Posted on 03/17/2009 10:59:13 AM PDT by Sasparilla
The federal government has known for at least a year that 155 million dollars would need to be paid out to AIG executives in March of this year. Yet, government officials, including Barack Obama, have reacted with mock surprise and contrived indignation. Obama and his government cronies said that they would do everything possible to prevent the payment. However, in a classic Obama example of trying to un-ring the bell, the only way he can act was after the payments were already made.
Why don't we each tell the IRS, run by the tax evader and deer in the headlights in chief, Tim Geithner, that we will each happily pay them $1,500.00 if they will just pay us each $300,000.00 in return. This is a formula that even the most lightweight socialist would delight in. We could make the wealthy pay for it. What an economic stimulus that would be.
He has said that he would hold up an additional 30 billion dollars slated to go to AIG until the 155 million dollars was repaid to taxpayers.
155 million for 30 billion costs AIG 1/2 of one percent outlay, for a gain of 29 billion 845 million dollars. That's not a bad day's work, is it? Its a good trade off for a democrat party led government, a party that where the greater the failure, the higher the reward in the party for the person who failed.
Obama just doesn't understand business or economics, and his vapid threat proves the fact once again. Can you think of a any business or business person who would turn down a deal like that. paying 155 million for 30 billion dollars in return is an offer even the godfather couldn't refuse. Its a protection racket in reverse.
(Excerpt) Read more at secondamendmentfreedom.blogspot.com ...
Silly goose, Trix are for kids, or politicians.
Don’t want no stinkin’ bailout!
Festivus will be next. No need to worry!
AIG must not have enough liberal executives. We have heard nothing about the salaries of the liberal executives of Fannie and Freddie, or of their direct contributions to the mortgage crisis.
I have been laid off roughly since obama took office. Should i quit paying my mortgage and bills out of my savings ?
Should i collect unemployment ? I'm 54 , been in construction all my life and this is the worst I have seen < I have never collected unemployment
When will the government start bailing out student loans!?
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