Tag Archives: AIG

Freedom’s Wings 2009 Year In Review

First black president inaugurated.  Remember these empty words from the speech: “On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.”  He promised to “begin again the work of remaking America.”  My how he has begun that by remaking us into his community organized Marxist utopia.  And the lies continued with, “And those of us who manage the public’s dollars will be held to account – to spend wisely, reform bad habits and do our business in the light of day – because only then can we restore the vital trust between a people and their government.”

The President goes on to spend more in his first year than all other presidents combined.

Auto bailouts.  General Motors (GM) becomes Government Motors as the government becomes the majority shareholder.  President Obama, in an unprecedented move, fires the CEO of GM.

Insurance giant AIG almost goes under, but the government comes to the rescue again and provides a large bailout.  AIG subsequently passes out large bonuses to executives and parties big time on our dime.  “Outraged citizens” are bused around by ACORN to the different executives homes in staged demonstrations.

Obama spent the year circling the globe, apologizing for America everywhere he went.  Who can forget the Cairo Speech, UN speech, bows to Saudi King, Japanese Emperor and Chinese Premier and handshake with Hugo Chavez?

The President moves the Census from the Department of Commerce to the White House and attempts to have ACORN run it.

Obama does away with enhanced interrogation techniques and orders that only the Army Field Manual will be employed leading to…

No more “War on Terror”.  It is now dubbed the Overseas Contingency Operation and terrorists become enemy combatants and then just criminals.  Terrorists acts become “man-made disasters .”  In that vein, the decision is made by Attorney General Holder to try the 9/11 terrorists in New York City.  Obama begins to realize his dream of closing GITMO by releasing Jihadists to Bermuda and having the government buy a prison in Illinois where the detainees will be moved.

Attorney General Eric Holder also drops charges on Black Panthers who intimidated people at polling places and in a speech refers to America as a “nation of cowards.”

Maoists and Marxists are revealed to be rampant in the Obama administration.  Green Jobs Czar Van Jones steps down as well as Anita Dunn who declared Mao to be one of her heroes along with Mother Theresa.

Obama declares that he has saved the economy from the brink and the recession is over.  Economy has slight bump up, but stock market continues to yo-yo and financial bubbles loom in the future along with the collapse of the dollar.  Several countries suggest unhinging from dollar and seeking a new global currency.

The Porkulus Bill (Stimulus recovery) is passed and Obama promises to save or create 4, no wait 3.5, um make that 3 million jobs.  It has been an utter failure with rampant fraud and the few jobs created costing somewhere in the area of $200,000 each.  Record unemployment has reached levels as much as 10.2% federally with most states suffering much worse numbers.

Air Force One flying over New York City and the Statue of Liberty for a photo op, sending New Yorkers running for their lives thinking 9/11 is happening again.

Obama appointed Sonia Sotomayor as the first Hispanic to the Supreme Court.  A woman whom has made blatant racist comments and believes that policy is created from the bench.

The Beer Summit!  Who can forget the President jumping to conclusions and declaring that the Cambridge Police Force acted stupidly when arresting a friend of his, Professor Gates.  The President promptly invited his friend and Sgt. James Crowley for a photo op teachable moment at the White House and the three men drank beer around a table while accomplishing nothing.

Two omnibus spending bills full of pork and earmarks passed by Congress and signed by the President.  One has 9,00- earmarks and the other contains 5,000.  A separate Defense Bill contains several billion more in earmarks.  What happened to no earmarks?

Approval ratings for the President go into freefall.  An upper seventy percentage rating upon Inauguration eventually deflated to a 46% approval rating.

This year’s budget deficit: $1.6 trillion

Concerned citizens dubbed “right wing extremists” in a DHS Report entitled, “Right Wing Extremism: Current Economic and Political Climate Fueling Resurgence In Radicalization and Recruitment.”

Obama drops plans for a missile defense shield in Poland.

The Obama family brings home their family dog, Bo.  An expensive, hard to find breed and not a shelter dog.

Obama announced plans for Afghanistan surge of troops.  He chooses to send 30,000 although General McChrystal requested much more and soldiers I have talked to suggest at lease 100,000 are needed and probably more.

Obama meets the Queen of England and gives her an iPod already loaded with his speeches.  He gives the Prime Minister a set of DVDs that do not work in European machines.

The Heathcare Debate!  This has gone on for the better part of the entire year with a final culmination in the House passing a bill and then the Senate passing a bill. The bills now need to merge in committee.  The House plan has a public option while the Senate version does not.  The debate over government healthcare has outraged citizens and created deep dividing lines between socialism and the free market.

