In a sign that the economic stimulus may be beginning to work, AIG executives who have received multimillion-dollar bonuses in recent days now say they are upbeat about the national economy.
"I was definitely feeling negative about the economy last year, when I lost the company billions of dollars and all," says Josh Harbock, an AIG executive who just cashed a seven-figure bonus check. "But now I'm starting to feel like things are beginning to turn a corner."
Mr. Harbock says that his consumer confidence has also taken a positive turn since receiving his bonus check, which totaled $5.4 million.
"I was tightening my belt the last few months, but now I think I'm going to buy a house in the Hamptons," he says.
But even though Mr. Harbock believes that the stimulus package has succeeded in sparking the economy, he feels that a second stimulus may be needed.
"Let's face it, my bonus check is not going to last forever," he says. "And frankly, I'd like to buy a boat." More here.
Andy Borowitz is a comedian and the author of "Who Moved My Soap? The CEO's Guide to Surviving in Prison: The Bernie Madoff Edition."