Time dilutes outrage over AIG
As always happens, “Time” has diluted the disgust and outrage over the bailout of the “too big to fail” AIG company. Public attention has moved on. In total, our government, despite the will of the people, has provided four separate bailouts and over $180 Billion Dollars to this company, so that it would not “Fail”. Counting all the other giants who received bailout money, the total jumps to $800 Billion Dollars. And what has been done to prevent the situation from happening in the future? Not a damn thing.
Our government (more specifically, the politicians in our government) have phenomenal skill at diverting the public’s attention away from issues that make them look bad. If no crisis exists, they will invent, instigate or just plain create one to suit their purpose. The liberal press, either so stupid that they fall for these deceptions or complicit in the deception themselves, follows step by step. A choreographed display of deception and misdirection.
And what becomes of all these companies who were deemed “too big to fail”? Nothing.
Will there ever be an investigation into the political associations they had with congress? Doubtful.
Has congress done anything to prevent it from happening again? Nope.
Why? Why would our trusted, elected leaders do nothing? Where is the outrage and demands that these companies are broken up so that they are no longer a threat to our economic security? If our congress truly believed that these companies were “too big to fail” then assuredly they must support that they be broken up – to prevent this from happening again. Furthermore, they MUST support that NO company should EVER be in a position where it would become “too big to fail”. For if it does, it would threaten our national [economic] security, just as AIG has done.
But there is no outrage. No calls for breaking up AIG or any other company who got bailed out with taxpayer money. No discussions about preventing companies from becoming too big to fail. No concern that some other company will come along and also need a bailout – to protect the country, of course. There are no congressional hearings. No investigations. No indictments. No lawsuits. No calls for impeachments. Why?
There is only one explanation as to why? Because the entire “too big to fail” argument was a gigantic payoff for all the money these companies have spent on lobbyists over the last 20 years. Basically, these companies went to the politicians that they put in office and said, “We put your ass in that chair, you got us in this mess, and now you’re going to bail us out of this mess or we will put your ass out.” Of course, it really didn’t take that much persuasion. With corruption so entrenched in our government it wasn’t so much as blackmail as it was collaboration.
Don’t expect any actions being taken to prevent this from happening in the future. We must accept the fact that we got “rammed up the ass” and move on. It is too late to do anything about it now. Just make sure that you remember this as we move into the next election cycle. When we get our new congress, we can then hold hearings and have these scum suckers thrown in jail or hung from a tree.