The healthcare debate and outrageous spending lead to rallies across the nation dubbed as Tea Parties.  And a movement was sparked!  Concerned citizens have gathered throughout the year at rallies, counter-rallies, townhalls and tea parties to protest government intrusion, taxes, and loss of freedom.  The goal has been to get America back to her founding principles.  Large gatherings happened simultaneously nationwide on Tax Day, Independence Day and a large 9/12 March On Washington that was attended by over one million people.  The tea parties caused liberals to lose their heads, like Janeane Garofalo who called tea partiers “red neck racists” and MSNBC commentators to call tea partiers “teabaggers”, and the President to pretend to be unaware of the protests and then finally refer to the rallies as places where people were waving around tea bags.

The President promises to dismantle our nuclear stockpile while North Korea test fires missiles and Iran ramps up efforts to make nuclear bombs.  Iran has ignored all international requests to cease and desist and the President and other leaders have been left impotent.

Miracle on the Hudson!  One of the few feel good stories of the year.  Pilot Chesley “Sully” Sullenberger was able to bring down a full airliner after a flock of birds took out both engines without anyone dying and only a few injuries, using the Hudson River as a landing strip.  People will recall images of the passengers waiting on the wings of the sinking plane as ferries raced out to rescue everyone.

The Swine Flu!  The name quickly was changed to H1N1 Virus and everyone fears that a pandemic is on the horizon.  America overreacts as only a few thousand die.  Far below the number that die from the regular seasonal flu.  Not enough vaccine is made available and rationing begins legitimizing fears that government run healthcare will lead to rationing.

The Iranian Protests!  A fraudulent vote puts Iamadinnerjacket back in power and outraged Iranians take to the streets in the summer.  The protests continue to this day as Iranians make their move toward full revolution to overthrow their corrupt government.  Obama gives no support and promises that we will “bear witness”.  Gee thanks, Barry!

Somali pirates!  Pirates have long been a problem, but until this year and remained largely ignored by America.  That was until the Maersk Alabama, an American ship, was hijacked.  Captain Richard Phillips offered up himself as a hostage as his crew locked themselves below deck.  For days we watched the pirates hold the captain hostage in a dingy.  Finally, the Navy SEALS took action and killed three of the four pirates and freed Capt. Phillips.  New reports from the crew disparage the Captain’s courage and claim he was captured because he was stupid, but it still was a great day for our military.

The Ft. Hood Massacre!  On November 5th, Jihadist Nidal Malik Hasan, a US Army Major, mowed down 13 people (14 if you count the unborn baby) and wounded 30 others at Ft. Hood in Texas.  A female police officer takes him down leaving him paralyzed from the waist down.  The President takes a long time to address the nation and spends the first two minutes of his comments giving a shout out and thanking everyone at the gathering he is at for a great time and is quite jovial.  Americans are left baffled by the man boy pretending to be a leader.  Obama tells everyone not to jump to conclusions – unlike what he did with the Cambridge Police.

Bernie Madoff commits the largest Ponzi scheme in history leaving millions penniless.  He is sentenced to 150 years in prison.

Roman Polanski finally arrested for a 1970s sex charge for drugging and raping a thirteen year old girl.  He is put under house arrest.

ClimateGate!!  The global warming hoax is up.  The Climate Research Unit of the University of East Anglia in Eastern Europe is hacked and emails are released to the public that revealed an effort to cover up cooling temperatures, efforts to shut down scientists who were debunking manmade global warming and revealing an effort to coach certain members of the media in how to report on climate change.  They deliberately changed, manipulated and deleted data.  This came out before the Climate Change Summit in Copenhagen and world leaders, including Obama, completely ignore it.

Ted Kennedy dies.  Boo hoo…

Susan Boyle blows us all away with the voice of an angel and the face of a troll.  She has become a sensation and sold more records internationally then anyone else.  The video of her break out goes viral with several million hits.

Governor Mark Sanford went “hiking on the Appalachian Trail” and came back from Argentina with tales of his lurid affair with a woman.  All prospects for this conservative to have a run at the presidency vanish and his wife leaves him.  Calls for his impeachment fail, but that won’t take away his title as “Scum”.

Governor Sarah Palin quits her job as governor of Alaska.  She claims to be stepping down because of numerous lawsuits that are wasting time and money for the state.  Supporters like myself think she has made a stupid move that has killed her chances at the presidency, but her ability to raise funds has soared.  Not to mention sales of her memoir which has broken records this year.

