It was embezzled long before the banks or anybody else but the government got their hands on it. Once gone, we’re never going to get it back. Not one penny of it will make the slightest difference to your life from here on out, no matter what rhetoric they use, such as calling it the taxpayers’ money. It was ours until the government confiscated it. All you’ll get for that is having to work harder to pay off the next load.

government to meet its constitutional obligations. At the local level, what the citizenry agrees to tax itself.

In spite of the fact that I’m going to try to keep it short.

First, a little history: AIGFP was operated by Hank Greenburg profitably and safely for 20 years when Eliot Spitzer (D-Harlottown) threatened to indict the entire firm unless their CEO and majority owner was removed from power. Of course, there was never any indictment of either Mr. Greenburg or the firm because they had never broken any laws. Eliot just needed a little headline time to be able to ice his governor’s race.

Then, AIGFP began engaging in unsafe practices under poor leadership, at least partly because the man with the most skin in the game couldn’t manage his own risk. Once AIGFP’s bets all went bad, our gov’t paid off all their contracts, including to foreign banks and US financial services firms.

The other parties to contracts were not even required to take a haircut. They were paid at par, even though these firms were highly sophisticated investors and knew they had assumed some risk by their ownership of these derivatives. They had failed to do due diligence on their inter-party transactions and lost, but the taxpayers stepped in and made them whole, even though taxpayers were taking it on the chin with their own investments.

The parties responsible for the losses at AIGFP were fired or resigned with the meltdown. Of the employees of AIGFP at the time of the bonus payments, only a handful had even been in the division at the time of the risky investment decisions.

Other employees were brought in from other divisions, which have been and still are highly profitable businesses, to help wind down the contracts and the FP division.

One of them profiled on the news was a highly paid attorney who understood complex contract law and these financial contracts. He was persuaded to help with the dissolution of the enterprise with the understanding that he would work for $1 per year and as long as he stayed for the entire year, he would receive an annual payment that was at least equal to his previous salary.

Those were the bonuses that BO and the media have ginned up such outrage over. They know these details, but it helps to distract the American people from the other nightmare scenario decisions they are making if they can keep everyone excited over these payments which are really nothing other than annual salary payments, and not paid to the people who caused the trouble in the first place, but paid to those who were hired to clean up their messes.

It is evil. Our president is evil and so are the other people who are stirring up this class warfare argument. They are only doing it so they can manipulate the public into believing that capitalism is bad.

Proper grammar saves lives.

Let’s eat Grandma.
Let’s eat, Grandma.

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Activists Taking Action: Unified Patriots

I’m not all that concerned about the business. It will go or it won’t but I’m not about to let people down just because times are tough. I’m wrangling with that customer now because she insists but I don’t have to know the particulars of her books. Her business is 95% online and her space used for products versus her bandwidth tell the story.

As long as it makes enough to pay for itself, we can weather this, and it’s doing that. That’s all we need to do: weather the storms that are coming.