AIG,  Barack Obama,  William Kristol

Why the GOP Should Take the Lead Against the AIG Bonus Babies

March 16, 2009 /

Bill Kristol explains why.

Can capitalism survive the behavior of some capitalists? It’s always been an open question. But if capitalism is to survive, shouldn’t the Republican party, the party that defends democratic capitalism, be particularly vehement in denouncing its excesses? Isn’t this a pretty spectacular one? And isn’t this a moment for the GOP to separate itself from the Bush administration as well as the Obama administration, who together have been responsible for an incompetent and improvident bailout? Figuring out the right policy going forward with respect to toxic assets and the rest is, of course, a major intellectual task. But being on the side of a healthy populist reaction to the AIG situation is at least a good political start.

And, note: President Obama just denounced AIG in a morning event.

And, from the GOP – CRICKETS.

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3 Comments

  • Danielle

    March 16, 2009 at 10:34 am

    While I think ALL government officials should take a stand against this. This video has opinions from various sources saying what Obama could have/should have/would have done (http://tinyurl.com/de9p94), but what is important is action now. It would be beneficial to the GOP to take a stand. Instead of just sitting around complaining about the stimulus plan or what they don’t like about Obama, which obviously hasn’t been working for them, perhaps it’s time for a new target. And the morons over at AIG sound like perfect candidates to fill this void.

  • Thomas Rebel

    March 16, 2009 at 11:00 am

    This is a good example of the mindset that has damaged and corrupted the Republican Party for many years.. You focus on party politics and tiny little issues and let the big issues go unnoticed while you quietly support them..

    This issue is the bailouts and stimulis bills in the first place. We are talking TRILLIONS of $$$$. Focus on that!! But you probably supported Bush’s Bad Banker Bailout Bill!! Now you want to yelp about a few million $.