Letter: Is outrage over AIG just a distraction?

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March 29, 2009 12:02:00 AM

As far as I have been able to learn, the AIG employees who earned the vilified bonuses entered into perfectly legal employment contracts and earned the money fairly.

The fact that the new majority owners (the U.S. government) do not like the contracts that were executed before they purchased their stock is irrelevant. If the government can make the lawful actions of this small group of citizens illegal after the fact and tax (confiscate) the compensation, what is to stop it from doing the same thing to teachers in Yuba City or nurses in Marysville?

If you say it can’t happen here, reread the history of Germany during the period 1930 - 1935. Another question: Is the outrage by our politicians deliberately intended to distract attention from their own blame for the AIG mess?

Sam Johnson
Yuba City

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