I Don't F.....g Get it.....Does Anyone out there understand what AIG is doing? Does AIG understand what AIG is Doing?
OK folks, here is a new and innovative idea. We dispose of our present government and install AIG execs to run the country. Why you say? I'll tell you why. Right now we are so short of cash that our revered American economy is about to go Bust...but AIG has the know how and the talented managers to keep stashing billions and billions and billions AND billions of $'s in their coffers. Where do they get the money you say? I don't know. Do any of you know? What's that? The Federal government gives it to them? NO no...Really? I thought the f...g government doesn't have enough money to buy toilet paper to wipe their stupid f...g asses. Where do they get the money? Are you serious? Ok let me get this straight. Our government borrows the money from China and Japan and they give it to AIG? Then AIG turns around and gives the money to their execs in the form of a bonus? Now why didn't I think of that?
Folks this is my understanding of how bonuses work. A company which makes big net profits, sets aside a % of those profits to be given as bonuses to their best performing employees. Those employees who contributed to the company’s financial health and helped to increase annual profits. PROFITS people, profits not losses. Usually, employees who cause financial losses to their employer- they get fired. Instead of firing these f…rs, AIG pays them bonuses in the millions of dollars, from the money WE, the taxpayers gave them. Money we gave them in order to bail their stupid asses out of the shit they got themselves into….Like I said before, I don’t f.....g get it….This is treason, this is fraud, this is the biggest ponzi the biggest sham in history. People who commit fraud and treason...GO STRAIGHT TO JAIL….DO NOT PASS GO! You don't reward them with millions.
Here is my final thought. We had one revolution to throw the British out….It’s time for another one…to throw these Wall Street parasitic f...kers out of our financial institutions and into holding jails until we have enough guillotines to start chopping heads off.
Again this is not News it’s Jungle Politics.
From the desk of Dr. Politikong
Over and Out
Good points. It may well come to another revolution. I like your style. It is "different". good job.
ReplyDeleteAmen, brother. I had a feeling you'd have something to say about the AIG debacle. Keep up the great work on this blog.
ReplyDeleteAnd in this corner,wearing a vaseline coated rectal probe,the reigning heavyweight ambulance chaser of the world,AIG..and his worthy opponent,hailing from gooberville,USA,and dressed like a sacrificial lamb,the American Taxpayer..Now,lets get it on..
ReplyDeleteGreat blog!!!!!!!
Does the Obama Administration have lawyers?????
ReplyDeleteThis idea that they HAD to give AIG bonuses is plain wrong.
Can you sue the federal government? - Yahoo! Answers In some cases you can, but only if the government tells you, you can sue them ... Used to be that the answer was "not without permission from Congress first ...
answers.yahoo.com/question/index?qid=20071202085926AAYB2yk - 44k -
Heeee hawww, the Dr. is back.
ReplyDeleteYes, the corruption that is lobbying is one of our worse problems. It makes a joke out of our democracy. Elimination of paid lobbying and campaign contributions would be a major revolution in itself.
"Protests and Threats" Where?
ReplyDeleteViva! La Keyboard Revolutionists ( Crickets Chirping )
The criminals get security and the tax payers get the bill.
ReplyDeleteHello Miss America
This whole 90% tax thing is really disturbing to me. First of all, it is blatently unconstitutional as an ex post facto law. Second, it is a subterfuge by the members of Congress who voted FOR the bailouts that Paulson was ramming down their throats. They cowed without batting an eye. They effed up. And now "they" (Congress) want to create a Circus with a Chorus of "boos" directed at the use of the monies that THEY approved without strings attached.
ReplyDeleteThey know that what they voted for is unconstitutional, and they voted for it anyway. They are trying to deflect YOUR attention.
Don't be fooled. I don't care if you're Republican or Democrat, vote every one of these bums who approved this legislation out of office. It is disgraceful.
Geithner is being set up to be the fall guy when the admin makes some pretty unpopular moves within the banking industry soon...
ReplyDeleteThe "good cop" "bad cop" routine is pretty comical...and easy to see through.
Geithner will do his thing with the banks, the congress will feign outrage, even though they know it's coming...Obama will be outraged...the people will be outraged...(we're getting a precursor of future events now with AIG...this is a test run).
All the while another big chunk of taxpayer dollars will go into the black hole which are the banks.
