Why Are Democrats Faking on AIG Bonuses? It Hurts Their Evil-Rich Critique

Several talk show hosts (like Laura Ingraham) were exposing the faked Democratic ignorance of the AIG bonuses just like Chicago Tribune columnist John Kass did on Sunday:

What they're trying to drown out with all their screaming is that the Democrats knew all about the $165 million to the AIG suits. And the Obama White House knew all about it too.

In fact, it was a rather brave New York Democrat, Rep. Joseph Crowley, who asked Geithner about the AIG bonuses in a hearing before the House Ways and Means Committee. Not yesterday, or a couple days ago, but on March 3.

"Just last month," Crowley told Geithner, "AIG paid 343 employees of AIG FP—their Financial Products division that created the financial hole that AIG is in, and in turn a multibillion-dollar bill for American taxpayers—$56 million in bonuses and are slated to pay an additional $162 million in bonuses to 393 participants in the coming weeks," Crowley said.

"And there's more," Crowley said. "Further bonus payments totaling approximately $230 million are due to 407 participants at AIG's Financial Products division in March 2010. This makes no sense to my constituency."

Kass wrote the AIG bonuses present a real problem for the party of Hate the Rich:

But all this false congressional outrage and shrieking and fingerpointing should be understood for what it really is: Political buttocks-covering by Democrats who are worried about the 2010 elections, and afraid of losing their greatest symbolic weapon: The Evil Rich Guy.

That's another cartoon, like Mr. Burns on "The Simpsons," who steps on the backs of the humble working man. Now, though, the Democrats aren't fighting Mr. Burns, they're giving him a boost so he can step on our necks with a pair of snazzy AIG loafers.

Kass poked at the Washington reporters with the "tingles up their legs" to stop being enthralled and start being appalled at the Democratic charade.

(Hat tip: Dave B.)

Chicago Tribune
Tim Graham's picture