Obama wins the Nobel Peace Prize for doing…nothing.
Tiger Woods and his Mistresspalooza.  One of the most celebrated and inspiring athletes of all time proves to be a schmuck.  The list of women he has cheated with during his brief marriage grows and grows and came to light after his wife tried to attack him with a golf club.  For now, Woods has quit golf and his wife has moved out.

Fannie Mae and Freddie Mac, two entities behind the housing bubble crash are bailed out a few times and then given an unlimited line of credit…forever.

Debt ceiling raised to: $12.4 trillion

Jihadist attempts to blow up himself and a Detroit bound jet on Christmas Day.  He gets through security with a device hidden in his underwear.  He gets through also despite the fact he is on a watch list, has no baggage, pays cash and gets a one way ticket.  Not to mention he is Muslim and his father has reported his extremist ways to the US embassy.  American security has egg on its face and, thanks only to a bad detonator and a brave Dutchman, no blood on its hands.  The President waits three days to address the country about the attack and is weak.  Janet Napalitano, Secretary of Homeland Security, claims everything went well and then backtracks.  We are still waiting for her resignation.

And finally the people who died this year: Natasha Richardson, David Carradine, DJ AM, Walter Conkrite, Farrah Fawcett, Paul Harvey, Billy Mays, Les Paul, Karl Malden, Patrick Swayze, Ricardo Montalban, Ron Silver, Dom DeLuise, Director John Hughes, William Safire, Soupy Sales, Jack Kemp, Roy Disney, Bea Arthur, Dominick Dunne, Ed McMahon, Brittany Murphy and Michael Jackson.

Good riddance 2009!!!

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While We Watch AIG, The Treasury Destroys The Dollar

The Federal Reserve is desperate to do something to keep the financial sector afloat and apparently China is no longer buying our debt.  So while the country watches the 24/7 news cycle on the AIG bonus smackdown, the Fed is going to buy more than $1 trillion in Treasury and mortgage-backed securities.  This will devalue our currency further and set up inflation. 

Analysts were also surprised to hear that the Fed will buy up to $300 billion in long-term Treasury securities over the next six months.  And also there are plans to buy another $750 billion in mortgage-related assets.  The Fed also has interest rates sitting at almost 0%.  We are set up for a financial meltdown.  A depression must surely be coming our way.

“In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability,” the Federal Open Market Committee said in a statement.  Really?  Sure sound like it to me.

House Passes UnConstitutional Bill To Tax AIG Bonuses

As quickly as they could, the Democrats in the House passed a bill to slap punishing taxes on AIG bonuses.  The bill imposes a 90% tax on these bonuses that were contractually guaranteed to AIG employees.  These same contracts that both Congress and the President knew about for some time.  Bonuses that Senator Dodd made sure to exempt in his amendment that was included in the Porkulus Bill.  Guess somebody should have read that monstrosity.  Now it appears Congress thinks they can make everything alright by taxing these bonuses to death.  Talk about an over-reach.

What is even worse is that this move is quite unConstitutional.  Article I Section 9 of the Constitution describes the limits on Congress although they obviously believe they have none.  One stipulation reads as “No Bill of Attainder or ex post facto Law will be passed.”  Here is what ex post facto means:
ex post facto adj. Formulated, enacted, or operating retroactively. [Med Lat., from what is done afterwards] SIn U.S. Constitutional Law, the definition of what is ex post facto is more limited. The first definition of what exactly constitutes an ex post facto law is found in Calder v Bull (3 US 386 [1798]), in the opinion of Justice Chase:

1st. Every law that makes an action done before the passing of the law, and which was innocent when done, criminal; and punishes such action. 2d. Every law that aggravates a crime, or makes it greater than it was, when committed. 3d. Every law that changes the punishment, and inflicts a greater punishment, than the law annexed to the crime, when committed. 4th. Every law that alters the legal rules of evidence, and receives less, or different, testimony, than the law required at the time of the commission of the offense, in order to convict the offender.

The members of the House are sworn to unhold the Constitution!  And not only that, but both Dodd and Frank should be impeached immediately for their hand in this housing crisis and for their further actions. Those that doth protest so much are obviously hiding something. And keep in mind, no matter how angry you may be at AIG over these bonuses, if they can do it to them then they can do it to you.

Fourth Bailout For AIG!?

The imbecilic TARP bailout’s poster child appears to be American International Group (AIG).  At least the poster child for what government interference creates.  If the first bailout did not work, what makes the government think further bailouts will work?  The definition of insanity is doing the same thing over and over and expecting different results.  Now you know why I call our government insane.

