crazy antics by pop singer Britney Spears. "She hasn't shaved her head, dropped her kid, or attacked a car in months," dejected photog Guido Kleinmann tells a Senate subcommittee. "We're dyin' out here. Also, autoworkers." A compromise is reached when Congress agrees to fly drug-addled UK pop star Amy Winehouse to L.A.
OCTOBER: Theoretically Democratic Sen. Joe Lieberman disrupts a presidential address to Congress by throwing a spear at the podium while President Obama is speaking. Senate Democrats vote down a measure to have Lieberman stripped of his committee chairmanships while in federal custody because, in the words of nominal Majority Leader Harry Reid, "Hey. What can I say? We're chumps."
NOVEMBER: President Obama, following the tradition of presidents before him, pardons the White House turkey. Congressional Republicans immediately demand an FBI investigations into whether the pardon was politically motivated, while Rush Limbaugh, through a mouthful of his special-recipe oyster and Oxycontin stuffing, lambastes Obama as a "phony" for eating Thanksgiving dinner anyway.
DECEMBER: Just in time for Christmas, Sarah Palin releases her political manifesto, "I Betcha You Think You're Pretty Doggone Smart, Doncha?" In what her literary agent (Joe Lieberman) calls a display of her "authorly maverickness," the book contains no actual words, just pictures, crude cartoons, and the occasional pop-up page.
Here's to the passing of a kidney stone of a year! May 2009 be better all around.
Monday, September 29, 2008
Bailout Plan Tanks Because House Republicans Get They Widdle Feewings Hurt (UPDATED)
The bickering over the vote began immediately with Republicans alleging that a speech by House Speaker Nancy Pelosi blaming the crisis on the policies of the Bush administration prompted wavering Republicans to vote against the bill.
"We could have gotten there today had it not been for this partisan speech by the speaker on the floor of the House," said Rep. John Boehner, R-Ohio, the House minority leader. He said Pelosi's speech "poisoned" efforts to get Republicans to back the bill.
Note well what' s being said here. According to their own leader, House Republicans whose support of this bill was necessary for its passage voted against it, not because it was bad for the country (which it very well may be) but because they got mad at something Nancy Pelosi said about them.
That's real leadership, right there. When are they going to get some damn grownups in charge?
UPDATE: Thank you Barney Frank:
"Well if that stopped people from voting, then shame on them," he said. "If people's feelings were hurt because of a speech and that led them to vote differently than what they thought the national interest (requires), then they really don't belong here. They're not tough enough."
UPDATE AGAIN-BARNEY RULEZ:
But think about this. Somebody hurt my feelings, so I will punish the country. That’s hardly plausible. And there are 12 Republican members who were ready to stand up for the economic interest of America, but not if anybody insulted them.
I’ll make an offer. Give me those 12 people’s names and I will go talk uncharacteristically nicely to them and tell them what wonderful people they are and maybe they’ll now think about the country.