A couple brief political rants
George Bush was misguided, incompetent, and a disaster for America. But he deserves at least a small amount of credit for peacefully and lawfully handing over power to the opposing party. A lot of people thought Obama would be assassinated. Compare to Chavez or Putin (let alone Mugabe or Saddam), and Bush looks pretty good. He might well be the worst American president, but he's by no means the worst person in the world.
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I think the solution to the AIG bonus problem is fewer carrots and more sticks. Instead of offering these executives bonus pay for untangling their own mess, we should be threatening to confiscate everything they own if they *don't* manage to fix it. If you receive a government bailout, your own wealth should be held as collateral if you fail to do what you promised.
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I think the solution to the AIG bonus problem is fewer carrots and more sticks. Instead of offering these executives bonus pay for untangling their own mess, we should be threatening to confiscate everything they own if they *don't* manage to fix it. If you receive a government bailout, your own wealth should be held as collateral if you fail to do what you promised.
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