How can you say aig is a poorly run business?

In an effort to keep himself from fading into well-deserved oblivion, Robert Reich, (Secretary of Labor under former B.O., Slick Willie Clinton), has posted his take on the AIG mess for Huffington Post.com. Reich says, that "The real scandal of AIG isn't just that American taxpayers have so far committed $170 billion to the giant insurer because it is thought to be too big to fail - It's that even at this late date, even in a new administration dedicated to doing it all differently, Americans still have so little say over what is happening with our money. The administration is said to have been outraged when it heard of the bonus plan last week." The operative phrase in that quote is "is said to be."

Obviously, not even Reich is buying the phoniness behind this whole aig deal. Bozo One campaigned on bringing "transparency" to government. Alright, in this case we got transparency—and what did we find? Connecticut Senator Chris Dodd (who has become one of the "usual suspects" in these matters), was the one who put the language into the aig bail out deal guaranteeing that the retention bonuses in question be paid (CNBC now reports that Dodd was asked to add that language by administration officials). Dodd then pretends to be "outraged" when the bonuses were paid, according to something he put in the deal. Why? Cause he got caught, that's why. Back in CT, Dodd is in big trouble. He needs cash if he want to stay in congress—and who do you suppose gave him a huge chunk of that needed cash? BINGO! A.I.G. - $103,900 to Dodd, $104,332 to Barack Obama. In total, A.I.G. contributed almost $650,000 to candidates during the 2008 cycle. In return they have received $170 billion. How can you possibly say that a company that can turn a $650,000 into $170 BILLION doesn't know how to make a profit. Looks to me like they got it all figured out :)

RELATED: Congressman Tom Price (R-GA) issued the following statement in response to reports of more reckless acts by taxpayer bailout recipient AIG. The beleaguered financial services company has decided to use $165 million, out of the roughly $170 billion they have received, on employee bonuses and retention pay.

“The circus at AIG should remind everyone that taxpayers should not be dragged into the dealings of reckless private companies,” said Congressman Price. “The bonus money distributed by AIG is indefensible, yet we must not lose perspective that taxpayers are unnecessarily on the hook for over one thousand times the amount paid out this week. As the Obama administration moves to recoup the bonuses, they ought to develop an exit strategy to get back the other $170 billion taxpayers have sacrificed. While Democrats continue to talk about new rounds of stimulus and bailouts, the American people know we must find an exit strategy from these corporate handouts. It is my hope that this episode will mark the beginning of a new era in which Washington respects hard-earned tax dollars instead of throwing more good money after bad.”