Monday, March 16, 2009

Today I agree with President Obama.

Apparently since AIG is using "his" money to give a few of their executives bonuses, he is "outraged" (see March 16 headlines CNN), and justly so. There is definitely a right to anger when most people are barely making it, and a few chubby (just an assumption) execs decide to give themselves rewards.

Here is where I need to point out something we may not notice from general media coverage of Obama's reaction. He is angry because someone used his government handout in a way that bothered him. And you can bet there will be future accounts of this sort of thing happening anywhere he gave money. But I become extremely wary of a president who acts like Santa Claus and then gets angry when the children don't play right.

I understand there should be regulation somewhere, but my first impulse would be to regulate the reckless gift-giving so the children don't become dependent and spoiled. The problem with government cleaning up mess after mess is simply that-- the government will have to keep stepping in. If money is divvied to irresponsible people (and there's really no telling who the responsible ones are), then the government will feel responsible to create regulations to curb spending and create pay caps again and again. The cycle won't stop, and there will be too many regulations to continue with any kind of free enterprise. Stifling enterprise will certainly do nothing for stimulation.

So be careful. Be very, very careful when you get angry at rich executives and their selfish spending, because you're the next recipient of the spending bill, and your money will also be monitored. Let's hope it's still okay for you to decide how to spend it.

No comments: