Blah, blah, blah


The federal government is flushing away your hard earned money

Before it was GM and Chrysler that got my goat.  Detroit wanted their handout and Washington gave it to them.  Then they wanted it again and Washington kept spooning it out.


Now it is American International Group a/k/a A.I.G. in the bullseye.  This is another one of those companies that is "Too big to fail."  I say if the company is too big to fail and they want the government to bail them out, then the government needs to break them up or re-structure them into pieces and spin those pieces off into other companies. (Kind of like what they did with AT&T years ago.) We don't want companies that are that big to exist because when they do fail ... well look what happens.

Americans have already bailed these AIG guys out twice in just the last few months.  Now they want another multi-billion dollar handout.  Congress makes a big deal about the $160 million bonuses that are being paid to executives.  And America is scratching their heads at these bonuses.  How can you pay executives $160 million in bonuses for bankrupting the company??? It doesn't make sense.  If anything, these execs should get fired or worse indicted for fraud, grand theft, etc. 

I will go on the record at saying that Washington has done an unbelievably rotten job with every penny of bailout money we have allowed them to spend.  Remember that $700 billion in TARP (Troubled Asset Relief Program) funds that was supposed to buy up bad mortgages from banks in order to make banks liquid again.  Well guess how much of that $700 Billion has been spent so far on buying mortgages???  Did you get it right??? If you guessed ZERO, NOTHING, NADA, you were right even though over $300 billion of TARP funds have been given to these banks. (And what they have done with it, nobody knows because it is a big secret.)  The President and Congress certainly can't account for it. 

Pelosi, Obama, Reid, Bernake, Barney Frank, and ex-President Bush are destroying this country as we know it.  It is a true shame.  All of them need to be taken behind the woodshed for a giant spanking! And that's putting it mildly.

I like to be upbeat and optimistic about America and its future.  Unfortunately Washington through incompetence, greed, and lust for power are ruining the American dream for the next generation.


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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.

ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public

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Comment balloon 0 commentsKevin Robinson • March 18 2009 09:39AM