Peddling "rage"

The “outrage” over the AIG bonuses is a smoke screen of the highest order - a veritable “hey, look over there!” by our esteemed leaders. Congress and this Administration now profess shock, dismay and indignation over the handing out of these bonuses – bonuses that they knew were in place and contractually- obligated last fall before any bailout money was even in place.

We’re wondering where this “outrage” was when people like Franklin Raines and Jamie Gorelick (the Zelig of turn-of-the-century man-made disasters) were receiving million dollar bonuses as they ran Fannie Mae into the ground?

And with respect to those lawmakers who defend their earmarks as being a mere fraction of the overall amount of the latest spending bill but throw grandstanding temper tantrums about the AIG bonuses: Are not these million dollar bonuses mere fractions of the billions that are being spent on the myriad of bailout packages approved by Congress and the President?

That this Congress and this Administration express “outrage” over anybody’s malfeasance and incompetence takes the definition of “irony” to an entirely higher level.

Just as the “Rush-as-face-of-Republican-Party” story started losing its legs with Big Media, this came along at just the right time.

But, that’s not even really the worst of it. KT has more, here.