Huge Bonuses for Government Executives with Dismal Performance Records | Godfather Politics

Huge Bonuses for Government Executives with Dismal Performance Records | Godfather Politics.

A little less than two years ago, Obama, still in his self-confident propaganda mood, commented on the lavish bonuses that Wall Street banks were giving their own executives. The bonuses were “obscene,” Obama said, and therefore there was a need for a tax on banks. “We want our money back,” said Obama, meaning, of course, he wanted the Federal government to take for itself the money that the banks had taken from their clients and the Federal Reserve. He didn’t mean, of course, that the money will be returned to those that worked hard for them; God forbid that an avowed socialist would return tax money to the tax-payers. The banks’ bonuses were used only as another propaganda line for promoting more socialism.

This last week, it became known, Obama’s own administration approved $13 million for the executives of Fannie Mae and Freddie Mac as “performance bonuses.”