October 8, 2008...7:30 pm

This Is Why The Whole Bailout Idea Sucks

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Because it involves bailing out people who haven’t done a damn thing to deserve it.

Less than a week after the federal government had to bail out American International Group Inc. (AIG), the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company’s meltdown said Tuesday.

The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

The retreat didn’t include anyone from the financial products division that nearly drove AIG under, but lawmakers were still enraged over thousands of dollars spent on catered banquets, golf outings and visits to the resort’s spa and salon for executives of AIG’s main U.S. life insurance subsidiary.

It’s been a while since I’ve had a spa vacation, maybe I should go on one and send the government the tab. After all, I didn’t contribute to the current financial meltdown, and I think that entitles me to a spa vacation.

And then we go and give another $37.8 billion to these assholes! Un-frickin’-believable.

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