Some AIG thoughts

by Rocket Finance


Does it bother anyone else that Congress gave $180 billion of your money to American International Group and now they are all upset about how AIG spent less than 1/10th of one percent of that money?

Why are Americans angry that AIG executives received the bonuses that were included in their contracts, yet we seem to care less that Congress has spent $1.3 trillion of our money since October?

I think the AIG executives should be rewarded for convincing Congress to give their failing company $180 billion. Didn’t they just raise a huge amount of capital for their employer? Isn’t that their job?

President Barack Obama was the recipient of over $100,000 from AIG while he was a U.S. Senator. I guess their investment paid off, didn’t it?

Does this AIG flap seem like a smoke screen? Was the administration trying to distract us from a poor presidential appearance on the Jay Leno Show? Or is our government following rule #8 from Saul Alinsky’s Rules for Radicals?

Are there any Obamaniacs out there who are sick of being played yet?

The bottom line:

Our government should not be in the business of bailing out any business. We must stop giving our government the ability to interfere in private businesses. How a private company spends it’s money is no one’s business except for that business’ employees and shareholders.

  1. 5 Responses to “Some AIG thoughts”

  2. By PT Money on Mar 25, 2009 | Reply

    I agree that this is the correct way to look at it. Giving money to the govt is the problem.

    I can see why a lot of Americans don’t see it this way though. They’ve been reduced to this. The govt has created a society of dependants. There’s an expectation for the govt to fix things now. Not just defense and basic regulation, but in every aspect of our lives. The govt should step in and fix it.

    I say, how about fixing your own problems?!?! Pull your freakin’ bootstraps up like I do everyday and improve your life. Don’t count on me, or anyone else. Just do it.

    The govt needs to be there for the kids and the little old ladies, that’s it. Everyone else needs to step up. No more freakin’ excuses for needing a freakin’ helping hand for your irresponsible lives.

    Can it ever be turned around? Can we ever revert back to a govt that provided for the common good only on a limited basis? I wish we could, but I don’t see it happening.

    By the way, we’re also still the most giving Nation in the world, by far. Even though we’re taxed at the levels we’re at we’re still giving and providing. I think that says something about the American people: that there is hope for a turn around.

    Great post, rocket. Thanks for letting me rant.

  3. By rocketc on Mar 25, 2009 | Reply

    Thanks for stopping by. This is the place!

  4. By rocketc on Mar 25, 2009 | Reply

    By the way, I am more than willing to help anyone to the best of my ability. Anyone who asks me directly, person to person.

    I think that goes for PT and most people who believe that government is not the answer.

  5. By BobV on Mar 26, 2009 | Reply

    Great post! It’s incredible that the government did not check about the bonuses before handing over the money. First, we seem to be a nation that doesn’t care about our word since everyone seems to be breaking contracts. Second, I am sure that these people who got the bonuses would have been more then happy to renegotiate their contracts if they know that AIG doesn’t get one red cent unless they do.

  6. By Odnal on Mar 29, 2009 | Reply

    > How a private company spends it’s money is no one’s business except for that business’ employees and shareholders.

    Unfortunately, the federal government is actually one of the largest shareholders in these mega-banks now.

    It is hard for me to believe that we got to this point. However, this concept of government control versus individual freedom is hardly new — it has been going on for centuries (millennia even). I believe it tends to move from one extreme to another, and back again.

    I hope we are nearing that turning point where it starts to swing back in the other direction. And hopefully it doesn’t take anything as drastic as the American Revolution to get it turned back around.

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