Obama’s Campaign Contributors Benefit From Bailout

Hat Tip to Bob Owens at Pajamas Media

……The Obama administration is allowing AIG to bail out the rest of the world with your tax dollars.

So by all means, the president is happy to have you railing at “evil” but relatively small potatoes AIG executive bonuses, as it points your outrage away from his own far more costly executive abuses.

And of course, the re-distributor-in-chief hopes you won’t notice where much of the rest of the AIG bailout cash is being spent.

While $58 billion of your tax dollars — or more accurately, your children’s tax dollars — are being used to pay foreign banks, a substantial portion of that money  ($43.5 billion) is being used to pay American banks, including Goldman Sachs, Merill Lynch, Bank of America, Citigroup, Wachovia, Morgan Stanley, AIG International, and JP Morgan.

……Individuals identifying themselves as working for the banks above gave Barack Obama’s presidential campaign $3,617,724. In other words, more than 3.6 million reasons for the president to help focus the media’s glare on the relatively minuscule $165 million in AIG executive bonuses, and away from their $43.5 billion portion of $100 billion of taxpayer dollars the administration, by design or incompetence, filtered to other banks through AIG.


As he says at his blog Confederate Yankee:

  • this outcome was entirely predictable result of willingly turning a blind-eye to the fact that Democratic Party owes more to corporate donors than the Republicans, and have for quite some time
  • the liberal practice of trying to spend wads of other people’s money doesn’t just reach into the pockets of the opposition
  • when you elect a President based on rhetoric instead of competence, you get predictably dismal results
  • it’s better not to yell “who stole our country?” when you’re still wearing your mask and waving your cap gun


Oh yeah, forgot to mention: Dear Leader Obama received $103,000 in AIG contributions.

All of a sudden Liberal Dems are starting to get a bad case of buyer’s remorse.

To all the proponents of “change”: How’s that working out for you?

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