Geithner will take the fall and resign, but the checks will have been cashed. It's all part of the script...
Was the AIG thingy REALLY just a distraction engineered by the Feds to take our focus off of some real bad news coming our way? Possibly a new (devalued of course) currency? Possibly revised GDP (really tanking), Possibly Global trade shutting down?
ReplyDeleteI dunno, but it looks like the ol' magicians trick...watch this hand ladies and gentlemen (while the other hand makes your money disappear). Nuff Said but would like some of your thoughts on this angle.
I couldn't agree more. There is something that they are diverting attention to. Who the heck cares about $160 million when Congress and the FED are making and spending trillions?
ReplyDeleteMy take is the US economy is contracting at an alarming pace as is the rest of the world's economies and there is no end in sight.
Also, our financial system is just about completely ruined. Meanwhile we have a President who hasn't figured out the campiagn is over and now has to be President and actually work.
We are so screwed!
Outrage, fucking outrage.
ReplyDeletePolitikong, you lead the revolution and I'm right behind you.
ReplyDeleteIf more bloggers like you existed in cyberland, the public would be better informed.
Great work.
You get the tar, I'll get the feathers!!!! We'll all meet at the Mall in Washington on the morning of the 4th of July. Time for a little re-declaration of independence.....
ReplyDeleteWhere are all the patriots???
Sorry but I can't agree with with on this one Dr. Politikong, your anger is misguided.
ReplyDeleteAmericans get angry over 150 million in bonuses,
but barely flinch over the $9,700,000,000,000 trillion [although some egg spurts are putting ther stolen taxpayer money at $11,000,000,000,000 now] that has been stolen in the last 4-5 months???
and then Bernanke refuses to say where it went..
although we are starting to hear the money went to GS,JP Morgan Chase,BofA and some other UK banks on the other end of AIG derivative swaps[only $1,129,000,000,000,000 quadrillion more to go on the derivatives! yipee!!!]] and also heard they are using it to short gold and silver thru the bankster bullion banks
I'm mad as hell and I can't take it anymore.
ReplyDeleteI'm angry that Bush thought more about foreign terrorists, rather than domestic terrorists on Wall Street, at our banks, in our regulatory firms and agencies, and at the SEC.
Those people (the domestic terrorists) have created multitudes more damage than Osama bin Laden could have ever have dreamed of for us. Osama does not have to waste a single suicide when the USA implodes by itself.
I said it before and I'll say it again, BEST BLOG on the net. Written in language that all of us J6P's can understand.
ReplyDeleteThe people running AIG are crooks! Research why Spitzer got Greenberg fired as AIG CEO, or why he got Greenberg's son canned from his CEO position. Research the AIG/General Re (Buffett) connection. If these guys aren't major crooks, it's time to open OJ's cell door and set him free.
ReplyDeleteDon't confuse the issue here. Unless you, the media's purpose is to divert the issue. Politikong is right, this in not about bonuses, it's about the STUPIDITY of our government for letting this happen in the first place. And now they totally ignored the law by coming up with this bill which target specific individuals or group of individuals with the aim of throwing crumbs to the taxpayers and appeasing them of their outrage.
ReplyDeleteWake up America!!! We should all go to Washington and demand real justice!!!
Give the bonuses back FUCKERS.
ReplyDeleteCorruption, Thievery and Treason
ReplyDeleteThanks for posting Dr. Politikong.
Nice place to meet on the www. Excellent opinions always.
ReplyDeleteCivil disobedience maybe sparked from what may seemingly be a small event but it is the cumulative total of abuse that is the true cause. It is the failure of the elite to understand that the next relatively insignificant abuse maybe the ignitor for civil unrest.
Don't panic! There is always a solution.
ReplyDeleteAIG agreed to pay those Exec(s). $165M bonus before they got into the financial trouble. AIG will pay them $165M when the financial trouble is over. At the mean time, AIG borrowed from our taxpayer $173B. Since there is an outstanding loan in between the bonus and the bailout money, AIG should issue Notes to those Execs. Replacing $165M actual bonus money by the BONUS NOTES is to demonstrating that the AIG Execs are agreed to bail out the whole circumstance. (With interest earning ability when fund is available in the future.)
