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Administration Of False Alternatives |
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Written by Bob Sordahl
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Sunday, 29 March 2009 |
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The Obama Presidency is not yet three months old, and already it is characterizing itself as an administration of false alternatives. The fallacy of false alternatives is an approach to problems that insists upon a single minded solution, ignoring the fact that many other possibilities may be available and may in fact, be more effective. Time and time again as our Country takes on crisis after crisis (real or manufactured), this administration has brought forward agenda driven schemes and presented them to the public while asserting that the only other alternative is to “do nothing”.
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AIG Update |
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Written by Bob Sordahl
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Wednesday, 25 March 2009 |
In my post "AIG Bonuses Must Stand", I named Chris Dodd as the person largely responsible for the ability of AIG to grant large bonuses in spite of the fact that they were the recipient of Government money. I stand corrected. New information indicates that Dodd had tried to stop the bonuses, but was forced to alter his amendment under pressure from the Obama administration. Factcheck.org explained it this way:
As we explained last week, an amendment introduced by Sen. Chris Dodd and passed by voice vote in the Senate called for any institution that still needed to pay back money issued under the Troubled Assets Relief Program to be prohibited from paying "any bonus, retention award, or incentive compensation" to at least the top 25 employees on the payroll. That became part of the Senate version of the massive stimulus bill. But in February, the administration expressed concern that banks would be reluctant to accept help under those rules, and Dodd's amendment was watered down substantially by Democratic lawmakers who drafted a Senate-House compromise version of the stimulus package. Last week, Treasury Secretary Timothy Geithner said that his department thought the Dodd prohibition wouldn’t withstand legal challenges. Dodd has said he reluctantly went along with a weaker ban as part of the final legislation, which instead stipulated that bonuses could be issued if they were part of contracts signed before Feb. 11. So, is the administration outraged by the bonuses, or by the fact that they were found out?
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Congress And Class Warfare |
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Written by Bob Sordahl
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Saturday, 21 March 2009 |
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People, this is dangerous and scary. Congress and the Obama administration in their attempt to misdirect our attention from what is really going on, are instead fueling and inciting the genesis of class warfare in this Country. The AIG bonus debacle has exploded in the face of Congress, and everyone there who voted to pass the stimulus bill which specifically allowed the bonuses, is falling all over themselves in the interest of personal political damage control.
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AIG Bonuses Must Stand |
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Written by Bob Sordahl
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Wednesday, 18 March 2009 |
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Do we allow AIG to pay multi-million dollar bonuses to their executives, even after the Government has bailed the company out? I suppose that depends upon whether or not we believe in the rule of law. If so, then a contract is inviolable, and as long as the terms and requirements of the contracts have been fulfilled, then yes absolutely!
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