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Monday, March 23, 2009

The Big Rippoff

People in the US and around the world should be mad a hell. AIG and most of the big banks are ripping us off. Through bad management, stupid decisions and greed these wizards of finance have managed to gut our 401s/403s and the like. Apparently that is not enough as the robber barons have determined these institutions are too big to fail.
The US taxpayer must bail them out. IE..Privatize profits and Socialize the loses..

The fundamentals of the argument wanting to bailout these failing companies is absurd. Absurd is the twisted logic behind paying bonuses to people for doing a piss poor job.
Do they really need to be told that you don't get rewarded for derailing the stock market and nearly destroying the company you work for?

The people that caused these financial problems should not be your first choice when putting together an administration. Obama needs a wake up call.
His 'team' is full of bad choices.
Tim Geithner and Larry Summers are as bad as Hank Paulson. These appointments are part of a bigger problem in Washington. You don't put the fox in charge of the henhouse.
Just how stupid do you have to be to think guys like these are going to do anything to CORRECT the problem?
They are from Wall Street and part of the reason we have a problem.

And what's with these people and paying taxes?
Do you want people like Daschle and Geithner on the 'team' who either are dishonest or incompetent?
And then there is the 13 firms receiving bailouts that owe $220 million in federal taxes.
They are supposed to sign contracts stating they have no unpaid taxes but the House Ways and Means still has to go behind them and check the tax records because you have already seen how they do business.

Part of the problem with Obama's team is that it is more like 'Team Clinton' and that is NOT who we elected. Rahm Emanuel is good example of a another Clinton 'tool'. He was an investment banker and a head fundraiser for Clinton.

Obama had selected Charles Freeman to chair the National Intelligence Council and he would have been a damn good one to bring the voice of reason in the unholy alliance we have with Israel. But no, we can't have a reasonable person that might actually criticize Israel.
As you know AIPAC writes foreign policy when it comes to Israel and the 'tools' loyal to Israel above all else like Rahm, Liebeman and Schumer can't allow any critical dialogue.
As a result Mr. Freeman decided to decline.



***Another good article from Kevin Phillips...
It's guys like Kevin Phillips that Obama should be reaching out to. Phillips was on Bill Moyers Journal last year and Bill commented that Phillips was one of the few who was ahead of the curve and warned of problems on Wall Street.

AIG is a black hole..
"American International Group Inc.’s government bailout package is valued at US$182.5-billion, according to Congressional auditors, almost US$10-billion more than previous estimates."

It seems crazy and overwhelming to throw all this money at the banks and again to throw it at AIG who insured the bad loans, toxic assets, derivatives, whatever you call them.
It just seems like we are being charged twice and ripped off.

In many cases the so-called front page news served up by the MSM is just a clever distraction to make you forget about something else or the bigger picture. When you think about money and budgets it is important to remember what we spend (throw away) on the war in Iraq and Afghanistan, the Pentagon (and all their secret opperations) and the Military Industrial Complex (IE... weapons develpoment, maintaining military bases and outposts around the world).
Sometimes when I start to think about all this stuff, the hair stands up on the back of my neck.
Am I paranoid or what?

Comments:
Paranoid? Not sure. I did read that AIG is the insurer for congressional and senate retirement plans. Perhaps. Then again, if our elected officials have Social Security to look forward to instead of their private government funded pension plan, they would surely have found a way to make it work a long time ago. my opnion
 
Good point.. Most of our representatives seem to be disconnected from reality. These 'lifers' need some term limits. After years in office with all the perks (IE..total health care) they forget what it's like to have to provide for yourself.
 
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