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Monday, March 16, 2009
Rich Galen :: Townhall.com Columnist
Taxpayer Retention Bonus
by Rich Galen
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Poll
Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


Why is it that, once again, the American taxpayer is paying for the rest of the world's bad decisions.

Got attacked by Germany? Surrendered? No problem, American taxpayers will pay to build enough military equipment and go into harm's way themselves to get you your country back.

Got defeated in a world war? Well, never mind. American taxpayers will pay to rebuild your country after we beat you in a war that you started.

Got involved in some really shady financial dealings like credit default swaps with a group of slick haired, French-cuffed, Italian shoed, monogrammed-shirted, bonus-sucking thugs from AIG? There, there. Not to worry. Step right on over to the third window on the left and pick up your $90 Billion courtesy of American taxpayers.

How is it that someone like, say, Treasury Secretary Timothy Geithner (who was the President of the New York Federal Reserve Bank before he joined the Obama Administration) didn't know anything about any of this until last week?

Geithner didn't come to Treasury from being a teller at a local bank in Naperville, Illinois. He was the PRESIDENT OF THE NEW YORK FED. What the hell was he doing up there?

We know he wasn't doing his taxes. In fact, Geithner went to great lengths NOT to be an American taxpayer.

Here's a good idea: Instead of continuing to pick the pockets of American taxpayers, how about extending the tax cuts which are due to expire next year?

Call it a Taxpayer Retention Bonus.

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About The Author

Rich Galen has been a press secretary to Dan Quayle and Newt Gingrich. Rich Galen currently works as a journalist and writes at Mullings.com

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(14 comments so Far)
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Reply # 1
Date: Mar 18, 2009 - 2:53 AM EST
They knew
SomeONE knew what AIG was going to do with the bailout money. They knew there would be a backlash. And now gov'ment can step in and fix everything? Talk about a manufactured crisis. It's bad enough already, we dont need more government intervention. Let those businesses fail and someone else will come along, pick up the pieces and get it back on track. Let the market do its thang.

Or, maybe I am being too cynical.
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Reply # 2
Date: Mar 17, 2009 - 1:27 PM EST
Barney Frank, Chris Dodd, and Teddy faul
The orgin of the "financial crisis" was Barney Frank, Chris Dodd, Teddy Kennedy and other liberal Democrats passing legislation under Bill Clinton that FORCED banks to offer sub-prime loans to urban deadbeats. Then they expanded the programs, just as Bush and McCain introduced legistation to curtail the lunacy.

When will the American public know the real cause of our "financial crisis"?
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