Tag Archives: conservative blogger

Mail Bag: Matt Delves Further Into AIG

First off, I’d like to thank all of you that have been e-mailing me with your great comments and opinion.  I really appreciate comments from both sides, as that is what makes blogging worthwhile.

Anyway, this morning I recevied an e-mail from Matt C. that looked further into AIG and the current state of the economy.  It truly is a wonderful article that puts all of our current dilemas into perspective, and gives a good look on the AIG bonus issues.  Everyone should read this article!

Get the whole picture about AIG out there.  I researched the facts and wrote a comprehensive article and am trying to get this out there.  We all know if we work together, talk with one comprehensive message we have a better chance of making real change in Washington.  This is not about Democrat or Republican, its about Liberty and Freedom.

The real tragedy behind the $165 million dollars in AIG retention bonuses is that our political leaders have used it to take more of our rights away.  Last week, the House, voted 328-93, to approve a bill they didn’t read, that would impose a 90% surtax on bonuses given to employees with household incomes of $250,000 or more at companies that have received at least $5 billion from the government’s financial rescue program. This legislation was derived from the tremendous outrage & media sensationalism created by Congress and the Obama Administration. In other words, they justified ignoring the 16th amendment of the United States Constitution by stirring up decent between economic classes.  Sen. Christopher Dodd, the chairman of the Committee on Banking, Housing and Urban Affairs, justified it by saying, “This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers,” President Obama’s justification was nothing more than finger pointing.  He asked “How do they justify this outrage to the taxpayers who are keeping the company afloat?” he went on to declare “This is a corporation that finds itself in financial distress due to recklessness and greed”.  Note to Obama:  When you point a finger, three are pointed back at you.

In 2007 Obama’s net worth had increased from 700k to 4.7 million dollars and he now has a $400k a year salary and all of his expenses paid.  Sen. Hillary Clinton’s average net worth, adjusted for inflation, grew from negative $6 million to $30.7 million between 2000 and 2006.  Sen. John McCain of Arizona reported a $27.6 million surge in his average net worth from 1995 to 2006.  Senator Dodd’s net worth was $101,000 in 1967 and in 2007 was 1.5 million but is now over $3.5 million.  Our congress expressed such outrage and distain for a measly $165 million dollars in bonuses to executives (many of which agreed to a salary of $1 for the year) when Congress’s collective net worth is around 3.6 billion dollars.  It appears as if our elected officials may be the one’s that are enriching themselves at the expense of taxpayers.

After two months, the Obama administration and our one party government have proposed legislation that will result in the worst deficits “ever”.  By “ever” I mean that if every deficit over the past 220 years (since George Washington) were added together, the sum would be less than the deficits their budget proposal will create ($1.8 trillion this year, $9.6 trillion over 10 years).  This increased spending comes during the worst World Economic Crisis since 1933.  There is a universal belief that increased spending and protectionist policies were the primary cause of the Great Depression.  The recent stimulus packages, Obama’s proposed budget and protectionist policies have fostered anger and worry from most foreign leaders (G20 leaders).  As a result, Obama’s ability to lead us out of an economic crisis is being questioned around the world.  So, how is he in any position to be commenting on financial distress due to recklessness?  Furthermore, what gives our elected officials the right to ignore History and make the same mistakes that lead to the Great Depression and WWII?

Over the past 30 years we have allowed our political leaders to make countless compromises in an effort to further their party’s agenda.  These compromises are in large part the cause of the world’s worst economic crisis since 1933 (76 years) and the implications surpass those of the Great Depression.  Our liberty, prosperity and security are at stake and therefore, it is not a time to debate, it’s a time to demand.  Demand that our government abides by the constitution.  We must demand that our unalienable rights, Life, Liberty and the Pursuit of Happiness are secured and that our Government derives their just powers from the consent of the governed.  It’s high time that we do our duty as American Citizens, pound our fists on the Capital Door and demand that our leaders listen or leave office.  There is no excuse for our elected officials to serve themselves instead of listening to the people they serve.  If our elected officials want to ignore history, the Constitution, and US Citizens by spending us into oblivion, than they need to be held accountable.  There should be a 90% tax on their $170,000 a year salaries and  $50,000 a year pension plans when their outrageous decisions result in an economic collapse.  Their assets should be put up as collateral for the trillions of dollars that we now have to borrow primarily from communist countries.  We do not work for the United States Government, Congress or The White House.  They work for us and a reminder is way past due.

What do you think of Matt’s article?  What do you think of the whole AIG mess?  Leave your comments below or e-mail you in depth response to theconservativejournal@gmail.com and see it posted on this site!
Thanks for reading!

Rick

Advertisements

2 Comments

Filed under AIG, Mail Bag

Month in Review: March 2009

For those familiar with the “Week In Review” feature, this is virtually the same thing, it just spans a longer time period.  It’s a little more compact, though.

Site News

  • This month we added an RSS Feed, as well as e-mail subscription.  Make sure you sign up today!
  • We also became “hip” with a Facebook page.  To visit our page and became a fan, click here.  Don’t forget to tell all your conservative friends about The Conservative Journal!
  • The Hall of Fame page.  You can find the best guest comments and articles here!
  • We added the following recurring series:
    • DUmmies Exposed- Exposing those on the left that are morons.
    • Mail Bag- Bringing the best comments and e-mails to the front lines.
    • No Politics Tuesday- We have to break from politics some time!
  • We capped off the WikiGate Project and chose Joy Behar as the main conspirator.
  • And we entered the top 10 on two blog ranking websites, top 11 on one, and the top 20 on two others.  The differences in position are based on how the sites are ranked, and each site can be found under the subscription area.  Thanks to all the readers that made this possible!

Month in Numbers

  • 31,645 page views

Top 20 Posts and Pages of the Month

  1. Top Pages
  2. Possible Candidates for 2012
  3. The Chosen One Will Triumph in 2o12 Against Sarah Palin
  4. Mail Bag: Ron On National Debt
  5. Laura Ingraham Sets the Record Straight
  6. The Saga of Princess Pelosi the Magnificent
  7. The Conservative Journal, Now With RSS!
  8. Barack Obama Reads This Blog
  9. What’s Everyone’s Beef with Meghan McCain?
  10. Suspect #1: Nancy Pelosi
  11. Meghan McCain Disses Ann Coulter
  12. UPDATE: Meghan McCain Has Choice Words for Laura Ingraham
  13. Top 10 Senate RINOs According to Human Events
  14. More From the World of Meghan
  15. American Idol Top 10 Results Show
  16. I Had an Inspiring Dream Last Night
  17. American Idol Top 10- Recap
  18. Recovery Countdown: Check This Out!
  19. PolitiFact OBAMeter: Check This Out!
  20. Charlie Rangel Can’t Read His Own Writing

Posts and Polls from the Month

Look towards the bottom of these “Week in Review” posts to see every post from each week of the month, in addition to results from each poll of the day from the month!

1 Comment

Filed under Month In Review

Poll of the Day: Who Was Your Favorite On American Idol?

If you missed the show, you can read the recap here.  Who did you enjoy the most on American Idol’s top 9 episode?  Don’t worry those that don’t watch, there’s a choice for you too.

Thanks for participating!

Rick

1 Comment

Filed under American Idol, Entertainment, No Politics Tuesday, Television

Sorry For the Lack of Posts Yesterday!

I’m really sorry that I missed out on posting on Friday.  I had an extremely long day at work and didn’t arrive home until quite late.  Just wanted to let everyone know that I at least had somewhat of an excuse. 🙂

Thanks for reading!

Rick

Leave a comment

Filed under Site Information