Obama Received a $101,332 Bonus from AIG

Think President Obama is truly sad about what happened with this silly AIG bailout?? Think again.

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are – Senators Chris Dodd and Senator Barack Obama.

The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle.  I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and “misjudged” the risk.

The Washington Post reports a “mob effect” at A.I.G financial products division:

A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn’t show up at all.

So what is President Obama’s real feelings on this?

With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama’s A.I.G crocodile tears.

Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it’s time to ask if recipients of A.I.G. “bonuses,” including President Obama, will give what now ought to be taxpayer money back?

Anti taxation rallys and tea parties are taking place all over the country. Regular people everywhere are sick, fed up, disgusted, and DONE with a government that allows such nonsense to happen. But of course they’ll blame ex-President Bush somehow.

Growing numbers of Taxpayers gathering in anti-tax rallys:

The real grassroots Tea Party movement stands in marked contrast to Democrat attempts to manufacture a movement for Obama’s $3.55 trillion budget.

April 15th
Tired of watching the government treat your hard earned money like monopoly money?
Tired of watching all that has made America great slip away?
Tired of seeing your grandkids future slip away?

San Diego Tax Teaparty

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One comment

  1. Superguy

    I’m new to this blog but it is now one of my favorites. You hit the nail on the head with just about every article.
    Thanks 🙂

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