Today the government has announced a revamped rescue package to AIG and plans to give the insurance giant another $30 billion like a revolving credit line.  The reason the company needs another bailout is because it has burned through the cash the tax payers have already given to it and cannot find any buyers for parts of the company that it has put up for sale.  Those pieces of the company need to be sold so that the government can be repayed for the current aid package which just happens to amount to $150 billion.  AIG lost $61.7 billion in the fourth quarter of last year.

AIG’s chairman and chief executive Edward Liddy was on NBC’s “Today” show this morning and said, “We’re going to be able to pay back the Federal Reserve. The new $30 billion is a standby line. It’s not necessarily something that we think we’ll have to draw on right away.”  I feel confident in that promise. 

Anybody else feeling hosed?

Former Marine Sues Government Over AIG Bailout

     I was angered over the multiple reports that have been documented since AIG (American International Group, Inc.) received their first bailout from the government.  These were reports of lavish parties in swanky hotels.  But this lawsuit that a former Marine, Kevin J. Murray, has filed against U.S. Treasury Secretary Henry M. Paulson, Jr. and the Federal Reserve Board takes the cake.  The lawsuit is meant to stop all bailout funds from going to AIG.  The lawsuit claims that the U.S. government is violating the Constitution by promoting and financing terrorists’ activities against America using American tax dollars through its ownership of AIG.        

     According to the lawsuit, AIG is promoting Shariah-compliant businesses and insurance products.  In order for a business to be Shariah-compliant it must comply with the 1200 year old body of Islamic cannon law based on the Quran.   Some parts of that law demand the conversion, subjugation, or destruction of the infidels which includes Jews, Christians and America in general.  AIG employs a three-person Shariah Advisory Board to help it make sure that businesses are compliant and this is done with the aid of federal tax dollars.  Members for this advisory board come from Saudi Arabia, Bahrain, and Pakistan. According to AIG, the role of its Shariah authority “is to review [its] operations, supervise its development of Islamic products, and determine Shariah compliance of these products and [its] investments.”  Uh huh…

     One of the advisory board members comes from Pakistan and his name is Dr. Muhammed Imran Ashraf Usmani. Dr. Usmani is the son and disciple of Sheik Mufti Taqi Usmani who is considered the leading authority on Shariah financing and authored a book in 1999 that dedicated an entire chapter on reasons why a Western Muslim must engage in violent jihad against his own country.  This in spite of the fact that Muslims are given equality and freedom to proselytize and practice Islam here in America.

     Kevin Murray, the Marine who filed the lawsuit, served two tours of duty in Iraq.  The lawsuit was filed in the Federal District Court for the Eastern District of Michigan.  The Thomas More Law Center is representing Murray along with David Yerushalmi who is an attorney that specializes in litigation and is an expert on Shariah law and Shariah compliant financing. Mr. Yerushalmi serves as general counsel to the Center for Security Policy in Washington, D.C. as well.
     Our Constitution has an Establishment Clause that is part of the First Amendment.  That clause states that “Congress shall make no law respecting an establishment of religion”.  The lawsuit claims that AIG by using taxpayer funds that the Secretary of Treasury handed over to them violates this clause by promoting, endorsing and funding Shariah-based Islamic religious practices.  I didn’t mention the FED because they are actually not a part of the government – another Constitutional violation. 
     Richard Thompson, President and Chief Counsel of the Thomas More Law Center, said, “This lawsuit not only raises significant constitutional issues, it also shines a light on serious national security issues that our own government has created by direct financial support and ownership of a business that supports anti-American, radical Islamic activities. Make no mistake, there is an internal cultural jihad underway against our great nation, and I fear that many of our political leaders are unwittingly complicit in it.”
     How ironic that our tax dollars which Kevin Murray also pays are funding the global jihad that he defended this country against.  Now he has come home and has to defend the country once again, but this time it is on American soil and it is against the American government.  If you have not already been outraged by these bailouts like I have been, then I imagine this should tip the balance for you and it should really piss you off to know that AIG acknowledges and even brags about its promotion of Shariah-based business practices.  And this should cause your head to explode:  The federal government via the U.S. Treasury Department co-sponsored a seminar in November of this year entitled “Islamic Financing 101”.  The Seminar was jointly sponsored by Harvard University.  Thompson said in regards to this, “It is clear oil money is purchasing the sovereignty of the United States and whatever loyalty to America these greedy financial institutions, corporations, and universities have left. It’s up to the American people to take back their country from those who so easily betray its interests,” Thompson continued, “This lawsuit is as much about protecting constitutional principles as it is about protecting our national security and preventing another 9/11 – whether it be overt through flying planes into buildings or covert through appropriating taxpayer money to fund an Islamic cultural jihad.” 
     For more information click here.

