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AIG, AIG, AIG, AGGGGGHHHHHH

September 17, 2008 11:56 AM

At a time when Sen. Barack Obama is trying to project expertise and instill confidence in his potential stewardship of the economy, his campaign this morning sent out his statement on the Fed's bailout of the AIG where it misidentified the American International Group, calling it the "American Insurance Group."

- jpt

September 17, 2008 | Permalink | Share | User Comments (65)

User Comments

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Doesn't AIG currently have plans for more employee bonuses in the near future?

Posted by: Susan Steele | Mar 23, 2009 1:45:12 PM

Who is next on the Communist shopping list, Exxon Mobil? Let the free market weed out the bad apples, have them tossed in prison. I'd rather be poorer and free than a little better off in a Socialist country.
Barack why don't you take a few bucks from your Fannie And Freddie donations and send it to your brother who lives on a buck a month
No I am not racist I would vote for Colin Powell or Condi Rice or Michael Steele in a heartbeat over you anytime.

Posted by: thegr8 1 | Sep 18, 2008 11:16:13 PM

Who cares what their name is. They could Call themselves An Irrelevant Gaffe for all I care. If you can look up NYSE:AIG, that's what matters. Honestly, I didn't know what the I was until everything started hitting the fan. I've always just referred to them as AIG, as they refer to themselves regularly.

Posted by: Scott | Sep 18, 2008 9:15:34 AM

Yes, it was dumb. And it was just as dumb when John McCain started talking about AIG as if it were State Farm or Allstate instead of one of the biggest international corporate insurers on the planet. He apparently thinks that AIG covers trailers and trucks in Kansas. And he reversed his position (yes, again) - 24 hours after he stated that there should be no bailout.

Posted by: Mara | Sep 18, 2008 1:37:12 AM

Maybe if we focus hard enough on the typos, the Wall Street collapse will
just go away.

Posted by: Leonard Peltier | Sep 17, 2008 11:02:31 PM

Call a spade a spade. This is a mistake that doesn't even matter in the large scheme of things. Why pick on things that are irrelevant on either side. There are plenty of legitimate questions to raise and concerns to point out without stooping to unnecessary levels.

Posted by: 4theloveofcountry | Sep 17, 2008 10:55:48 PM

I love Jack, but still.

Note that when it comes to pointing out Obama's gaffe, Jack makes it clear that it was Obama's CAMPAIGN that sent out the release, as if it's not really Obama's mistake at all.

Even though in a story about the release, it quotes Obama as if it's all Obama's ideas.

In any case, McCain was part of the solution before Obama was in the Senate, only Obama and his Democratic buddies joined up with some Republicans and thwarted the regulatory changes that were needed to nip this crisis in the bud.

Meanwhile, Biden thinks that a bill that has a ton of bad stuff should be supported just because it punishes CEOs. Well, I'd love to punish CEOs who cheat us, but that's not going to fix the crisis. McCain is too busy working on a plan to fix the real problems while Obama and Biden are still trying to afix the blame.

Posted by: Charles | Sep 17, 2008 9:51:37 PM

If McCain had said this, the drive-by media would have been all over it saying the Senator was senile and that he is clueless on the economy. But, since it was the Messiah, the media ignores it along with New Pennsylvania, 57 states and the Nittaly Lions.

Posted by: Dennis | Sep 17, 2008 9:36:08 PM

He knows what the Bush Doctrine is, though...

And he knows a LOT about Fannie Mae and Freddie Mac, since he got more money from them in less time than any other Senator.

McCain was trying to fix this mess three years ago, but got blocked by Chris Dodd, who got even MORE money from these deadbeats.

McCain--right on the Surge, right on Palin, right on Fannie/Freddie.

Obama--wrong on the Surge, wrong on Biden, not even wrong on this disaster. He was too busy running for President of the Planet at the time.

Posted by: Scott Somerville | Sep 17, 2008 8:41:37 PM

I can only imagine the tempest Obama would have created, had Governor Palin made a similar mistake.

We'll see how kind Obama supporters are to her, if she has a similar slip-up.

Posted by: Sami | Sep 17, 2008 8:10:56 PM

Guess his teleprompter malfunctioned! Lol! What an idiot!

Posted by: Beckie | Sep 17, 2008 8:00:39 PM

I've heard Obama use the right name when he's speaking.

So now we've migrated from bogus claims on pigs and sex ads to typos?

Posted by: cleduc | Sep 17, 2008 6:56:18 PM

Why is everyone now interviewing Ron Paul? Could it be that he has been correct the last 10 years in predicting this mess?

Posted by: Huh | Sep 17, 2008 3:46:21 PM

To beebop, who said:
"There are real people out here losing."

Yes I know. The reason they are losing is because they didn't do the intelligent thing and take the time to research before they decided to make what was most likely the largest purchase in their lives with someone else's money!

The fact of the matter is that if you purchase a house with an adjustable rate sub-prime mortgage, then you have to make sure that you are financially prepared if that rate should rise and, thus, increase your monthly mortgage payment. Either that, or you buy a smaller house at a higher fixed rate that is not going to change.

The bottom line is that people got greedy and stupid and didn't concern themselves with what might happen in the future. They gambled with the largest purchase just about any member of the middle class can make. It's not the big bad greedy bank's fault that these people didn't spend a couple hours on the Internet finding out just what they may have been getting themselves into.

Posted by: Kirch79 | Sep 17, 2008 3:30:58 PM

aaparently Obama's staffers cannot indentify a largfe company like AIG.IF THEY DON'T KNOW THE PROPER NAME OF THIS HUGE INSURANCE GAINT ,HOW IN THE WOELD COUILD EXPECRT THIS PEOPLE TO INDENTIFY WORLD POLITICAL PROBLEMS BY THE CORRECT NAME , OBVIOUSLY oBAMA AND HIS STAFF ARE NOT UP TO THE TASK.

Posted by: tom f | Sep 17, 2008 3:01:39 PM

American International Group or American Insurance group.


So much news about the storm in the teapot!

Posted by: LieHater | Sep 17, 2008 2:22:52 PM

A quick Google search shows it's not that uncommon an error. I mean, AIG is an insurance corporation, so it's not exactly a huge leap to think the 'I' stands for 'Insurance', nor does it indicate a fundamental misunderstanding of what AIG is.

It's not exactly a big issue.

Posted by: Aengil | Sep 17, 2008 2:20:37 PM

If America elects McCain, we deserve everything thats coming to us.

I hope you enjoy selling bags of oranges at street corners.

Posted by: Rick Cain | Sep 17, 2008 2:04:15 PM

a liar is a liar no matter if she wears lipstick or has a giant scar on her face

mccain and palin are bush cheney it doesnt matter if they jump up and down and refuse to say the word republican...

you are what you are...

thanks but no thanks bush cheney 3

Posted by: Bhrandon | Sep 17, 2008 1:57:04 PM

palin wont testify in troopergate after saying she would

and is now saying her officials wont honor the subpoenas


gosh where have i heard this before

oh yea bush cheney

Posted by: Bhrandon | Sep 17, 2008 1:55:47 PM

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