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  • #20
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    @jessejaymes - they might take back suing after being waterboarded. Then we should just send them to North Korea. Lol in our psychology class we could volunteer to be waterboarded, I did it and will say even when your prepared it still is frightening, and I could have pulled the rag off my mouth at any moment....it would suck if your arms were tied down. Im sure they would concede.
  • #22
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    @kirbstomp1 I think everyone who has voted yes on a Pork Barrel Spending in D.C. for the past 12 years should be waterboarded and then again next time they do it and every time. We might actually see some common sense behind it.
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  • #17
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    Just think about how much money the taxpayers would have saved if we had never bailed them out to begin with. Now a lot of government attorneys will have their plates full for awhile.

    I'd also like to add that it's bailouts like this that pushed a lot of republicans over the edge. We watched for eight years as Bush used his political capital to engage in nation-building abroad, faith-based initiatives, NCLB, stem-cell research ban and DOMA... all while caving on economic issues like fixing the housing bubble before it blew, kicking entitlement reform down the road, and abandoning any attempts to balance the budget... Even without figuring in the cost of two wars...

    All we needed was something to rally around... A spark... or in this case...

    A Rant
    http://www.youtube.com/watch...
  • #41
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    Now I'm well aware that "Chutzpah" is one of the nicer ways of saying "balls" or "cajones" and it has the added benefit of not stoking the ire of the Feminazis but if someone was looking for something to be offended with they could cite the use of a Yiddish word to describe the implied greed of bankers as "reinforcing negative stereotypes."
  • #42
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    It's a good thing that I'm not someone looking for something to be offended with. I might jump to a wrong conclusion like the people who took offense at this story...

    http://politix.topix.com/homepage/4051-school...

    or this story...
    http://politix.topix.com/race/1058-pa-county-...

    or this story...
    http://deadspin.com/5886504/fired-espn-editor...

    or this story...
    http://today.duke.edu/showcase/lacrosseincide...

    or this story...
    http://www.washingtonpost.com/blogs/erik-wemp...
  • #118
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    Do you actually believe the taxpayers would've saved any money? I don't believe that bailing out any of those corporations was a good idea. But I do believe Obama would have found a different way to spend the money anyways.
  • #14
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    They should sue. Obama violated Laissez-faire ideas with the bailouts. Should of let them collapse along with Detroit. Now they can go back and get back the money they had to payback and there is nothing anyone can do about it.

    Good going democrats. This is what you voted for.
  • #30
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    "Laissez-faire government is based on the idea that government stays out of economy. During the English industrial revolution, all sorts of factories were beginning to spring up, with absolutely no regulation by the government. These factories led to a new bourgeoisie class, which was not noble by birth, but rich nonetheless by owning factories. The government's unwillingness to interfere with business led to low pay, long hours, and unsafe working conditions for factory workers. It also allowed for child labor and other now outdated practices. The boom-bust cycle is also a major problem that occurs when business is not regulated by government. "
    One can only assume you are referring to this^^^.
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  • #8
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    Next time our government wants to meddle in the free market, we need to remember this. Government is for governing and failed businesses need to fail.
  • #18
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    well said. If you're too big to fail, then you're too big to succeed as well. Since when are businesspeople guaranteed profits or success? Since when was that the job of government to ensure the success of every American business??? Our right to PERSUE happiness is protected, not our actual happiness! AIG and all the bailed out companies must really enjoy sucking off the federal teet... and now they want is to change their diapers too! unbelievable...
  • #55
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    The entire insurance industry is a parasite. Insurance should be illegal. The government should provide a safety net in case something happens and you can't afford it in cases like health care, housing damage from fires, floods and other disasters even robbery(but if the robbery is caught make the robber pay all of it), and serious car accidents (if the one responsible can't afford it, but put the guy on a with-interest loan program to pay the taxpayers back and then some), but other than that people should pay for their own.
    People shouldn't get paid to take bets from people wagering that something bad will happen to them.
    Even for fun, we wouldn't allow a casino on every street corner. Legalized insurance is just like this only the motive it appeals to is fear and they get you to bet against yourself. Insurance causes inflation of the services that it insures by making it more affordable for people to pay more money for the good or service once they have to pay for it. So the product gets more expensive and the insurance companies get to charge higher and higher premiums, then allowing producers to charge higher and higher prices. It's a vicious cycle and we can end it by abolishing insurance.
    Even the government guaranteeing people at the bottom will increase the price a little bit but not as much as having a private insurance industry. This is why instead of the government paying for all healthcare the government should guarantee payment only to those who really can't afford it.
  • #112
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    News story last night - in some states health insurance is going up double digit percent. While healthcare costs are only expected to rise 7% this year, many big fat insurance companies are socking it to their customers upwards of 25%.

