AIG, to show how seriously they were taking the "global economic crisis" tm used their cash money for elaborate dinners and fancy meetings. The Minnesota Daily reports that "A few days after the government revealed an $85 billion bailout for the insurance company AIG, company executives decided to take a $443,000 executive retreat to Monarch Beach, Calif." The article written just yesterday (10/30/08) also points out that the intended effect of the tidal wave of taxpayer's dollars was to make it safer for banks to loan money; but that hasn't happened. Instead the world's economic system has become an amusement park ride; its volatility creating dramatic rises and falls of global stock markets and currencies.
Ha! What the fuck did you expect? Did you forget this was the final days of the Bush administration? The most corrupt shameless regime ever to pollute the white house? We should all be ashamed of ourselves, because we got fooled again. Just like all the other times we were told to worry because the sky was falling. If we didn't take immediate action yada yada yada.
It is like a broken record with these douche bags. But they keep playing this record because it works for them. They cry "wolf" and like good little robots we ask "how high?" How was it that we were so ready to lay back and take another ass fucking for the team? Knowing that Bush is getting ready to pack up and move to Dubai with the real president of the US, Dick Cheney.
Have you noticed that you don't see him any more? He is getting his nest ready in Dubai, because you know, they don't have an extradition treaty so he can avoid dealing with the war crimes as he laughs at us menacingly from his desert fortress.
But if you've read this far then thanks, I'm finally ready to get to my point. Where's the beef? Where is the accountability for the massive amounts of our money that is being thrown at these fuckers? There is none. I thought for sure that they were going to put some on the money. It is 700 BILLION DOLLARS after all.
There aren't any. As Senator Bill Nelson (d-fl) says "if you think...taxpayers will have a say in running (the banks receiving the bailout money), think again. Taxpayers won’t own voting shares in some of the very banks that got the country into the current economic mess. Thus, they’ll have no direct say."
AIG isn't lending that money out. It is hoarding it, using the cash to pay off its own debts. There are no assurances that the same institutions that have gotten us into the world's worst financial crisis in almost a century are going to use the money we've handed to them in any particular way.
This should not come to us as any surprise. This is the same administration that sent palettes of cash - billions of dollars - to Iraq where they promptly disappeared into thin air. ISN the International Relations and Security Network reports that "About US$44 billion of US taxpayer funds have been spent on reconstruction...in reality, as much as one dollar in six of this tidal wave of money is unaccounted for, according to auditors." These are not people to be trusted. They never were. Now they have just given away 700 billion dollars of our money. Welfare from crooks to crooks.
Since 2006 it is, in fact, safe to blame congress for this. Speaker Pelosi ignorantly chose to "take impeachment off the table" and these are the results. I do not have a crystal ball and so I can not imagine what would have happened if congress had attempted to impeach Bush and/or Cheney for their cornucopia of criminal activities, but it is likely they would have felt a lot more hesitant to do what they are doing now. Seriously, there is nothing like not holding someone accountable who is notoriously unwilling to accept responsibility for their mistakes and then hope they are going to act responsibly. I have no idea what it is that kept congressional democrats from moving forward with impeachment, but outside whatever logistical responsibility they have for this latest American disaster, they have a moral responsibility for the mess that has happened since the 2006 elections.
Ok robots. What do you think? We just going to hope that Mr. Obama steals back the election from the electronic machines? Are we just hoping that voters disenfranchised by republicans around the country are just going to magically have their disappeared votes reappear? Or maybe we might want to think about doing something not quite so business as usual. You let me know.
Posts
Working on the Youtube Studio
11 years ago
