Popeye

This smoke and mirrors thing the Congress is doing - pretending to be experiencing outrage over the $165 million paid to AIG executives - is very troubling. What's it all about? Does Congress think we'll believe that all of this was a surprise to them? that it knew nothing about it? Why has Congress adopted mob tactics? Does it really think we'll think they are on the side of the citizens by going after this money? Does it think it can get away with throwing the Constitution, Bill of Rights and Contract Law into the dumper?
Many in Congress admitted that they didn't read the legislation.
It is beside the point that all of the members who voted for the legislation at the behest of Congressional and Presidential administration goon leadership, not knowing what they were voting for, should be tossed out for malfeasance and failure to do the work of representing the people. In fact they didn't have to read the entire bill to know that the AIG execs were going to get bonuses. The provision was made in the form of an amendment presented by Senator Christopher Dodd who says he was approached by an administration official to do it. (First he denied responsibility, then admitted responsibility, refused to name the administration official and then said it was Geithner.) (What a trustworthy guy!!! Just another example that the old adage "There is no honor among thieves" still describes the activity of the thieves.) Amendments are reviewed in detail and advertized to Congress to prevent contradictions. On top of that, AIG made no secret whatsoever of the intention to pay the bonuses given that it was contractually obligated to do so.
And there's more - and this is what it's really all about
$105.3 billion of the $180.0 billion given to AIG went to bail out foreign banks (Societe Generale of France, Deutsche Bank of Germany and Barclay's of the UK) and other domestic entities. Was our future tax money used to bail out foreign banks that made their own AIG-type mistakes and should have been bailed out by their own people (assuming that their people, already saddled with paying for the socialism they live under, had anything left to pay in taxes anyway)? Or did AIG make so many egregious mistakes that it dragged those foreign banks and domestic entities along with it without their complicity? In any case, is/was AIG worth saving?
So Congress turns into a mob so it can cover it's own porculent butt
Congress is culpable for issues other than AIG - too many to go into now. But how does one deflect criticism? Do like Nancy does. Create another hoopla that takes center stage. If you can blame the new hoopla on somebody else - all the better.
So it subpoenas the names of the AIG execs who got bonuses. (Constitution/Bill of Rights in the dumper #1). As far as Congress is concerned, it's OK to get this kind of personal information on Americans but it's not OK to get information on terrorists via telephones or "torture" because that would make the US "look bad" to foreigners. Hey you Bozo's, we out here in the hinterlands don't give a dead rat's ass what foreigners think of the US. You are making the US "look bad" to us and you'll be very concerned about that soon.
So it proposes to take the bonuses back because the "people" own "80%" of AIG and the "bosses" make the rules. (Constitution/Bill of Rights in the dumper #2 and Contract Law in the dumper also). But see above. 58.5% of the money given to AIG went to foreign banks and other domestic entities. So the "people" don't really own "80%" of AIG. But that too is beside the point. Congress cannot be permitted to ignore the Constitution , The Bill of Rights and Contract Law just because it says it can. And to use "percentage of ownership by the people" as the reason it says it can is ludicrous beyond the pale.
And when it realizes that it can't confiscate the bonuses, it proposes to tax the bonuses at 90%. (Constitution/Bill of Rights in the dumper #3). The House of Representatives just passed it's version of the bill (5:30 PM 3/19/09).
Be vewy, vewy careful
Elmer Fudd said it best. But he was talking about Bugs Bunny who is a cartoon just like Popeye and his friends. Elmer is a cartoon too. But the Clowns are vewy weal. And they are vewy, vewy dangerwous. Watch out for them. Would that our enemies be cartoons instead of being clowns. The little baby that invests money, and pukes in the commercials also said it best. He spent his extra coin on the clown Bobo and admitted that he had underestimated the freakiness factor. How about this to hammer the message home???






6 Comments:
Why are you always the last person to know what's going on? .... Maybe if you read the stuff I gave you these embarrassing Faux Pas' would not happen so frequently. The American tax payer did not give money to foreign banks , AIG did , because they contractually were forced to. AIG sold those banks toxic bonds and part of the deal was that at anytime they wanted to sell them back they would give them face value. Sounded like a great deal to the brainiacs at AIG. They gambled that housing prices would continue to rise ....Leverage every cent for maximum profit. Then something happened that everyone but those people at AIG knew (or were they just that greedy)would eventually happen, the bubble burst. Unlike anytime since the Great Republican Depression it was now, thanks to a Republican Congress, Phil Gramm and a Rino President, "LEGAL" to sell insured bonds without having enough cash to cover the shortfall. AIG payed back the debt.They bought back the bonds they knew would someday be bad....Sect. of the Treasury Paulsen, Bush Administration gave the money to AIG and without consulting Congress (but I will agree with you , those AHs would have done the same thing or worse. I'm not defending them). - Unka Mike
Francis...even I'm asking you... blog anything but National Politics. The Popeye piece was very interesting.......I hated the ones with Brutus. I also didn't like the Shemp redoes.... - Unka Mike
YUK.YUK.YUK.YUK.YUK.YUK.YUK,thats what I am, and that's all that I am, I'm Ping the sailor man........whoop,whoop.
Hey Unka Mike - if you don't like 'em, don't read 'em. I know that AIG, and not the taxpayers, made the payments to the foreign banks. AIG used bailout money, which will come from the taxpayers, to pay the foreign banks. And the second of the two scenarios I mentioned - AIG made so many egregious mistakes that it dragged those foreign banks and other entities down with itself - is the correct one.
I'd read the stuff you suggest if you'd send a link I can open. I told you that I typed the last address you sent correctly and it would not open. So I suggested to you that you send the link in an e-mail to me from whence I could open it.
How could Bush and Paulsen give money to anybody or anything without consulting congress?
Nevermind. I know what you mean about Paulsen giving money to AIG without consulting congress. Congress gave him sole power to distribute the money where he saw fit. It didn't want to know where the money was going before it went there. Besides, what advice could those clowns give?
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