Posts Tagged ‘Economy’

Gibbs: “You Can’t Spend More Than You Have”

It boggles the mind.

H/T Red State

Obama, Congress knew about AIG bonuses for months
Associated Press
WASHINGTON (AP) — Cue the outrage. For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn’t until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back.
Read more.

Obama Received a $101,332 Bonus from AIG
Red State
Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are – Senators Chris Dodd and Senator Barack Obama.
Read more.

Chuck Grassley goes off the deep end…

“I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say ‘I’m sorry,’ and then either do one of two things: resign or go commit suicide.”
Iowa Republican Senator Charles Grassley
FOX News.com

And nearly as crazy…

Sen. Schumer threatens huge tax on AIG bonuses
Reuters
Schumer called on the AIG employees to return the bonuses. “If they don’t we plan to tax virtually all of it,” he said.
Read more.

Think about that folks, regardless of your anger towards AIG, that’s selective, punitive taxation just because AIG did something the Democrats didn’t like (even though they knew about it ahead of time).

Contributions to Obama Campaign Track Bailout Money
Pajamas Media
But while the ire of Congress and the media focus are on the $165 million that AIG paid out in bonuses to their executives, the president is hoping you won’t notice the $100 billion in taxpayer bailout dollars that AIG paid out to other banks, including $58 billion to foreign banks and $36 billion given to French and German banks alone.
Read more.

So, basically, you were wrong about the Bush Administration?

Obama: Economic crisis ‘not as bad as we think’
Breitbart.com
WASHINGTON (AP) – Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is “not as bad as we think” and his plans will speed recovery.
Read more.

Laughingstock: President Doom does a 180, cancels fear-mongering
Michelle Malkin
Well, cancel the red alert and let the good times roll. I wish he’d give us some advance warning so we could protect ourselves from the whiplash…
Read more.