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AIG Facing Possible Breakup




Now, let's think this through a little bit...


The liberals, including Bush, and of course the entire new adminstration, claimed that if AIG were to fail, it would be apocalyptic in nature.  It was the end of our entire financial system.  It could end our republic as we know it.


That was the rational for the bank bailout to begin with.  So the government bailed them out... supposedly and held back the dooms day.


So, the government purchased an 80% stake in AIG, and loaned it $122 Billion.    But that didn't help.  So a restructuring is going to now pass that will push the total amount of money given to AIG will be $150 Billion.


Not to put that in perspective, the entire budget for 2008 Global War on Terror, including Iraq and Afghanistan, construction, soldiers, equipment, and other anti-terror support activities... was only $145.2 Billion.


One single bank....            $150B

Entire 08 GWOT budget...  $145.2B



Now to the main point...

What are they going to do to AIG?   Break it up!   When do corporation break up in our regular economy?   When they go bankrupt!   So now, we've spent $150 Billion dollars, more than the GWOT budget last year, to do what would have happened if we hadn't spent a dime.


And now... a word from Obama:


We have elected a complete idiot.


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