Well, the Democrat Party to the rescue.... more like, the Taxpayers to the rescue... Can someone on the side of the Jackasses explain to me, what exactly is the criteria for Government bailout? One day, we see them refuse to save Lehman, the next day they are writing a check to AIG! WTF? Is this part of the Socialist Utopia? Democrat Big Brother gets to pick and choose who they like or don't like, and who will get help and who won't?
I personally deplore government bail outs. Unless it is an extenuating circumstance, like the airlines after 9/11, who were suffering through no fault of their own, I don't think government should get involved. Commercial enterprises have to deal with their own finances every day, without the safety net of government there to save them. If they can't make it, they can't make it... maybe because of incompetent management, maybe because of consumer disinterest, maybe because of economics. The question isn't why they went under, the taxpayer shouldn't be obligated to subsidize them.
AIG is an insurance company, they are in competition with many other insurance companies, and they have paid millions of dollars on commercials, advertising lower rates than the others, luring business to their company. Maybe they should have raised their premiums, maybe they should have run fewer commercials, as a taxpayer, it shouldn't be my problem to deal with. For whatever reason, they couldn't remain solvent, and that is not my fault, why do I have to pay for it?
Still, our lovely Democrat Congress feels compelled to sit on their throne in Washington and decide the fate of corporations, thumbs down for Lehman, thumbs up for AIG. What is the criteria? Maybe AIG customers are mostly Democrats? Maybe the AIG executives are big Democrat contributors? Maybe Lehman's execs didn't grease the right Democrat palms? Maybe the customers of Lehman are seen as "rich" to the elites in Washington? I don't know the answer, we aren't told why, even though it is our money being spent!