    Even state tax commissioners are calling this outrageous and price gouging.
  • #57
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    @justapirate My bad. I really should be ashamed. To expect a multi trillion dollar company to know what they're signing is beyond reasonable. I knew that. What was I thinking?
  • #35
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    Um...unfair? You still exist...the government...you know the ones that basically put the American people into debt to bail you out...could have let you go bankrupt...probably not because you've paid off most of them anyway...now you're suing? Hellified heck...President Hussein Obama's America...gotta love it don't you...
  • #12
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    Gee, I don't recall AIG fighting for its autonomy when the federal checks were being written out to them! I also don't recall those CEO's returning their $165 million bonuses paid by the taxpayers... bonuses paid to CEO's who caused a $62 BILLION loss in their company's profits! You bunch of jackasses... Give the money back that we gave you, and then you can file your lawsuit... and then all your cheated investors can file lawsuits against you! jackasses...
  • #23
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    Yes, I agree with you. I don't think any of companies should have gotten a bail-out.
    I just wonder with the economy the way it is, how long it will take before G.M. will
    be asking for another bail-out...
  • #9
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    My god... these companies should have been forced to break up so they would no longer be 'too big to fail'. Instead we just gave them money and now 4 years later they are complaining that giving them money was too far? Give me a break.
  • #11
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    The government forced unacceptably high losses on shareholders who otherwise would have lost pretty much everything. Also, on what planet does bailing someone out for their wildly irresponsible behavior count as "seizure without just compensation?"

    Sorry AIG, but you signed off on the bailout, and now you've got commercials thanking us for it. You can't thank us and sue us at the same time. Well, legally I suppose you can, but what a stupid move. Way to bite the hand that fed you... smh
  • #21
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    @jamesmitchell "You can't thank us and sue us at the same time."

    Sure they can. You have people in todays world and soceity, who feel it is alright to question authority or flip off cops, and there be no recourse or it is some constitutional right. Hypocritical, but the democrats know no bounds.

    So yeah, AIG can sue. And I hope they do and win big.
  • #29
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    @Republican5001 Yeah, because there aren't republicans who think it's ok to question authority. Give me a break. This isn't right, left, republican or democrat.
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  • #15
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    now if only I could get the government to bail me out of every failed Black Jack "insurance" bet in Vegas life would be simple
  • #19
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    Wiki "The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) was to pay approximately $218 million in bonus payments to employees of its financial services division.
    AIG is notable for having received $170 billion in taxpayer bailouts and in the fourth quarter of 2008 posted a loss of $61.7 billion, the greatest ever for any corporation. Beyond the $165 million in bonus payments that were recently announced, total bonuses for the financial unit could reach $450 million and bonuses for the entire company could reach $1.2 billion.
  • #63
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    @armed_liberal GM should have gone under as well. UAW going out of business would be a great benefit to the country as well.
  • #64
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    @RobertJHarsh You should be teaching economics, my friend. You have an uncanny grasp of how to help the struggling economy the United States faces. Get rid of the high paying blue collar jobs and let the mexicans and koreans have them instead. Maybe you'll like that made in China Trans Am a bit more than the ones we build here in the states. It should probably cost the same but at least the guys on top will make more with the reduced labor costs.
  • #65
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    @frigginhell $5,000 of the price of every new car is to pay for the UAW workers healthcare cost! When you put it that way, yeah I'd just soon rather buy a non-union vehicle ... save myself $5,000 off the price to pay for my own healthcare that fools like this are helping to run the cost of up!
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  • #108
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    It's about what you'd expect from 'unfettered capitalism'.

    Before we forget about who and what caused this recession, we need to have in place a plan for the orderly liquidation of any firm deemed 'to big to fail'.
    That way we won't have to bail them out the next time, just distribute their assets to more responsible firms.
  • #106
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    The officers of a company aren't all of the stockholders who should have been represented in the bailout talks. Now maybe those stockholders don't deserve anything, but they should be heard in a court of law.
    Didn't the GM takeover destroy bondholder rights who should be first in line to get the assets of the company?
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