Wednesday, March 18, 2009

Maureen Dowd is Wrong

Barack is Right:

Everybody yelling about the AIG bonus bailout can be put in one of two camps.

A. Contracts are contracts. OR B. Obama should have nixed the bonuses before giving them the money.

Both camps are wrong. The stock market was still steadily tanking when WE gave AIG their last bucket of dough. It was no time to argue, the bottom might have dropped out.

By waiting until now to pick up the fight over the bonuses Obama avoided the stock plunge while still positioning himself as a people's champion. He has now forced the far right, Limbaugh, Hannity, Boortz, CNBC etc. to show their true colors by defending the bonuses as valid and legal.

That's 'have your cake and eat it too' politics.

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