The Senate was conducting hearings today with some heads of AIG. If you remember AIG was bailed out with taxpayer dollars to the tune of $85 billion dollars and less than a week later the head haunchos were at a spa. Rooms were around $1600 a night. The total cost was a little less than ONE HALF MILLION DOLLARS. Please tell me where the oversight was ????????????????
Aren’t you glad that these men/women had manicures, facials etc at your expense?? I said in an earlier post that all the bail out was doing was giving taxpayer dollars back into the hands of those who have put us in this mess to start with. What do you think??? And it has already happened.
I am quite sure more will come out on these kind of things. You know everyone seems to be living large at our expense. We need to vote everyone out who is up for re-election till the entire Congress is swept clean. But I have little confidence that even that would change anything.
Greed drives a lot of people and becomes very much alive in those who have had little. So I am sure when the new ones would get to Congress it really would start all over again. Greed just works that way.
What a sad testimony to the American people. But as usual the rich are getting richer off of us and the poor are getting poorer because of them.
I just don’t see any real solution. I know the Presidential candidates say they will change things. But remember Congress can over ride any Presidential veto. Besides since both candidates voted for these bail outs, they are as much of the problem as the other members of Congress.
Take care of your families, sacrifice as much as you can to make ends meet. It seems like it is going to take a long time that we may begin to prosper once again. Meanwhile try to keep you head above water. These fat cats want to drown us. What the fat cats don’t really realize once we are gone their joy ride also ends.
Jm
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Tags: AIG Bail Out, Barack Obama, Economic crisis, economic depression, government Bailout, Joe Biden, John McCain, Presidential Campaign, recession, Sarah Palin
November 11, 2008 at 12:29 am |
My wife worked for AIG and she was horrified at how the company was spending money. Her question always was does any one know how the upper management have any sense of whose money they were playing with! totally irresponsible.
It does not surprise me that they had a week long huge bash after treasury did the bailout for AIG.