Posts

Showing posts with the label AIG

The awesome power of our Federal government.

WASHINGTON – Acting swiftly, the Democratic-led House approved a bill Thursday to slap punishing taxes on big employee bonuses at firms bailed out by taxpayers. The bill would impose a 90 percent tax on bonuses given to employees with family incomes above $250,000 at American International Group and other companies that have received at least $5 billion in government bailout money. "We want our money back now for the taxpayers," House Speaker Nancy Pelosi said. And all over the country, millions of taxpayers are clapping their hands in childish glee. "Yeaaaaah - they're jamming it to them! Hooray!" Dumbasses. All this demonstrates is our Federal government wielding its power, and as it says in the Bible , you should be sore afraid. Why? Because if they can do it to a giant corporation like AIG, what's to stop them from doing it to you? Nothing, which is why you should be afraid. Essentially, the government is reneging on a deal. They gave AIG the money...

The barn door is closed.

Image
"Oh crap! I didn't mean ... wait ... I call 'do over'"! WASHINGTON – Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for "recklessness and greed" Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money. "How do they justify this outrage to the taxpayers who are keeping the company afloat?" Obama asked. "This isn't just a matter of dollars and cents. It's about our fundamental values." Um ... pardon me, but wasn't it recklessness that got AIG into this mess to begin with? How does he expect them to change their behavior merely because the government gave them a sack full of money? And while we're at it, what are those "fundamental values" of which you speak? Do you mean the fundamental value of taking responsibility for your actions or being held accountable for your mistakes? That's wha...