Once again Congress screws-up and attempts to cover their tracks by crying wolf!
Congress, the President, and Timothy Geithner all knew about the Bonuses at AIG! AIG contributed millions of dollars to Senator Dodd, President Obama, and many other members of congress during their respective campaigns for office.
The Congress (under Senator Dodds lead) puts a law into the spending bill that would protect the bonuses Pay-back for AIG's campaign support) Signed by the President!
Somehow... the word gets out about the bonuses and they all run for cover! Congress called in the CEO of AIG and treated him like a dog! Both President Obama and Timothy Geithner lie about when they actually knew about the bonuses. Obama, jumps on his plane and runs for cover in California! (His favorite trick; just cut and run; or throw someone under the bus)
Meanwhile... the public is mad as heck, they want blood and threaten AIG employees and their families!
If someone gets hurt... I hope someone brings charges against the members of Congress and the President! THEY CAUSED THIS PROBLEM!
The GOOD! Perhaps in the future, corporations will think twice before running to the Government for help.
Monday, March 23, 2009
Tuesday, March 17, 2009
Too Big to Fail... Is IAG?
"Too Big To Fail"
What a ironic idea that a company is to big to fail.
If that is really true... how big is too BIG?
If a company can actually become to big to fail should we not as tax-payers limit the size of a business? If in the long run we must use tax-dollars to bail out a failing company because it has become to large to fail; then should we limit the size of business?
NO! I believe in capitalism... if a company makes poor decisions and can not make a profit it should go into Bankruptcy for restructuring. Government Bailouts should never be an option!
So... should we require Ford to split into separate companies (Ford Cars, Ford Trucks, Lincoln, Mercury, and Volvo), General Motors into (Chevy, Pontiac, Buick, Saturn, GMC, Hummer, Cadillac, and Saab)?
I say NO! Government needs to keep its hands out of the PEOPLES business! If a company gets to big to fail then investors need to take this into consideration when investing!
So far we have pumped $170 Billion (taxpayer dollars) into IAG. So tell me what we have avoided... if the company would have been allowed to file Chapter 11 last fall the company would have been split up into profitable sections and failing sections and sold off or allowed to resume business! It would have cost investors some money; but hasn't it cost us all $170 Billion ($1500 per U.S. household not including the interest payments to come).
I believe our Government is playing Politics with our money! The politicians are totally in the pockets of BIG Business and the politicians are repaying BIG Business for their political support! IGA donating millions of dollars to political campaigns is like buying Insurance! (Now that is Ironic).
Until our Politicians and Business Leaders adopt the nine principles and 12 values that WE AMERICANS live by they will continue to make unethical decisions!
What a ironic idea that a company is to big to fail.
If that is really true... how big is too BIG?
If a company can actually become to big to fail should we not as tax-payers limit the size of a business? If in the long run we must use tax-dollars to bail out a failing company because it has become to large to fail; then should we limit the size of business?
NO! I believe in capitalism... if a company makes poor decisions and can not make a profit it should go into Bankruptcy for restructuring. Government Bailouts should never be an option!
So... should we require Ford to split into separate companies (Ford Cars, Ford Trucks, Lincoln, Mercury, and Volvo), General Motors into (Chevy, Pontiac, Buick, Saturn, GMC, Hummer, Cadillac, and Saab)?
I say NO! Government needs to keep its hands out of the PEOPLES business! If a company gets to big to fail then investors need to take this into consideration when investing!
So far we have pumped $170 Billion (taxpayer dollars) into IAG. So tell me what we have avoided... if the company would have been allowed to file Chapter 11 last fall the company would have been split up into profitable sections and failing sections and sold off or allowed to resume business! It would have cost investors some money; but hasn't it cost us all $170 Billion ($1500 per U.S. household not including the interest payments to come).
I believe our Government is playing Politics with our money! The politicians are totally in the pockets of BIG Business and the politicians are repaying BIG Business for their political support! IGA donating millions of dollars to political campaigns is like buying Insurance! (Now that is Ironic).
Until our Politicians and Business Leaders adopt the nine principles and 12 values that WE AMERICANS live by they will continue to make unethical decisions!
Wednesday, March 4, 2009
Hamas and our Tax Dollars...
Again, Obama and the Dems have no idea how the real world works. Obama gives hundreds of millions of dollars to rebuild the Gaza Strip following its destruction by Israel. Which Israel had every right to do in its defense.
So, Hamas will get millions of dollars.. (they are the ruling party) and they are going to rebuild homes and infrastructure in the Gaza Strip... right!
Obama, why not cut out the middle-men (Iran, Syria, North Korea and Russia) and just purchase AK-47's, rockets, bullets, mines, and heck why not throw in a couple of F-22's as well.
To think Hamas will use Americans Tax Dollars for rebuilding is just plain STUPID!
Obama... are you for real? Or, are you really an undercover Muslim trying to bring down Israel and the United States?
Looking at your actions to date... it seems you are not on our side! You have put the final spear into the heart of out economy, you have grown government at a pace never dreamed of, you have added millions to the welfare roles, you attack big business and the rich daily, your staff are all tax cheats, everything you said during your campaign have turned out to be lies(raising taxes, no earmarks, security, support for Israel, transparency, bi-partisanship), you have put us in so much debt that our children and grand-children will suffer... shall I go on?
Tell me where I am wrong!
So, Hamas will get millions of dollars.. (they are the ruling party) and they are going to rebuild homes and infrastructure in the Gaza Strip... right!
Obama, why not cut out the middle-men (Iran, Syria, North Korea and Russia) and just purchase AK-47's, rockets, bullets, mines, and heck why not throw in a couple of F-22's as well.
To think Hamas will use Americans Tax Dollars for rebuilding is just plain STUPID!
Obama... are you for real? Or, are you really an undercover Muslim trying to bring down Israel and the United States?
Looking at your actions to date... it seems you are not on our side! You have put the final spear into the heart of out economy, you have grown government at a pace never dreamed of, you have added millions to the welfare roles, you attack big business and the rich daily, your staff are all tax cheats, everything you said during your campaign have turned out to be lies(raising taxes, no earmarks, security, support for Israel, transparency, bi-partisanship), you have put us in so much debt that our children and grand-children will suffer... shall I go on?
Tell me where I am wrong!
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