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March 17th, 2009

Such concern for the taxpayers…

I’d bet that the choreographers of this scam assume that the average person doesn’t know the difference between million and billion. That’s the first bet.

The second bet I’d make is that this entire spectacle has been concocted to shift the focus away from where the really big money is going. (Hint: Goldman Sachs.)

So, while the drama is happening over $165 million in bonuses, another roughly $30 billion goes down the gugrler.

The strategy that the Obama regime is using, over and over again, is called a confidence trick:

A confidence trick or confidence game (also known as a bunko, con, flim flam, gaffle, grift, hustle, scam, scheme, or swindle) is an attempt to defraud a person or group by gaining their confidence.

See! We’re going after the bonuses! We’re going to, “Make the American taxpayers whole.”

Holy shit, what a racket.

People thought they were dialing 911 near the end of the Bush years. Save us. Save us.

Under the Obama regime, the cops roll up and rob you in your living room.

This is called Change.

Via: New York Times:

President Obama on Monday vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda.

“In the last six months, A.I.G. has received substantial sums from the U.S. Treasury,” Mr. Obama said. He added that he had asked Treasury Secretary Timothy F. Geithner “to use that leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole.”

Later in the day, a White House official disclosed that the administration would use a pending $30 billion installment for A.I.G. to recoup the $165 million in retention payments to A.I.G. employees in the business unit that brought the company to the brink of collapse last year.

“Treasury will be using this facility to address the excessive retention payments made to the A.I.G. Financial Products employees, which Treasury found to be completely unacceptable given that A.I.G. is already surviving on taxpayer funds,” said the official, who spoke on the condition of anonymity. “Treasury will be adding provisions to its new facility aimed at making taxpayers whole for the amounts of the offensive payments.”

Economy, Elite | Posted in Dictatorship Top Of Page