但相对而言，有一批产业、公司和产品在眼下的经济危机时期效益还不错，从麦当劳Quarter Pounders汉堡到安全套无所不包，但它们都有一个共同特点，那就是要么可以帮人们找到新工作，削减家庭开支，要么是仅仅逃避所有的坏消息，它们不仅能平安渡过金融风暴，而且还能以某种方式从中获利。
ReplyDeleteTo the last anon:
ReplyDeleteWhat the fuck is this?
LMHO
Sorry, left keyboard on Chinese characters.
ReplyDeleteAmericans are naive. As long as they have American Idol to watch on TV and enough quarter pounders to eat at McDonalds they are happy no matter what even if their government is selling their future away. Thank you.
Kim Y.
They lie, cheat, and steal.
ReplyDeleteAnd we tolerate it.
Good on you Dr. Politikong. You always call it like it is.
Revolution is coming.
ReplyDeleteFBI reports gun purchase applications were up 1.2 million in Jan 2009 from a year ago. Gun stores reporting a shortage in ammunition. One person interviewed responded that he bought the only two boxes of 9mm ammo that Walmart had, went to another Walmart and bought the one and only box they had, then went to two other stores where he was able to buy one box from each. Gun stores reporting difficulty in getting guns and ammo.
*Information from business magazine published by State of South Carolina*
As much as I am outraged by the AIG bonus payments, I am equally outraged by Congress's violation of the Constitution. The 90% tax on the bonus payments is basically an ex post facto law, making something illegal after it has already happened. I think that's expressly forbidden by the Constitution. In same way, the Constitution prohibits a "bill of attainder" which declares a certain group or person as being tainted and thus allows their property to be confiscated without a fair trial.
ReplyDeleteNo doubt, these AIG guys deserve all the flack they get. But let's not repeal the Constitution to do it!!!!
I see torches, pitchforks and angry peasant mobs...
ReplyDeleteWe don't need riots, guns or justice. We need a sense of humor. President Obama is way ahead of the curve. That's why he's going to be on The Tonight Show with Jay Leno. We're way too serious about our problems. Come on admit it Congress is a joke, those AIG guys were laughing their asses off and The Daily Show on Comedy Central is the closest thing to accountability in the media. Smile everyone. Stop the crazy talk.
ReplyDeleteGreat grassroots blog. I'm tired of MSM bullshit and Politicians giving me double talk.
ReplyDeleteThe only good thing that may come out of the AIG bonuses boondoggle is the corrupt Sen. Chris Dodd could be voted out of office next year. Here in Connecticut, polls are showing Dodd trailing Rob Simmons by a wide margin. Let's hope it stays that way.
ReplyDeletePeter
News of this blog is making the rounds in cyberland. A friend emailed me about this blog and I'm emailing others. I think we have finally found a spokesperson.
ReplyDeleteA blog with style and simple common sense. Finally someone who calls a spade a spade. Thanks
ReplyDeleteJJ
Nevada
Where are the intrepid reporters these days? Like the eminent journalist Robert Capa once said “If your pictures aren’t good enough, you aren’t close enough”. Mr. Capa, much like a Gladiator, took honor in providing the people with the truth. This guy didn’t accept second or third hand stories, he got in the trenches during the Spanish Civil War, jumped with the paratroopers in World War ll, and perished with honor from a land mine during a Vietnam assignment.
ReplyDeleteThis blog is a breath of fresh air.
What I find the most disappointing in the current economic situation is the realization that we are not being governed by innovative leaders interested in assiting us with actualizing our potential as citizens and as a collective nation. Rather we are being managed by inadequate and opportunistic individuals whose primary interest is self-enhancement and glory.
ReplyDeleteUnfortunately, the hasty policies, procedures and decisions made by these political managers have significant and damaging consequences for us - the average citizen - who struggles to support self and family, who does not have money in tax shelters and offshore accounts to use in crisis, and whose fall off one rung of the ladder lands him on the ground flat on his back.
Great blog and comments. Glad to see we have not become as complacent in our thoughts as we have in our actions.
AP
NYC
Last anonymous...
ReplyDeleteVery well said. It seems that we don't just need an overhaul of our political and financial systems, we also need an overhaul of our social and cultural behaviors. The self-centrism and "me! me!" mentality cannot and should not prevail any more! This is my view. An unemployed teacher from Detroit.