It was announced Monday that AIG, the insurance giant that was TOO big to fail, needs another 30 billion dollars or it will go under. This will take AIG’s total bailout to 180 billion in taxpayers money since last fall. Why are we still sinking money into this failing company? Isn’t is obvious that this company is in fact NOT too big and has already FAILED and should be allowed to do so? Why are the American people responsible for greed, corruption and the failings of bad decisions of a company who's time is just plain over?
I have my own theory on this AIG bailout. I believe that this Administration WANTS AIG to NEED more and more money so it can continue to bail it out until it becomes 100% owned by the government. Oh, I’ve heard all the arguments that if AIG goes under thousands of jobs will be lost and teachers all over the country will lose their 401k’s. (But never mind the average American’s 401k!) Oh yeah, and the sky is falling again today! To save AIG, it needs some serious money- like 500 billion. Obama and his genius economic team know this. So, why are they messing around with 20 billon here and 30 billion there? Just hand AIG the whole kit and caboodle and get it over with already! But they won’t; because their agenda is so much larger and they want the American people to THINK they are helping.
Obama’s agenda is to nationalize AIG. He wants AIG to fail. Just like he wants banks to fail. He wants to pass a law to give judges power to change mortgage contracts so when people file bankruptcy the judge can change the principle on the mortgage. He also wants to bail out deadbeats that shouldn’t have gotten mortgages to begin with. Why? Because he wants to give banks money so the government has an investment in the banks until it has 100% ownership then it can be Nationalized. And don’t forget The Big 3. He intends to give them enough money so he can nationalize them, too.
What it boils down to is this. Our Banking, Insurance, Housing and Automobile Industries will be owned by the government. They will be Nationalized and run by the government. Obama’s agenda is to Socialize this nation and what better way to get his scheme going than to pretend he’s helping? By the time the public sees Obama for what he truly is, a Socialist-Marxist, it’ll be too late. Obama ran his campaign on Change, and that’s EXACTLY what we’re getting. Change from Capitalism to Socialism. Obama plans on destroying this country one piece at a time. Look what he’s done in a little over 40 days. I can’t even imagine what he’ll do in the next 4 years.