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Let Obama be Obama

John C6 Wrote: Nov 22, 2012 6:14 PM

No, it was a bailout for the British and Europeans. The CDS contracts that ruined AIG were written overseas. Those contracts couldn't be legally created in the U.S., so AIG subsidiaries wrote them in foreign countries. Rather than a bailout, we should have simply seperated the U.S. operations of AIG from the foreign operations, and let the foreign governments who allowed these bad contracts to be created deal with their own problem. The bailouts were a mistake. Let's not repeat that mistake again.

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Let Obama be Obama

After his party's devastating setback in the 2010 midterm elections, Barack Obama was re-elected earlier this month by painting his Republican opponents as heartless in favoring lower taxes for the rich. They were portrayed as nativists for opposing the Dream Act amnesty for illegal immigrants, and as callous in battling the federal takeover of health care.

Republicans countered with arguments that higher taxes on the employer class hurt the economy in general. They assumed most voters knew that amnesties are euphemisms for undermining federal law and in the past have had the effect of promoting more illegal immigration. They tried...

Related Tags: Budget and Government Campaigns and Elections Illegal Immigration Obama Barack Obama Obamacare Taxes