AIG Outrage: The Obama Administration Should Look in The Mirror

Why Now is the time to consider owning gold

Target of AIG Outrage Misplaced, Hypocritical

It is hard to overstate the degree of hypocrisy, incompetence, ignorance and dishonesty on display by Congress, President Teleprompter and his administration as they attempt to rip the very heart out of capitalism. Nothing could stand as a bigger testament to this fact than the manufactured finger wagging occurring over the AIG retention bonuses.

To put it mildly these public servants are lying to the American people. If Congress is successful in using the U.S. tax system as a weapon to inflict punitive damages on private citizens in order to cover up their own incompetence they will undermine the very system that separates our country from those of Venezuela, Cuba and China. It is an attack on capitalism as well as an attack on the rule of law.

No doubt they think that you are stupid. While they were pretending to express outrage over the AIG bonuses it was learned that AIG was essentially used as a clearinghouse for U.S. taxpayer money as Congress allowed AIG to ship billions of bailout dollars to foreign banks. Where’s the outrage? If they wanted to send our taxpayer funds overseas they should have done it with transparency.

Or better yet, why the outrage over less than 1/10th of 1% that was part of the hundreds of billions in bailout money; less than 1/10th of 1%?

Q. Why no outrage over the unaccounted for bailout funds or the fact that this administration completely mismanaged this whole debacle?

A. They need to use manufactured outrage to stir the emotions of anti-capitalist fools so they can quickly divert from the fact that they caused this whole mess in the first place.

But it gets worse, as if quietly shipping Billions of U.S. taxpayer money to foreign banks isn’t enough we learned that AIG doled out almost $1 MILLION DOLLARS IN POLITICAL DONATIONS to Democrats and Republicans alike in 2008 even after it was learned by Congress that AIG was falling apart. Add insult to injury; guess who were the largest recipients of this money. Not too hard to figure out, Mr. Countrywide, Christopher Dodd and Mr. Teleprompter, Barack Hussein Obama.

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Newsday reported:

President Barack Obama wants to block the bonuses at AIG, even though he ranked second in AIG largesse during last year’s election with $101,332, just behind the $103,100 for Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, according to the campaign watchdog.

Who else benefited? ABC News follows up:

AIG executives gave more than $630,000 during the 2008 political cycle even as the company was falling apart

According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September. The company has since received a total of $170 billion in taxpayer cash to prevent its collapse.

Here’s the list of top AIG recipients for the 2008 campaign:
1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000

Keep this in mind as you watch these weasels investigate others for their own misgivings. If you ask me the wrong people are being investigated.

As always Tuesday brings us a new contest. Please enjoy the latest round of Weasel Watchers as submitted by our esteemed Watchers Council.

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  1. “…why the outrage over less than 1/10th of 1% that was part of the hundreds of billions in bailout money…”

    Funny you should ask that, because less than 1/10th of 1% is also how much of the recent omnibus spending bill was earmarks. Yet I see that you never wrote a blog entry asking why Republicans were stirring up such outrage over *that* amount of the hundreds of billions in *that* bill.

    Seems that it would have deserved at least a short gasp of outrage, particularly seeing as how the earmarks came from Republican as well as Democratic politicians. But then, that particular piece of news didn’t fit your pre-determined ideological agenda, so why should it be surprising?

    It’s all so funny, because centrist votes like mine are the ones that are always up for grabs, every election, and yet whether it’s Pelosi courting illegal aliens or Limbaugh spouting his drivel, the loudest voices on both sides spend all of their time trying to motivate the handfuls of Americans who would support them no matter what.

    That’s why Republicans lost big in 2008: because they were too hypocritically preachy and ridiculous, not because they weren’t conservative enough.

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  2. jsamans said – Funny you should ask that, because less than 1/10th of 1% is also how much of the recent omnibus spending bill was earmarks. Yet I see that you never wrote a blog entry asking why Republicans were stirring up such outrage over *that* amount of the hundreds of billions in *that* bill.

    Funny you should bring that up. Besides breaking a campaign promise to eliminate earmarks Obama passed them with a wink and a nod. The equivalent of GH Bush’s “read my lips, no new taxes” promise. Approx 60% of the earmarks were Democrat based and 40% of them Republican. And what was the justification? Note that most of the Obama cheerleaders in the mainstream media defended Obama using the administration’s talking points about them being less than 2% of the total omnibus. Suddenly this 0.1% looks foolish.

    I think the Repubs are asses for putting in the earmarks but sadly this isn’t a daily blog so I don’t cover every topic but the Watcher’s Council members are very heavy with daily posts.

    You will note that I include both Republicans and Democrats in the post concerning AIG contributions. The Democrats not only knew about them they approved them.

    Republican’s lost in 2008 because they turned their backs on their base and thus the American people. McCain sucked, what can we say? But I sense the tide will turn eventually; especially considering that today marks the first time in 6 years that Republicans pulled ahead of Democrats in the Rasmussen generic poll:(a great indicator that the Dems are falling out of favor quickly)

    Support for the Democratic Congressional candidates fell to a new low over the past week, allowing the GOP to move slightly head for the first time in recent years in the Generic Congressional Ballot.

    The latest Rasmussen Reports national telephone survey found that 41% said they would vote for their district’s Republican candidate while 39% would choose the Democrat.

    Investors now favor Republicans by a 46% to 36% margin, while non-investors would vote Democratic by a 45% to 33% margin.

    I appreciate you taking the time to comment and hope to see you back in the future! The Watcher

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