How American International Group (AIG) was thrown under the Bus...

Dear Airbourne In-forum Readers,

It has been a month since my last post. Society has yet again stirred the anger within me. I wanted to start a series of post on my blog (and I eventually will) that spoke towards the wisdom of Ronald Reagan, but before I can go ahead with that theme of post's I need to speak about AIG.

The other morning I woke up to a series of messages from colleagues that I often speak politics with, stating how much they hated AIG. At first I could not understand where this sudden deep hatred came from, then I turned on my PC. All over the news was talk about the bonus's being provided to those who worked within AIG. All over was talk about how angry the tax payer should be, that these "greedy morons" over at AIG should hang or be executed like it was the wild west.

I mean seriously?! At which point did this country allow people to be guilty until proven innocent? I thought it was supposed to be the other way around. For our very own President to call the company "reckless and greedy" before even having a full understanding of what is going on...well that is just not the true signs of a leader!!

This post is to just point out a few issue's with the story being presented to the "Tax Payer" just in case they care to even know. First off I want to point out to the people what is really going on here. The media and the white house is playing off your emotions. They know full well that most of you will not do the proper research to understand the truth. Someone very close to me said it best.

"The Obama administration is still on the campaign trail. They are doing whatever the people want them to do. They are saying whatever the people want to hear."
-unknown (to you) source

Well in an earlier post I basically stated that the presidents job is not to make the people happy by doing what they want, because the people don't always know what is best for them. The Presidents job is to be a rational thinker and do what is best for the people whether they smile about it or not. It's no longer a publicity stint. You got the job...now do what you were hired to do.

AIG made a promise to it's employees in 2008 (by promise...I mean a contract). A contract that in the simplest of forms, stated that if they did not leave AIG [for another competitor] they would be given a retention bonus. For those of you that don't know, AIG's Financial Products was meant to die [taken apart]. That means the positions were meant to die as well. What do most people do when they know they are meant to get laid off? Find another job. The contract was created to get people to stay until the end. It was a promise from the company to the people, that stated, for your time and trouble here you go [enter dollar figure here]. One of the things that is so beautiful about this country, is we uphold our contracts to our people. They are law. Unless of course your President Obama or the House. No, at that point you can pass a bill that goes around the law (the contract) and you create a tax that takes 90% of what they are promised [and can jokely state the other 10% will be taken by local and state government]. Then you allow the media to paint a picture of AIG's employee's...as if they were not human.

Do people forget that the people who work at AIG are human beings. Tax payers. They have families. There have been death threats to these people. People have come out right and asked for their execution. You may not take it serious...but it is very serious. Society has lost sight to what is really going on here.

Obama should have never come out and said anything remotely negative about this situation. If he wants to remove blame from the White house, that is fine. But to throw AIG under the bus is ridiculous. The people need to understand a few things. The people who work at AIG were promised compensation for staying with the company instead of leaving it in the dark. If all the employee's had left the Insurance Firm at once...the bail out money the government put into it would of been a waste anyways!

The next thing people need to understand is this. American International Group is what we call an Insurance organization. Just like if you were to get your home destroyed by a natural disaster, you would get money back. AIG is basically a second bail out for the banks. Why do you think the government couldnt let them fail. The bank bailout would have been worthless without saving AIG. AIG right now is just being used as a scape goat. They are not at fault for the money lost. As long as the banks are losing money AIG will be doing the same!

In fact, lets take this further. All of the tax payers out there complaining and stirring up the waters...I blame you. This is the chain of blame. I blame the people who took out loans that were more than they could afford. I blame the greedy bankers for providing the loans. I blame the government for telling the banks to do so. I blame everyone BUT American International Group (AIG). They simply did what they were supposed to do...insure the loans. AIG didn't tell you to default on your payments. They didn't tell you take more off the tree than you could eat. You did that on your own. Then you cried for a President who could be your hand puppet, and to top it all off, you forgot how to think like rational human beings!

It is our jobs to elect our politicians. It is our job to tell them when we are unhappy with the direction of the country. It is their job to uphold the law and do what is right for the country. No matter how you feel for AIG think about this. How would you feel, if your company made a contract with you promising you compensation for your troubles and a year later when they fullfilled their promise...your government snatched it away from you. No matter the circumstances...a contract is a contract. Death threats on fellow human beings is uncalled for! We are in America, not the middle east. You know what all this reminds me of?

Class warfare.

Is that where this country is at?

Do not let your politicans cloud your mind. AIG employee's are not to blame for all of this. The very CEO of AIG that is being attacked came out of retirement to help the company last November. He came out of retirement for a $1/annual salary. The people left at AIG may not all be good people but some are trying to help the company out...and here we are making them scared for their lives simply because of their position and the company they work for.

Think rationally. Think things through. Class warfare is just as bad as racial warfare.

Regards,
Jahrootz