AIG Bailed Out? Not Even Close

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

The World Of rjjrdq

This entry was posted in America, corruption, Finance, Greed, Money, Politics and tagged , , . Bookmark the permalink.

4 Responses to AIG Bailed Out? Not Even Close

  1. Read my response to your comments on my blog…

  2. constituentresponse says:

    It’s time to just start over. Throw them all out, Dems and Republicans alike. There isn’t an ounce of difference between them anymore anyway.

    Could the Libertarians or Greens really do any worse than this? It was the “crazy” libertarian Ron Paul who starting warning about this mess almost two years ago. Such a prophet would come in handy about now — if he were only on the ballot. Instead we have Tweedle Dee and Tweedle Dummer.

    We can start by voting “no” against incumbants who voted “yes” for the Bailout. Don’t know who they are? Check out Constituent Response’s Bailout Vote Map at .

  3. Pingback: The BoBo Carnival of Politics - November 1, 2008 Edition | The BoBo Files

  4. Pingback: The BoBo Carnival of Politics - November 2, 2008 Edition | Driving the Left Loony -The Bobo Files

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