{"id":31939,"date":"2009-03-16T01:01:01","date_gmt":"2011-05-19T02:40:04","guid":{"rendered":""},"modified":"2011-05-19T02:40:04","modified_gmt":"2011-05-19T02:40:04","slug":"one_more_try_on_aig_bonuses","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/","title":{"rendered":"One More Try on AIG Bonuses"},"content":{"rendered":"
\n

RUSH: All right, I\u2019m going to try one more time on these bonuses. Now, I know, I know this. I\u2019m going to make an argument, I want to make a point about this founded totally in logic. My logic is irrefutable. I am right in what I\u2019m going to say. Ninety-nine percent of you are going to think I\u2019m wrong. Ninety-nine, maybe 95% of you are going to think I\u2019ve lost it or you\u2019re going to think that I\u2019ve got some ulterior motive for saying what I\u2019m saying, and in a few months, weeks, maybe years, something will happen to you, and you\u2019ll say, ‘Gosh, you know, Rush was right a month or year or so ago.\u2019 I realize here that what I\u2019m going to say, you know, logic and common sense are in short supply in much of our country today since we thrive and live on emotions. About these AIG bonuses — by the way, welcome back, I am Rush Limbaugh, America\u2019s Real Anchorman, the truth detector, and the Doctor of Democracy. A highly trained broadcast specialist, don\u2019t try this at home or even in a karaoke bar. Well, the great make it look easy. There he goes, there he goes, a pompous braggart. Telephone number is 800-282-2882, the e-mail address, ElRushbo@eibnet.com. <\/p>\n

After I give you the irrefutable logic on the AIG bonuses, I then want to talk to you about Nathan<\/a>. I wish I still had Nathan on the phone. Nathan said he wants to earn $250,000 a year, but he\u2019s so caught up in what the AIG bonus people are getting that he thinks that money is not theirs, should come back to taxpayers, so forth and so on. I want to tell you how people get paid in this country. But before we get to that, AIG bonuses. I know the argument. The argument is that we need to get the bonus money back from the schlubs because these are the people who ran the company into the ground, and so they\u2019re supposed to have more sensitivity to the use of taxpayer money in the form of bailouts. These are the people that ran AIG into the ground, and so… what? Let me try it this way. AIG, think of them just as an insurance company here, maybe they dabble in some other investment products that they sell and make themselves, but it has been determined by the powers that be that AIG is too big to fail, if AIG fails, we\u2019ve got problems out the wazoo. So the decision was made to keep AIG running. AIG was given money, federal money, taxpayer money to stay in business, which means to keep doing what they were doing. ‘No Rush, no, no, they had to change.\u2019 No, nobody told them they had to change. <\/p>\n

The money was given with no strings, folks. The money was given. There was no accountability to any of this TARP money, to any of these banks or companies that got bailed out, none. So somebody from on high decides we want AIG to keep operating. What do they do? Well, they sell stuff. They sell insurance. They sell who knows what else. Now, all of a sudden after we have made the decision that it would be calamitous for them to fail so we have to keep them in business, we have to keep them doing what they were doing. ‘No, Rush, no. What they were doing led them to being bailed out.\u2019 No, folks. If what they were doing caused them to fail, we should have let them fail. If they were behaving so badly, if they were so incompetent that they were running their business into the ground, we shoulda let them run it into the ground, closed the door, shut down, fire everybody, lay everybody off, and move on. We didn\u2019t do that. We said, ‘We want you guys hanging around. We want you guys in business. We want you guys doing what you\u2019re doing.\u2019 They said, ‘Okay,\u2019 put their hands out, took $173 billion. At that point, it\u2019s over. We have made the decision to keep \u2019em in business. That means they should do what they do.<\/p>\n

In this case, they have employees and they pay those employees according to contracts. These contracts stipulate bonuses for certain performance criteria that are met. So now all of a sudden, after deciding that AIG is too big to fail, it\u2019s got to stay in business. We give them the money to stay in business, then when they do what they do, all of a sudden there\u2019s hell to pay? Forget the emotion here. Forget the sentimentality. They\u2019re supposed to be sensitive and to understand it\u2019s taxpayer money. What are they supposed to do with it? If they don\u2019t use the money to operate as they were, are they supposed to sit on the money? Are they supposed to write checks to us? Are they just a clearinghouse to give money back to us? We keep saying it\u2019s our money that bailed \u2019em out, and it is, but what are they supposed to do, give it back to us? In which case if they do they\u2019re not going to have any, in which case, they can\u2019t stay in business. So the decision was made by the powers that be, AIG has to stay in business. Then when they do what they do everybody gets their underwear in a wad. <\/p>\n

