Showing posts with label chris dodd. Show all posts
Showing posts with label chris dodd. Show all posts

Thursday, March 26, 2009

Death Threats

I thought the government was designed to protect the people. Well, welcome to life in this era. This is another part of the original thoughts that went by the wayside. Now, the government, specifically Congress, are putting people in harm's way. It is sad when private citizens are placed at peril by the Feds.

I am obviously referring to the AIG debacle. This story gets crazier by the day. We come to find out that many of those who received bonuses got death threats. To me, this is absurd. It will be interesting to see if the government atones for their screwups by prosecuting these people.

First, it is crucial to realize that those who received the bonuses are law abiding citizens. They had signed contracts which stipulated payments for their services rendered. They were the ones who were looked to in an effort to try to salvage what they could of AIG.

Secondly, they were not the people who caused the collapse. The ones responsible for that mess left over a year ago. People are taking it out on the wrong people.

Then Congress comes up with the idea to tax these people at 90% in an effort to get the money back. This is the equivalent to modern day piracy. All these members of Congress who signed on to this ridiculous idea ought to be tried and convicted. Their actions are outrageous.

Of course, Congress claims they wanted to get the money back for the taxpayers, like it is their money. What a farce. The politicians put people lives at risk for political gain. And have you heard even one apology. Nancy Pelosi ought to call each AIG bonus recipient and personally ask their forgiveness for being such a stupid ass. So should Chuck Shumer. Barney Frank. And the ever corrupt Chris Dodd. These people should be ashamed of their behavior.

Congress is showing how much they can screw things up when the government is involved. There is nothing they touch which they cannot turn into total crap. Lovers of big government show how truly ignorant they really are. Government excels at corruption and inefficiency. This is what they do best.

When private citizens are receiving death as a result of the actions of people in Congress, something needs to be done. Bet the ranch the FBI would be investing if one of the members of Congress received a death threat. Of course, to demand equal justice is absurd. The powerful only protect themselves.

Maybe people will wake up to the fact that these people in Washington need to be thrown out of office. The revolution is nearing.

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Tuesday, March 17, 2009

The Hoopla over AIG

These days, we do not have to look too far to see hypocrisy. It is plastered all over the news. Each time we see a member of Congress open his or her mouth, it is being thrust upon us like a dagger. I am witnessing a lot of "do as I say while ignoring what I do".

Everyone seems outraged over the bonuses that AIG paid after receiving billions from the government. Now, the politicians are grandstanding about how taxpayer money is being wasted. Hello. Didn't we just have Congress pass and the President sign a bill which had over 8,000 pieces of pork in it? These people are as hypocritical as they come.

The fact is that AIG is contractually obligated to pay these people. That is a fundamental tenet of the private sector; the contract. When two parties agree to something in writing, that is known as a legally binding document. Now, the Feds, in their infinite wisdom want to take the money back. Once again, the corrupt are exercising their abuse of power.

We have Barney Frank blowing (pun intended) hot air about all the money going to these corrupt executives. How about we look into Frank blocking reforms into Freddie and Frannie long before they went broke? Then we have Christopher Dodd double talking out his mouth. Of course, he is the one who gets favorable rates without his knowledge. Yeah, right. And lets us not forget Timothy Geitner, the man who couldnt figure out his own taxes. Now, he is up in arms over AIG's behavior.

This is what happens when government gets involved; everything gets screwed up. The fact that 535 politicians who seem to major in stupidity, corruption, and lying are meddling tells us how dire the situation has become. Government is an entity that will fail each time. Presently, we are moving in the direction where we need to overthrow it. Those who are in power are out of control. The time is nearing.

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Sunday, March 15, 2009

The Blame Game

This is a long time part of American politics (politics in general). It is interesting to note that the world is facing the largest economic crisis in a couple of generations yet nobody is responsible. Instead, they are all blaming someone else for what occurred.

Let's review. George Bush was President with Dick Cheney serving as his VP. There was Alan Greenspan as head of the Fed before being replaced by Ben Bernanke. Christopher Dodd is the head of the Senate Finance committee. And Barney Frank was the one responsible for overseeing Frannie and Freddie. Finally, Barack Obama was elected on Nov. 4th, taking office on Jan 20th.

What is amazing is none of these people is responsible. Here is an article in which Dick Cheney says that the blame doesn't lie with the Bush Administration. He believes that since it is a worldwide recession that someone else is responsible.

Let us be clear: government played a large part in this crisis. Interests rates were sent to an all-time low to avert the recession after 9/11. This, along with the approved easing of lending requirements, caused the housing bubble. Frannie and Freddie were pressuring banks to buy the paper while entering a state of total collapse. Of course, we cannot forget that Congress passed the CRA in the 1990s which established the subprime market. Finally, the regulatory agencies were completely out to lunch the past 10-12 years. This allowed the devious to operate unabated.

Yet, we hear how "it is not our fault". All these politicians should be in jail. They are corrupt as well as inept. If you cannot imprison them, then perhaps we need capital punishment. There has to be some accountability to the American people. How about if our elected officials actually had something to lose. Do you think they would behave differently if their corruption resulted in execution? I think it would have some impact.

The bottom line is that we cannot trust these incompetent boobs for anything. Half of them are not qualified to work as meter maids let alone occupying the powerful positions they do. It is time they all were removed.

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