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Taxpayers Fund AIG Lawsuit Against US
AIG, now infamous for their executive bonuses, has decided that the $200 billion they received from the government is not nearly enough and is suing the government for the return of $306 million in tax payments. "AIG is effectively suing its majority owner, the government, which has an 80 percent stake and has poured nearly $200 billion into the insurer in a bid to avert its collapse and avoid troubling the global financial markets. The company is in effect asking for even more money, in the form of tax refunds. The suit also suggests that AIG. is spending taxpayer money to pursue its case, something it is legally entitled to do. Its initial claim was denied by the Internal Revenue Service last year."
http://www.breitbart.tv/html/301543.html
Dishonest doesn't even begin to adequately label the President and Congress. We know have a group in Washington who not only has no problem inciting mob rule, violence even (there are people stalking AIG employees who are not even executives.. let alone responsible), and getting away with it. All Americans should be very afraid of our own law makers, for if you become a political liability, you fall out of favor with the political class, they will use the power of law to take your property. They will use their power to get free exposure in the press and on tv and goad other's to harass you , shame you, and hate you.
We have a US President going on a comedy show and disingenuously declaring shock over an event he knew was coming. Geitner was quizzed in public (look it up on cspan) panel discussions in Congress by a Democrat!
Yeah, Bush was annoying, but these guys just went beyond the pale. They are inciting people. Worse the President is joining in. All against people who broke now law, people who were LAWFULLY owed the money. People who Congressmen who by signing the stimulus bill declared were legally owed the money!
WTF?
AIG is just the vehicle that these guys are using to trounce all our rights. We now have a political class who shows no fear of abusing the power vested in them to threaten, cajole, and steal, from those who they think they can get away with.
* Winners compare their achievements to their goals, losers compare theirs to that of others.
Yes, and that bill has HUGE constitutional consequences. It effectively does things ex post facto which is illegal under the constitution. It is similar to the Government suddenly blocking Bit Torrent today and then showing up at your house arresting you for using Bit Torrent last week when it was still legal. Secondly, this just shows how giving taxpayer money to *any business* no matter how large, is a bad idea, not only that it undermines capitalism and catapults us to socialism and communism, but the businesses who need the money obviously don't have the leadership to manage it.
Taxation is legalized theft, no more, no less.
Which is sort of proof positive that it didn't actually work. Every panic/depression prior to the 30s was cleaned up in a matter of years.
Even Roosevelt's own Treasury Secretary admitted that nothing they did worked.
Keynesianism is just a favorite of politicians because it supports power grabs.