March 17, 2009
Meltdown - The Obama Administration
in Trouble
After
it was clear that Obama was feigning
outrage at the AIG bailout, more was learned. The bailout, which has caused
an outrage after it was reported that millions of dollars in bonuses were paid
to AIG executives, was put together by none other than tax
cheat Timothy Geithner.
The AIG bonuses were put together and announced
a year ago before the bailout was engineered by Geithner. So, Geithner should
have been aware of them. If he wasn't, then he is incompetent. If he did, he was
stupid and/or dishonest. Either way, he should never have been named Secretary
of the Treasury by Obama and Obama should now fire him.
Of course, Obama
won't fire Geithner for several reasons. One is that all of the
assistants that Obama has chosen to work with Geithner have had their names
withdrawn from contention due to their own tax problems or that they simply didn't
want to work for Geithner, a tax cheat, and Obama, a liar and socialist. Another
reason Obama won't fire Geithner is that Geithner was aware of the bonus issue
and so was Obama. If Obama fires Geithner, Geithner will tell the public that
Obama gave the deal his blessing and that he also knew about the bonuses.
So,
the democrats made a big show of faux anger and outrage. They demanded that the
bonus money be returned. Chuck Schumer, democrat New York senator, said that he
would tax 100 percent of the bonus money. If that should happen, this administration
will have the precedence to reach back and directly steal taxpayer money out of
their bank accounts.
There is another little problem that the democrats
are trying to hide. Chris Dodd, the democrat senator, was the number one recipient
of campaign contributions from AIG. Dodd wrote a clause in the democrat Porkulus
spending bill that guaranteed that the AIG contracts be honored. It's law. Obama
signed it without even reading it because he didn't want anyone else to have time
to read it either. By the way, the number two top recipient of AIG political contributions
was Barack Hussein Obama.
The AIG bailout goes far beyond the bonuses. The
bonuses are nothing compared with the $20 billion of the AIG bailout that went
to foreign banks. So, are the democrats willing to risk taking a proverbial bullet
for the bonuses to obfuscate the $20 billion in the hopes that the public's wrath
will be misplaced onto AIG?
The Obama administration is in serious trouble
and this is only the little bit that we know. There are even far more serious
consequences to be unveiled. What does Obama do? He goes on the Jay Leno show
to prop up his sagging poll numbers. His rating is below both that of Jimmy carter
and George Bush for the same period of their respective administrations.
TLG
Care
to Comment?
