Right to Opine

Maybe I misjudged the man. Consider his take on the AIG executive bonuses:

U.S. Treasury Secretary Timothy Geithner on Tuesday said taxpayer bailout recipient AIG would be forced to pay the government to compensate taxpayers for $165 million in employee bonuses as a condition for receiving a further $30 billion in government funds.

Let’s do the math. AIG pays the government back $165 million. The government gives AIG $30 billion. Sounds like a good deal to me.

Folks, we’re really screwed when the bright people Obama puts in his cabinet come up with stuff like this. Hold on. It’s going to be a rough ride.