President Obama Compares Big Banks, AIG, to Suicide Bombers

"The most effectual means of preventing [the perversion of power into tyranny are] to illuminate, as far as practicable, the minds of the people at large, and more especially to give them knowledge of those facts which history exhibits,...."

Thomas Jefferson

Got change? Yeah I think we did.
Now let's read some books and get some edjumacation.

You get what you vote for HE HE !!!

So when will President Barack Obama be returning all of the money he accepted from AIG and the other companies that accepted federal bailout funds?

At least Bush haters had good reasons, as history has and will continue to prove. This insane hatred shown to our new president and his family can only be explained by fear and ignorance of a sad, uneducated and vocal minority of so-called Americans.

The insanity of Obama knows no bounds!!

The Audacity Of Insanity should be his next book!

This snake oil fast talker is sick!

He's sick, sick, sick. I 'any' Joe Sixpack mentioned 'bomb' and 'trigger' in the same paragraph, Home Security, FBI, ATF, USMS, USBP, and Obama's Momma'd be crashing your party faster than Charlie Rangel can invent a new tax dodge!

So if you see a suicide bomber and he's looking all suicidal and you're wielding a .357 and he's standing literally five steps away, you want to drop the gun and ask him out for a cup of tea?

The analogy is only flawed in identifying the bankers with the bank, and in the idea that they have a bomb strapped to themselves. The bomb, instead is just strapped to the bank. If the banks go down, then the credit system collapses and we are indeed screwed.

But the bank going down does not mean the bankers go down because of the lack of accountability in this whole fiasco.

The only pseudo-plausible argument for giving bonuses to the AIG execs is that if they are the only ones who can solve the problem they leave, we're screwed. And they will leave if they don't get their bonuses.

Really it's like certain bankers have accidentally set up a bomb in the financial system and they won't defuse it unless we give them more money. If we don't give them money, well they'll walk away out of a job but probably not to badly off; and the rest of the economy burns.

That is the best analogy I have heard so far, well done President Obama.

"In other words, the banks and AIG are being allowed to force the rest of us to cover their losses for them. They are no better than a suicide bomber.'

It is Congress and Obama, not AIG nor the banks, that have forced these losses on taxpayers.

In other words, the banks and AIG are being allowed to force the rest of us to cover their losses for them. They are no better than a suicide bomber.
If a bank or company is "too big to fail" then it won't fail.
If a bank or company is too big to LET FAIL then it's too big and needs to be broken up.
An ounce of prevention is worth a pound of cure.

It was in such incredibly poor taste to compare multi-millionaire AIG executives to terrorist suicide bombers.

Here's the correct analogy;the bomb is strapped to us an Obama is holding the button.Got Change?

This president is dangerous. Is his description of banks intended to start a run on the banks or can he really be that clueless?

How's this for outrage? The Stimulus bonus exclusion also ensured all of these BOA bonuses to Merryl Lynch execs who sank their company got paid:

Bank Of America (BOA) having rcvd $45 Billion in TARP money is second only to Citigroup as the biggest TARP recipient.

Yesterday a NY judge ordered BOA to dislcose the bonuses.

These bonuses are NOT TOUCHED by HR1586.

According to the New York Attorney General's analysis of the bonus data:

-the top four bonus recipients received a combined $121 million;

- the next four bonus recipients received a combined $62 million;

- the next six bonus recipients received a combined $66 million;

- Fourteen individuals received bonuses of $1 0 million or more and combined they received more than $250 million;

- 20 individuals received bonuses of $8 million or more;

- 53 individuals received bonuses of $5 million or more;

- 149 individuals received bonuses of $3 million or more;

- Overall, the top 149 bonus recipients received a combined $858 million;

- 696 individuals received bonuses of $1 million or more. "

"Congressional Democrats took aim at the Obama administration Wednesday, blaming the president’s economic team for creating a loophole that allowed AIG to pay its employees millions of dollars in bonuses and then not doing enough to stop the bonuses when it could. "

Another day in United States Of Ponzi

Did someone hijack the teleprompter or did boy genuis come up with this himself? If GWB had ever said anything near this he'd have been crucified but since it is Obummer it will be overlooked. What a buffoon! "Hope" that "change" to unemployment is working for you and "hope" you like the "change" left in your pockets!

Banks and AIG as suicide bombers??! Was there a glitch in the teleprompter or did he really want to make that analogy?

So Obama is caving in to blackmail?

That's the obvious conclusion to his ridiculous metaphor.

If anyone else would have said such a truly ridiculous thing as Obama just now did, it would be the lead story for 7 days straight in a scorched Earth smear campaign against whomever said it (see Clinton, Hillary; Palin, Sarah; McCain, John).