I'm sure you have all heard the latest coming from the bottomless pit called AIG. They say that they are contractually bound to pay out $165 million worth of bonuses. This after they've received $175 billion from US taxpayers to keep from going bankrupt. Larry Summers, the head of the White House Economic Council, today on This Week with George Stephanopoulous, said there is nothing the government can do that we live in a country of laws and we must respect contracts. That's rich coming from an administration that is giving bankruptcy court judges the ability to SHRED MORTGAGE CONTRACTS FOR PEOPLE WHO WERE IRRESPONSIBLE!
Lately the Democrats are painting the Republicans as the party of NO and of Obstruction, but the Democrats now seem like they are the party of big irresponsible business and tax cheats and people who bit off more than they could chew by buying houses that they couldn't afford. I'm proud to be a Republican and say NO to the excesses of the Obama panel of cronies.
Here We Go Again ...
3 years ago
Of course everyone concerned knew about these bonuses...many since last year when the first GIFT to AIG was arranged. We are being lyed to from the top on down. This drop in a bucket is a smoke screen, so watch your back. If your government thinks it can break these contracts, what else will it think it can do? Think about it!
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