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What was supposed to be legal lynching of AIG's Edward Liddy turns into huge defeat for Congress
New York Daily News ^ | March 18, 2009 | Michael Goodwin

Posted on 03/19/2009 4:06:19 AM PDT by Zakeet

We have met the enemy and it's the people who represent us. The blowhards and buffoons in Congress proved again Wednesday they are worse than useless.

Ronald Reagan's famous line that "government is the problem" kept going through my head as the AIG hearing demonstrated the dangers of Washington's role in the economy. The very people, Republicans and Democrats alike, who can't balance America's budget now claim the expertise to run banks, insurance companies and automakers.

If we let them, we're dumber than they are.

What was supposed to be a legal lynching of AIG boss Edward Liddy over the firm's bonus plan turned into a humiliating defeat for the lynch mob. Liddy came off as a smart straight shooter, a man who gave up retirement for $1 a year to rescue AIG so it wouldn't bring down the financial system.

He also proved himself a cut above those who aimed to make cheap headlines at his expense. I'd pay to see him question Congress on its role in the economic mess.

(Excerpt) Read more at nydailynews.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 111th; aig; bailout; bho44; congress; edwardliddy; porkulus
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Liddy stands head and shoulders above those in Washington who follow no star except merciless ambition -- which isn't saying much.

1 posted on 03/19/2009 4:06:19 AM PDT by Zakeet
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To: Zakeet

You need to apologize. To the Three Stooges.


2 posted on 03/19/2009 4:08:39 AM PDT by Past Your Eyes (Some people are too stupid to be ashamed.)
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To: Zakeet
Now we just need to keep rubbing their noses in it...I'm starting to see some fear in Pelosi...she's going to have to give up that jet next time ‘round....
3 posted on 03/19/2009 4:17:49 AM PDT by rightwingextremist1776
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To: rightwingextremist1776

Will they work for a dollar a year?


4 posted on 03/19/2009 4:19:50 AM PDT by scooby321
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To: Zakeet

“Dewey, Cheatem & Howe” ?


5 posted on 03/19/2009 4:19:52 AM PDT by LRS (Just contracts; just laws; just a constitution...)
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To: Past Your Eyes

One of the more hideous things I’ve heard in recent memory was Tuesday’s live C-SPAN broadcast of Harry Reid complaingin and expressing his “revulsion” about AIG bonuses.

Is this not the same Harry Reid who has signed off on $1.4 TRILLION in Socialist handouts and BILLION$$$ in Democrat earmarks in recent weeks!?!?!?!?

What qualifies Harry Reid to run any kind of international business enterprise?


6 posted on 03/19/2009 4:22:32 AM PDT by angkor
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To: Zakeet

I was disgusted and appalled to hear that Liddy’s people were receiving death threats and to see Frank’s complete obliviousness to the danger. I can’t believe the American people are so stupid as to complain about $165 million but say nothing about the $11 trillion being taken them.


7 posted on 03/19/2009 4:22:46 AM PDT by rabidralph
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To: Zakeet

Is Obama going to return the $100K plus bonus he got from AIG?


8 posted on 03/19/2009 4:26:04 AM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: Zakeet

Goodwin says it all in a short read. People we need to do something, hell anything. These corrupt clowns are going to bring this country to ruin.

It is hard to watch this corruption run amok and figure that they will have no punishment for their actions.

What I fear the most is a terror attack. This administration would make a disaster worse.

Imagine them being in charge of our healthcare. What an ominous thought.


9 posted on 03/19/2009 4:27:20 AM PDT by dforest
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To: rabidralph

Yes, they are that stupid. How do you think we got the TOTUS as POTUS?


10 posted on 03/19/2009 4:28:29 AM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: Zakeet
I am usually appalled by Barney Frank just on general principles, but his performance this week was very illustrative of why power is best kept out of the hands of people who have a personal axe to grind with the rest of the human race. I sat there listening to Edward Liddy, hoping that he would ask the Lavender Inquisitor if he had "no shame" (or at least tell him to go to Hell... which he kinda, sorta started to do).

Frank's bellowing left schmutz on everyone within hearing.

Mr. niteowl77

11 posted on 03/19/2009 4:30:57 AM PDT by niteowl77 (You wanted him, and now you have got him. I say, "Good day to you," America.)
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To: Zakeet
I think the Obama circus just ruined any future “stimulus” they might try to push through.
12 posted on 03/19/2009 4:31:15 AM PDT by tobyhill ("Hope and Change" is so overrated!)
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To: indylindy
Sleep well.... Not to worry. This is what we have at the TOP of our government taking care of us 24/7......


13 posted on 03/19/2009 4:32:38 AM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: LRS

Don’t forget “Begg, Borrow and Steele”.


14 posted on 03/19/2009 4:33:21 AM PDT by Bosco (Remember how you felt on September 11?)
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To: indylindy

“What I fear the most is a terror attack. This administration would make a disaster worse.”

The terror attack is from within. It is happening now.


15 posted on 03/19/2009 4:34:34 AM PDT by Gatún(CraigIsaMangoTreeLawyer)
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To: Zakeet

For AIG’s part, they have just discovered the price of taking government money. If you take the king’s shilling, you take the king’s orders.


16 posted on 03/19/2009 4:35:47 AM PDT by Daveinyork
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To: Evil Slayer

On a similar note, is there any outrage over the (can not even begin to estimate) but we will call it gobzillions of dollars, that has been paid in the past, lets just say forty years, in fraudulent welfare, social security, disability, and unemployment to people who live off the backs of hard working people? How many big screen tvs, cars, drugs, alcohol, and stereos have been purchased by AIG execs for these people? Were there any restrictions placed on what they could do with their “bailout funds?”


17 posted on 03/19/2009 4:36:10 AM PDT by Toespi
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To: Zakeet

Does Mr. Goodwin have a foot taster?


18 posted on 03/19/2009 4:36:30 AM PDT by Carley (President Obama Dropped a MOAB on America)
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To: Gatún(CraigIsaMangoTreeLawyer)

Team Obama is doing to this country what the terrorist started on 9/11. This country is being taken over from within. That way the terrorist won’t have to dirty it up with radiation or bio fallout. They can just walk in and assume command along side their leader Hussein.


19 posted on 03/19/2009 4:37:12 AM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: Carley

Dick Morris?


20 posted on 03/19/2009 4:40:07 AM PDT by John W
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