Now, I don\u2019t expect very many of you to agree with me on this. It would be no different than if we bail out McDonald\u2019s. Are they supposed to stop selling Big Macs after we bail \u2019em out? Or are they supposed to give away Chicken McNuggets? If we bail out McDonald\u2019s, what are they supposed to do? We want them to stay in business, want them to sell Big Macs, make \u2019em and sell \u2019em, give \u2019em away, whatever. And what happens if McDonald\u2019s gives some people raises? Forget the dollars involved. What if McDonald\u2019s gave some people some bonuses? Are we going to demand the money back? ‘Rush, you\u2019re missing the point. McDonald\u2019s was not in trouble.\u2019 I know. But it\u2019s the same principle involved. If we want a company to stay in business doing what it\u2019s doing, and we give them the money because if they fail it\u2019s calamitous, then why the hell are we complaining and griping about what they do? We\u2019ve just made the decision we want them to keep doing it. I\u2019m talking about the government. The government is out there berating, Andrew Cuomo subpoenaing all these names. This is ridiculous here. <\/p>\n

Either let \u2019em fail \u2019cause they\u2019re running a rotten business, or admit that after we bail \u2019em out they\u2019re going to be who they are. And while you\u2019re thinking about this $165 million dollars in bonuses, don\u2019t forget the $93 billion, over half of what they got, that they gave to other banks, mostly in Europe. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: John in Milford, Michigan. Hi. Welcome to the EIB Network. Hello.<\/p>\n

CALLER: Mr. Limbaugh.<\/p>\n

RUSH: Yes, sir.<\/p>\n

CALLER: My question is about insurance as an institution or a business, or whatever it is, in general and how it ever came into being to begin with.<\/p>\n

RUSH: Well, now, I know that. I actually know the history of insurance. I\u2019m having a mental block on how it came about. It came about because of the market, people wanted to insure themselves against loss. Insurance right now is one of these things you almost have to buy it, I mean the government forces you to have car insurance.<\/p>\n

CALLER: That\u2019s my question. I\u2019m not sure how such a concept could even be — you know, you mentioned a Bugs Bunny cartoon or a Warner Brothers cartoon earlier, and it reminded me of another one. I don\u2019t know if you\u2019ve ever seen the one with Daffy Duck as an insurance salesman trying to sell Porky Pig a policy. It\u2019s funnier than anything, but those were made in the forties, and I began to think, how long has this been going on?<\/p>\n

RUSH: Insurance has been around since biblical times.<\/p>\n

CALLER: Indeed.<\/p>\n

RUSH: Yeah.<\/p>\n

CALLER: No matter how I look at it —<\/p>\n

RUSH: I know what you\u2019re thinking. You gotta buy car insurance. Then you have an accident, and you file a claim, then they pay it, then they\u2019ll cancel you, you\u2019ve got no insurance. Your house burns down, somehow it\u2019s your fault, they pay it, maybe third of it, and then they cancel you. You think it\u2019s a racket, what do they do with all the money? They don\u2019t have all the money that they\u2019re insuring all people. That\u2019s why they have to make investments with the money that you pay them. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: All right, I\u2019m going to try one more time on these bonuses. Now, I know, I know this. I\u2019m going to make an argument, I want to make a point about this founded totally in logic. My logic is irrefutable. I am right in what I\u2019m going to say. Ninety-nine percent of you are […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nOne More Try on AIG Bonuses - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"One More Try on AIG Bonuses - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: All right, I\u2019m going to try one more time on these bonuses. Now, I know, I know this. I\u2019m going to make an argument, I want to make a point about this founded totally in logic. My logic is irrefutable. I am right in what I\u2019m going to say. Ninety-nine percent of you are […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125111.Par.89380.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/www.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125111.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125111.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/\",\"name\":\"One More Try on AIG Bonuses - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#primaryimage\"},\"datePublished\":\"2011-05-19T02:40:04+00:00\",\"dateModified\":\"2011-05-19T02:40:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One More Try on AIG Bonuses\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"One More Try on AIG Bonuses - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/","twitter_card":"summary","twitter_title":"One More Try on AIG Bonuses - The Rush Limbaugh Show","twitter_description":"RUSH: All right, I\u2019m going to try one more time on these bonuses. Now, I know, I know this. I\u2019m going to make an argument, I want to make a point about this founded totally in logic. My logic is irrefutable. I am right in what I\u2019m going to say. Ninety-nine percent of you are […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125111.Par.89380.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.rushlimbaugh.com\/#website","url":"https:\/\/www.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125111.Par.89380.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125111.Par.89380.ImageFile.jpg"},{"@type":"WebPage","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#webpage","url":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/","name":"One More Try on AIG Bonuses - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#primaryimage"},"datePublished":"2011-05-19T02:40:04+00:00","dateModified":"2011-05-19T02:40:04+00:00","author":{"@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/16\/one_more_try_on_aig_bonuses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"One More Try on AIG Bonuses"}]},{"@type":"Person","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/www.rushlimbaugh.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/31939"}],"collection":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/comments?post=31939"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/31939\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=31939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=31939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=31939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}