Wall Street Bonuses, Wall Street Schmonuses

So, do you remember back in September when we gave the banks $700 Billion dollars because the banks were failing and it was the end of the world on Monday if we didn’t give them the money? Well apparently, some of those banks took some of our tax money we had given them and used it to pay billions and billions of dollars in bonuses.

As you can imagine, the Democrat party is using this as a massive distraction from the falling public support over the crap sandwich we like to call the Fiscal Suicide Act of 2009 outraged…

Senator Claire McCaskill rolled out legislation to put a compensation cap of $400,000 on executives whose firms receive bailout money. She also proposes creating a court to restrain their “massive self-indulgences.” The Senator from Missouri then spoke of “a bunch of idiots on Wall Street.” Insofar as the Congress is blithely waving more than $800 billion of cats-and-dogs “stimulus” spending into the air, the American people can be forgiven for asking who are the greater fools.

New York Attorney General Andrew Cuomo has begun a formal investigation into the bonuses and the negotiating details of Bank of America’s takeover of Merrill Lynch. In short, Mr. Cuomo is putting BofA head Ken Lewis and Merrill’s John Thain in the legal crosshairs. Watching this spectacle, Mr. Obama should consider that there may be a price for letting the populist flames burn out of control during a deep recession.

The Wall Street Journal also provided some additional facts you won’t hear from the democrat activists at NBC News or the New York Times, so the article is worth the read. Here’s my thing. I don’t do class warfare and could care less how much money you make, even if it is more than I make. If you’re making it legally selling a product or providing a service, I say good on you for that. It’s not really any of my business.

That said, when I give you $700,000,000,000.00 of my tax money to bailout you out after you fucked things up to a fair thee well, what you do with your money is my business, so I understand the public outrage. But let’s direct some of the outrage towards Congress for pushing this crap sandwich down out throats in the first place.

People are outraged that irresponsible bankers proceeded to act irresponsibly even after Congress gave them a Mulligan. I’m outraged over why we didn’t think of this before we gave them the money.

The fact that we didn’t is only one of the seven hundred BILLION reasons I was against the bailout in the first place.

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