The Feds picked our pocket to bail out AIG, a company that used its collective I.Q. to lose billions of dollars, ostensibly threatening the U.S. economy unless it was bailed out. Well, apparently $85 billion wasn’t enough. Don’t close that wallet just yet.
It looks like the $85 billion was just a down payment, which has now swelled to $123 billion, and according to AIG, may rise even more. As if that kick in the teeth wasn’t enough, AIG won’t even say what they are doing with the money. Just wait for the quarterly report chump. It remains to be seen just what that report will contain, given that there are now questions about the accounting practices of AIG (you don’t say?).
It doesn’t end there. Now there are reports that some of the money (how much we obviously don’t know) is going for executive bonuses, dividend payments for shareholders, and other even more questionable activities.
And what did the Republicrat goofballs running for president have to say? Well, McCain was against the bailout (for AIG) before he was for it, and Obama-apparently voted present. If you’re voting for either one of these two snots-please don’t tell me.
What is our competent government going to do? Everybody is upset, everybody is pointing fingers, but what are they going to do? I don’t know, why don’t we ask the mental giant Senate Majority Leader Harry Reid?
[Senate Majority Leader Harry Reid — who also complained that he didn’t know a bailout of AIG was in the works — said Congress won’t change laws immediately to address the rapidly unfolding financial crisis because “no one knows what to do.”]
The next time you hear Fric and Frac tout some kind of economic plan, understand that neither one has any expertise in this area. You may as well vote for Joe the plumber…