Professional-atorium

Scatterbrained musings of a frustrated young adult watching his beloved country fall apart before his eyes, and other nonsense.

Thursday, March 19, 2009

Backwards is How I Roll

Welcome to the Professionalatorium!
That word is a made up extrapolation of the word professional. Don't expect that to reflect the content of this blog. I intend to post lots of everything, and probably mostly political rants late at night concerning how the government Is the problem, not the solution. And I hate most things. You have been warned.
Again welcome.
And now a gift to you, enjoy some insight from the real leader of our country:
http://baracksteleprompter.blogspot.com/

Political Donation Paradox

Dear Interwebz,

Maybe somebody can answer me a question. How can a company operating at a staggering loss, still manage to give out political donations? Example AIG. $90 billion or so loss for the 4th quarter of 2008 yet they were able to donate monies for politicians.

If I was flat broke I would not be able to ask the government for a bailout so that I could continue giving out donations to my favorite politicians (what an oxymoron "favorite politicians").

-Side note, AIG manages the pensions of our government officials, and Chris Dodd(#1) wrote into the bailout bill a clause allowing for the large bonuses that AIG was contractually obligated to pay, but the government is now reneging via a 90% tax because the media found out about it. Bankruptcy would have allowed AIG to renegotiate contracts.
Why are employees of Bank of America, Merrill Lynch, Fannie Mae, Freddie Mac, etc (the list seems exhaustive does it not)... able to receive massive bonuses and not AIG?
GObama!