April 7, 2009

Liberty Or A Bailout? You Can’t Have Both

by MsUnderestimated — Categories: Cartoons, Common Sense, Defeatocrats, Don'tcha Just Love It?, Government Spending, Humor, Just Plain Fun, Liberal Bed-Wetters, Obama, Socialism, Telling It Like it Is, This Is Getting Scary, War on Freedom, We The People, Welfare Society — Tags: , , , , , , , , , — 6 Comments

The latest entry from my favorite political cartoonist, Michael Ramirez, of Investor’s Business Daily. His newest editorial cartoon says succinctly what these times are telling us: you can either get government money, or you can have freedom – but you can’t have both.

Me? I choose freedom.

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  • Kevin

    “Give me the liberty to keep my slaves and continue conquering Indian territory.”

    Sorry, I know you're a heroine and a patriot, but I don't think government can be reduced to a simple dichotomy. That was tried during World War II, and all that happened was America did not know how to deal with Liberalism in the 1960s. Better to have declared all forms of Socialism godless.

    Once you've let the freedom genie out of the bottle, how do you stop the declaration of a “right to privacy”.

    • http://MsUnderestimated.com MsUnderestimated

      Relax, Kevin… it's a cartoon. You can hardly tell a long story in one panel. ;-)

      • Kevin

        Good point.

        That was a good posting on Gary Sinise on “The View”, by the way. He was much too gentlemanly for those “ladies”.

  • Champ

    Actually, “economic freedom” has placed so many restrictions on share holder rights that you can have both a bail out and freedom.
    ——
    We’re Not the Boss of A.I.G.
    By CARL ICAHN
    Published: March 28, 2009
    BARNEY FRANK, the Massachusetts Democrat who heads the House Financial Services Committee, recently said that the government should sue American International Group to recover the $165 million in bonuses it paid to executives in its financial products division. “We own this company, in effect,” Mr. Frank said, referring to the government’s 80 percent stake. “As the owners of the company, we do not think we should be paying bonuses or should have paid bonuses to people who made mistakes, who were incompetent.”

    Sadly, though, under American corporate law share ownership does not count for much. Mr. Frank might be surprised to learn that a lawsuit would have almost no chance of success in court, even for a majority shareholder like the government. A.I.G. would most likely argue that the oft-cited “business judgment” rule gives management wide latitude to set compensation without shareholder interference. What the government should have gotten was board representation in return for its large investment in A.I.G.

  • Champ

    Actually, “economic freedom” has placed so many restrictions on share holder rights that you can have both a bail out and freedom.
    ——
    We’re Not the Boss of A.I.G.
    By CARL ICAHN
    Published: March 28, 2009
    BARNEY FRANK, the Massachusetts Democrat who heads the House Financial Services Committee, recently said that the government should sue American International Group to recover the $165 million in bonuses it paid to executives in its financial products division. “We own this company, in effect,” Mr. Frank said, referring to the government’s 80 percent stake. “As the owners of the company, we do not think we should be paying bonuses or should have paid bonuses to people who made mistakes, who were incompetent.”

    Sadly, though, under American corporate law share ownership does not count for much. Mr. Frank might be surprised to learn that a lawsuit would have almost no chance of success in court, even for a majority shareholder like the government. A.I.G. would most likely argue that the oft-cited “business judgment” rule gives management wide latitude to set compensation without shareholder interference. What the government should have gotten was board representation in return for its large investment in A.I.G.

  • Champ

    Actually, “economic freedom” has placed so many restrictions on share holder rights that you can have both a bail out and freedom.
    ——
    We’re Not the Boss of A.I.G.
    By CARL ICAHN
    Published: March 28, 2009
    BARNEY FRANK, the Massachusetts Democrat who heads the House Financial Services Committee, recently said that the government should sue American International Group to recover the $165 million in bonuses it paid to executives in its financial products division. “We own this company, in effect,” Mr. Frank said, referring to the government’s 80 percent stake. “As the owners of the company, we do not think we should be paying bonuses or should have paid bonuses to people who made mistakes, who were incompetent.”

    Sadly, though, under American corporate law share ownership does not count for much. Mr. Frank might be surprised to learn that a lawsuit would have almost no chance of success in court, even for a majority shareholder like the government. A.I.G. would most likely argue that the oft-cited “business judgment” rule gives management wide latitude to set compensation without shareholder interference. What the government should have gotten was board representation in return for its large investment in A.I.G.

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