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.

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