Tax Payers Bail Out AIG For 85 Bil - Stocks Plunge Again (Cheney, Iran)
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Government steps in again, bails out AIG with $85B: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080917/aig.html - broken link)
Does anybody in their right mind believe foreign investors would be encouraged to buy US debt if they elected another set of Bush-Cheney clones?
You think running up the debt even more, continuing to burn 750 Million per day helping to increase tensions in the Mideast and start another war with Iran is going to
convice them that US is a good long term investment?
Don't forget the Billion dollars we sent to Georgia to build their infrastructure while the one in the US continues to be outdated.
How much did the DOW drop today? 500 points yesterday, 450 today? Senator McCain's grasp of our problem is mindboggling. Imagine your 403(b) or 401 (k) if you're close to retirement, or heaven forbid if we had privatized Social Security.
I agree. We should downsize our military and start peddling arms to as many countries as possible. That would be the better strategy and one that peace activists would like.
The cost of the AIG bailout has risen to $150B, up from $85B price tag at the time of the O.P.
Now we have the $50B ponzi scheme of Bernie Madoff to ponder. I wonder how much, if any, of those 'investments' were underwritten by AIG. Do we eat those costs too? Was AIG's bailout upped, in advance, to cover this?
Is the timing of this suspect to anyone but me? We get the AIG bailout in place then suddenly we find out about Madoff's crookedness, though people pointed it out for years. Can this be coincidence, or are we really being played for fools?
We have been played for fools for years. I hope and pray we get everything together, get on the road to fiscal correctness, and save this country before the economy completely collapses. We have been riding a house of cards for years. While our infrastructure has collapsed and not been modernized like Europe's, Japan's, etc., we are helping other countries rebuild their infrastructure with money we have borrowed from China, Japan, etc. while sending our good paying jobs to those countries. This can't go on. It is a recipe for destroying America.
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