Yep, this is what happens when government starts getting involved in free markets.
I’m not making a jab at either party but this is a prime example of why bail-outs, socialized government programs, wellfare and re-distributive plans do not work: it’s not a party thing, it’s a government thing.
McCain was right when he said the fundamentals of the economy are strong. The problem was people don’t understand enough about ecomonics to know what he was saying.
The U.S. is now in some $200-billion plus dollars* to keep bailing water out of this Titanic, at this point all the lifeboats have had time to be launched, it’s time to accept the loss of the ship.
* Speaking of how much we’ve spent to save this “multi-national company” who’s failure would cripple economies around the world, where’s the matching funds from some of those countries?
If they are losing money at a rate of $20,000,000,000.00 a month (yes that is correct folks! $60,000,000,000.00 in 90 days.
Everybody needs to WAKE UP. We are spending ridiculous sums to bouy a sinking ship that simply cannot be bouyed. AIG’s quarterly loss amounts to over $450,000 PER MINUTE.
Half a million dollars, every single minute of every single day.
Why again are we making such a substantial “investment” in this garbage? Someone tell me why we are any better off than simply printing another $30,000,000,000 and then setting it on fire?
“A $30 billion equity commitment from the U.S. government that AIG can draw on as needed.”
So basically the money was gone before news hit the press, and there’s nothing any of us can do about it. “As needed.” That phrase absolutely kills me!
Can anyone confirm, or deny the rumor that A.I.G. is the guarantor of the federal legislators pension program, and that is why they are throwing so many dollars down this hole?
Yep, this is what happens when government starts getting involved in free markets.
I’m not making a jab at either party but this is a prime example of why bail-outs, socialized government programs, wellfare and re-distributive plans do not work: it’s not a party thing, it’s a government thing.
McCain was right when he said the fundamentals of the economy are strong. The problem was people don’t understand enough about ecomonics to know what he was saying.
The U.S. is now in some $200-billion plus dollars* to keep bailing water out of this Titanic, at this point all the lifeboats have had time to be launched, it’s time to accept the loss of the ship.
* Speaking of how much we’ve spent to save this “multi-national company” who’s failure would cripple economies around the world, where’s the matching funds from some of those countries?
If they are losing money at a rate of $20,000,000,000.00 a month (yes that is correct folks! $60,000,000,000.00 in 90 days.
Everybody needs to WAKE UP. We are spending ridiculous sums to bouy a sinking ship that simply cannot be bouyed. AIG’s quarterly loss amounts to over $450,000 PER MINUTE.
Half a million dollars, every single minute of every single day.
Why again are we making such a substantial “investment” in this garbage? Someone tell me why we are any better off than simply printing another $30,000,000,000 and then setting it on fire?
Comrade, welcome to the new world order. Dasvidaniya Freedom.
Yes it does.
Harvey Harvey Harvey….excuse me..I want to drive
The night is darkest just before the dawn…I promise you, the dawn is coming.
You are a white man…I can tell.
The $150B we gave them already had to go somewhere. You would think that somewhere, there would be a segment of the economy that is flush with cash.
Oh yeah, the executives…….
Careful what you say Al, we will have to cite you for discrimination.
“A $30 billion equity commitment from the U.S. government that AIG can draw on as needed.”
So basically the money was gone before news hit the press, and there’s nothing any of us can do about it. “As needed.” That phrase absolutely kills me!
Can anyone confirm, or deny the rumor that A.I.G. is the guarantor of the federal legislators pension program, and that is why they are throwing so many dollars down this hole?
False.
http://www.snopes.com/politics/business/aig.asp
First stop should ALWAYS be Snopes when you’re checking on a rumor.