I know it has been a while since I last posted. Since my last post I have visited the Land of Enchantment. No, not the place where government dollars rain down on the downtrodden like a monsoon rainstorm and wealth is redistributed from producers to whomever has ever been aggrieved or suppressed. It was actually New Mexico, and it was nice to get away.
Things have not changed much since I left. We still have the Obama moron in the White House. We still have the hear no evil, speak no evil and see no evil triplets in Barney Frank, Christopher Dodd and Charles Schumer in Congress.
Let's see, Barney Frank saw no troubles with Fannie Mae and Freddie Mac that would require regulation. Chucky Schumer never met a TV camera he could not use for pandering to the liberal masses. And last but not least in the stupidity department is Christopher Dodd from Connecticut. Who would have thunk that the biggest recipient of campaign cash from AIG would slip a clause into the bailout that allowed them to use the federal bailout for bonuses. Then he denied it, then he tried to pin it on somebody else. Obama got a big pot of change from AIG too didn't he. Wonder why the indignant dope signed something that had a clause that allowed AIG to do what they did. Did he read what he was signing or was he bowling, selecting his teams for the NCAA pool or perhaps appearing on Jay Leno? Wonder if he had his teleprompters with him and it said "pay no attention to the clause that allows government bailout money for bonuses -just sign it"?
Now congress has become upset over the AIG bonuses and are going to tax AIG employees and others who receive such bonuses at 90%. I thought that the purpose of taxes was to raise money so that government could build roads, schools, bridges or just generally run the government. Look out, when it becomes acceptable to use selective confiscatory taxation against a group or individuals for punishment we open up Pandora's box. Who will be next to suffer the wrath of the federal government run amok?
Here is a little cartoon that shows Christopher Dodd for what he really is.
