“Shit, if this is gonna be that kind of party, I’m gonna stick my dick in the mashed potatoes” – cred

With all of the hubbub over AIG’s executive pay, you’d think the dipshits at CNN and in the media would at least have half a brain to stop and think about what they are reporting. Then again, it’s all being fed by dipshits in Congress.

The money quote of the day:

“Schumer: AIG employees should return bonuses or face high tax”

I don’t know about Schumer, but the last time I looked at my bonus check, withholding was running me around 40% on bonus monies. So for all of the wanton raving and frothing and foaming at the mouth, the government is going to get most of this money back – just not in the way it expected. Of course, a $600k after-tax bonus would be nice in my bank account. Then again, I don’t really want to pay that person’s tax bill.

So I’m guessing the bullshit on Capitol Hill will only get deeper as they rush to pass yet-another-dumb-stupid-stupid-stupid law that will have even more dire consequences than the prior law. Unfortunately, Congress is going to have to really cross the line on this one by singling out a single company.

The only thing that pisses me off even more is those who support these maniacal bailouts. You have absolutely no reason to expect an idealistic outcome when reality (and a ton of real coo-coo for coco-puffs libertarians) told you the outcome was going to be bad. Economics 101 people. Come on.