More Bailouts Foreshadow Global Economic New Order

Today, we are hearing the name of the insurance giant AIG in the news once more after having received another government bailout.  The FED announced that AIG has been given an additional $40 billion.  That brings the total government (taxpayer) money paid out to AIG to $150 billion.  This is all on the heels of stories about AIG conducting expensive gatherings for salesmen and big executive bonuses.  And now the big American auto makers are begging Congress for their own bailout.  And Congress and President-elect Obama are talking about a second stimulus package for America.

STOP THE INSANITY!  We don’t have the money to be doing this kind of thing.  We have the currency because we’ve been printing it in overdrive, but there is no value behind it anymore.  It’s basically paper and ink.  And what is even more fearsome is that China, who has been the lender to the world, has had to issue their own economic stimulus package to the tune of $586 billion yesterday.  So what is really going on out there?

First, put on your tinfoil hat because I’m going there.  This next weekend there is going to be a summit called the G20.  The G20 is the same thing as the G7 or G8 except more nations are involved.  The prime minister of Britain will be speaking at this meeting and has revealed some of what he expects to discuss by saying, “The British Government … will begin to begin a new Bretton Woods with a new IMF [International Monetary Fund] that offers, by its surveillance of every economy, an early warning system and a crisis prevention mechanism for the whole world.”  Gordon Brown also claimed that Europe and the US must lead the move towards a “truly global society”.

Talk has also been spreading over the last few months of a move towards a one world currency.  In September, five of the six oil rich Gulf Cooperation Council – Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates – approved a proposal to create a monetary union.  Glenn Beck reported this last month about the rest of the world’s interest in one currency and a new world order:

I’ve done my share of study on Biblical prophecy.  I’m not sure where I stand on all the end-times scenarios.  Preterists believe that everything but Christ’s second coming has occured when looking at prophecy and history.  I can see the truth in that.  But I can also see the truth in a future fulfillment of prophecy that encompasses the Anti-Christ and a One World Government.  We will not know for sure until the time happens, but I believe in being prepared.  And I believe that we should watch these world events with an eye towards the future and what all these “baby steps” may mean.  I embrace the second coming of Christ and so I do look forward to a fulfillment of end times prophecy and yet, I want to be on this planet in this life for as long as possible so I plan on fighting some of these developments to the best of my ability.

We are truly in a time of much needed prayer.

Stop The Insanity – AIG Gets Another Bailout?!

The government started a horrible precedent months ago when it opened a discount window at the Federal Reserve.  Now they have continued down the road of government fixes with bailout after bailout.  About a month ago AIG,the big insurance company for investors, came to the govenment in need of help.  They saw the government helping others and decided to go that route.  The government gave (loaned – yeah right) them $85 billion dollars.  As a show of gratitude to the American people who now own 80% of the company, AIG took a bunch of their top sellers to St. Regis Resort which is a posh resort in California.  This occured a few days after the bailout.  The cost of this little shindig adds up to $440,000 with $23,380 going towards spa treatments.  Gosh, how long has it been since I’ve had a spa treatment?  Glad I could help them out.  And surely you have heard that a motivational retreat is scheduled for next week at the Ritz-Carlton in California’s Half Moon Bay.  And now today AIG comes forward and it seems they miscalculated and need a little more money.  So the Fed, ha ha get this (imagine me laughing like a crazy woman) designs this little plan that doesn’t sound quite like a bailout.  The New York Fed will borrow $37.8 billion from AIG in investment grade fixed securities in return for cash collaterol.  Ha ha (still sounding nuts) that’s great, we actually get something for our money!

ARE THEY INSANE!!!???  How much longer are we going to put up with this crap?  The government hasn’t learned their lesson yet and keeps trying to twist the market to get it to work.  Today the world lowered interest rates .5% to get the stock market up and of course it didn’t work – again.  And these companies have learned nothing.  I actually agreed with Barack Obama on something last night.  AIG needs to cough up $440,000 right now and pay back the government.  These CEOs need to cough up their bonuses as well.  You don’t get rewarded for driving companies into the ground and setting the free market into a tail spin because of your cheating ways.  And the government needs to back away right now.  They haven’t even waited long enough to see if the first measures they took will work.  And we’re getting screwed!