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Steve Moore on AIG ‘Looters’

I just talked with Steve Moore, the Club for Growth founder and current editorial page writer for The Wall Street Journal, to get a sense of how dedicated free market conservatives were reacting to Republican demands for the AIG bonuses to be clawed back.

“The government is going to get the money back,” said Moore. “I’m not sure how, because there are real constitutional problems with some things that are being talked about, like a punitive tax on the people who took this money. It might be taken through lawsuits.”

Moore did say that the AIG bonuses were undeserved. “How can you pay bonuses to employees of a company that lost $150 billion?” he asked. “They should have lost those bonuses based on their peformance. I don’t have problem with bonuses, and I don’t have a problem with high corporate salaries, but two groups of people have been looted here — the shareholders and the taxpayers.”

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