To bitch about AIG using federal "bailout" money to meet its contractual obligations to its employees is to miss the point entirely. The problem isn't the bonuses...the problem is that the "bailout" (I use quotes because it's properly pronounced "nationalization") occurred at all.
But whatever. If it takes some stupid populist backlash against rich people getting paid by the taxpayers (just what the fuck did you think was going to happen when the government got in the business of owning banks, brokerages, and insurance companies anyway?) to pull Obama and the congress off the nationalization track, then I'm all for it.
Businesses need to be allowed to fail. It's part of the cycle.