The Bush talk tonight...

Well, I took a few notes;

He said the bailout "will create jobs". He fails to state that these will all be government jobs, which EVERYONE is trying to reduce! Talk about expanding government?? Ahem?

"The Lenders are to blame." He said that. Funny, because the "lenders" were just using the tools available to them since a Republican controlled Congress changed the rules 5 years ago. The sad thing is, NO ON HAS LIFTED A FINGER TO CHANGE THAT!

GW mentioned "securities chartered by Congress", and these led investors to think these "securities" were backed by the US. NO, they were not. In a week, they will be. Nice move..Not bailing out the investors?? NO, they are.

I love the panic he instilled in all "small town Americans with the line "your bank could fail". Like this would rally support of the people behind this plan to further redistribution wealth to the wealthiest.

It will just spread fear.

So to just skim the surface of this farce, please look at AIG's annual report for 2007;
http://www.ezodproxy.com/AIG/2008/AR2007/images/AIG_AR2007.pdf

You need go no further than page 3. They made Billions since GWB took office and trounced regulations, and now they want Billions more (even though they already banked their profits) to line their pockets some more. Um, what? Why bail out a company that has made 8 Billion in profits just through Consolidation efforts (see page 45). There is no "bottom line" in this report that I can find (too tired to read to the bottom now).

I dunno, if a company made 8 Billion dollars and much much more in the last 2 years, do they really need a bailout now? Where did all that profit go? Ask someone, god damn ASK!?