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Tuesday, March 24, 2009
Cal  Thomas :: Townhall.com Columnist
Channeling Anger
by Cal Thomas
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


Next week, millions of tourists will begin the annual ritual of visiting Washington to see the cherry blossoms bloom. They might wish to organize a bus ride up to Capitol Hill and make their blooming idiot senators and congresspersons feel their wrath. Then they should go home and organize tea parties and anything else that will unite them with others in the fed-up community, and then vow to throw these bums out come the 2010 election.

Their list should include Rep. Barney Frank (D-MA), Speaker Nancy Pelosi and especially Sen. Chris Dodd (D-Conn). In a brazen example of political bipolarity, Dodd stated contradictory positions in just 24 hours. First, he claimed to have had nothing to do with a bill that sent bailout money to AIG. A day later he said he did, indeed, have plenty to do with the bill, but that he succumbed to pressure from the Treasury Department not to cap bonuses.

No political fish should be too big to touch and goodness knows fish like these have been stinking up Washington for far too long. Showing the most powerful the door is the only way we can liberate the country (and ourselves) from these overpaid, egotistical, self-centered, corrupt, uncaring pack of rats.

Voters should force term limits on these power-hungry, money-grubbing people (I'm talking Congress, not AIG). And by the way, if Congress is successful in prying all or most of our money from the tight-fisted hands of AIG executives, how about a provision that would force every member of Congress who took campaign money from AIG to rebate the taxpayers?

If the public doesn't rise up and stop this political coup of private industry, we will all be the worse for it. While AIG is paying for its real and perceived sins, the company's mistakes should not be a pretext for politicians to accrue more power when they have abused the power they have.

That should make us all angry and we should channel that anger right back at the politicians most responsible and clean House (and Senate) in November 2010.

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About The Author
Cal Thomas is co-author (with Bob Beckel) of the book, "Common Ground: How to Stop the Partisan War That is Destroying America".
 
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Allow me to help, ty Grover Norquist
In 2007 the dems installed in congress and the dow began to slide - because everyone knew that the Bush tax cuts were then set in stone to expire in two years, becuase the dems would not extend them.
Now just imagine if the THEIFS in Congress now did one simple thing - WROTE A BILL THAT MADE THE TAX CUTS ON DIVIDENDS AND CAPITAL GAINS PERMANENT.
We'd have one heckuva jumpstart from that alone - they have all been planning on their expiration, sullenly counting and trying to include the tax losses in their books... and that immediate reversal would free up a lot of dough and pick up the spirits of the market and the investors.
Have you seen the evil dems do that ?
NO.
They have done something worse- THEY HAVE GUARANTEED MASSIVE TAXING in the years to come - and now they HATE wall street bonuses (or so they posture) - still who wants to be dragged in front of a bunch of vile hypocritical scribes and falsities on their holier than thou lib screed, and still you have to jam millions of dollars in their pockets after their public superiority lying display.
I could care less if they die, in fact I hope they do. Really, it would be great.

Too big to fail
The question noone seems to be asking is how many "too big to fail" companies are all over and out there on every wall street there is.
It seems to me that AIG is an example of a near empty shell - and if you watched Geithner's testimony, we are supposed to believe that the total loss derivatives crew company (the ones who guarded their bonuses in contract before their burning ship went down) - has a bunch of TRIPLE A + financial equities that the government can, with taxpayers money at half, and private investment the other half, buy up with 7X leverage, and have an absolute near perfect chance of getting all the money back and maybe making some.
The question is, if that were true, why would AIG need the government to do it ?
Yes, it was quite a fancy circus, timmy yappering out how the burning ship crew of AIG secured their massive bonuses as their worthless derivatives crumbled and they told themselves our creditors are coming after us - and NOW- after mor3e emltdown, timmy is buying triple A+ rated stuff from the burned out shell of AIG at the bottom of davey jones locker.
It's no wonder the financial criminal wizards whipped up new and untenable instruments that they could all suck a few hundredths in fees from everytime they traded and swapped and finagled them around in one giant 300 trillion dollar SUCKING SOUND.
The truth is they just leeched what little value there was after the loan company got their cut for making the loan, and another cut for bundling and selling, and the rating agency took their bit, and the brokers took their chunk - and the derivativers kept raking their cut off - DEATH BY A THOUSAND CUTS -
There is NOTHING there. No there there, my friends - and the hope now is THAT THE ILLuSION OF VALUE CAN BE KEPT ALIVE....
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