Archive for Politics
Ron Paul on Keynesian Economics, Great Depression, & the Current Crisis
Posted by: | CommentsPart 1:
Part 2:
Racism in international politics
Posted by: | CommentsHow can the leader of an entire country make such a statement? Not to mention that NONE of the major news organizations are covering it. What would happen if this situation was changed slightly, say with a different country’s leader that happened to be Caucasian, and the accused race changed to anything other than Caucasian.
http://www.ft.com/cms/s/0/ae4957e8-1a5f-11de-9f91-0000779fd2ac.html
Telling it Like It Is
Posted by: | CommentsIf only we had legislators in our country that could tell things like they really are. The USA is very much like England in that we owe tons more than we produce and that we are economically weak. It is time to demand real change, restore constitutional government and end The Federal Reserve private centralized banking system. It is time to return to a Gold Standard and stop devaluing the US Dollar by creating more and more un-backed money.
Last but not least, it is time to make obama and all of our elected officials obey the constitution that they swore to uphold and defend. Democrats and Republicans are both corrupt and DO NOT have the well being of our country in their best interest. They repeatedly DO NOT follow the constitution and pass unconstitutional bills/laws. The present and former presidents do think twice about signing these unconstitutional things into law. Allowing unconstitutional laws to come to life causes the degredation of our liberties and freedoms. Whether or not people want to admit it, our country is heading into a fascist police state led by a tyrannic BIG government. I have yet to see a mainstream media outlet report on the bills that just passed in the house and senate that open up the doorways for MANDATORY SERVICE to our country. This is real and almost signed into law. You, your friends, your children, and other family members could be FORCED to serve the country for a fixed period of time. This is not and never was the intention of our founding fathers–in fact this type of government is exactly what they opposed and separated from.
A Turd (AIG) with a different name is still a Turd
Posted by: | CommentsAIG is supposedly looking to overhaul their name…you know…that three character acronym has been a bad word in recent news. A piece of poop is still a piece of poop, even with a new name. Why is this company even standing anymore? Socialist obama is keeping them propped up–not for the good of our country, but because they lined (and probably still continue to line) his pockets.
http://www.msnbc.msn.com/id/29834658/
NEW YORK - Workmen rolled up their sleeves at American International Group Inc this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer that has become the scorn of America.
A spokesman said the company had decided to replace the large AIG sign — outside the entrance to its property-casualty offices — as part of its plan to change that operation’s name to AIU Holdings Ltd.
The move is designed to “distinguish these well-capitalized businesses from AIG,” said a second spokesman.
The signage is outside the company’s Water Street offices, around the corner from AIG’s Pine Street headquarters, which has long only been marked by an understated brass plaque inscribed “American International Building.”
AIG has said it may sell the headquarter building, as part of its drive to raise funds to repay its debt to the U.S. government.
The AIG name, once the proud moniker of the world’s largest insurer, has become tainted since large losses on mortgage bets necessitated a government bailout of $85 billion last September. Twice since more aid has been given to AIG, with the rescue now costing U.S. taxpayers up to $180 billion.
The AIG name has become even more tarnished in the past week, after a scandal erupted over bonuses to executives of a controversial financial products unit that caused much of the $100 billion in losses over the past year.
A rebranding to distance the giant insurer’s sprawling operations across 130 countries away from the AIG name are likely to continue.
“I think the AIG name is so thoroughly wounded and disgraced that we’re probably going to have to change it,” Liddy told a U.S. House of Representatives subcommittee last Wednesday.
What’s in a name?
AIG’s roots date back to China in 1919 but it has only carried the American International name since 1967, when the new company was incorporated to hold the shares of the group’s growing insurance operations.
Since AIG’s bailout last September, other of the company’s businesses have also rebranded, in most cases returning to earlier names.
A U.S. auto insurance unit, AIG Direct, for example, has changed its name back to 21st Century, the name it used until 2007 when AIG, already a majority owner, acquired 100 percent of the company.
In the case of AIU Holdings, the company said earlier this month that it was renaming its global property-casualty business ahead of plans to eventually spin off about 20 percent of this business in a public stock offering, and could sell off more over time.
Ron Paul on the AIG Bonuses
Posted by: | CommentsRon Paul explains the real problem, the Federal Reserve, on the floor 3/18/09. Enjoy.