Perfect example of why you should not take Obama, Democrats or OWS seriously

14 Nov

 

Hey, remember when it was an outrage to Obama that AIG paid out $121 million in bonuses to its executives in 2009 after receiving a taxpayer-funded bailout?  Ah, the good ‘ole days!  Back then Obama stated “this is not just a matter of dollars and cents, it’s about our fundamental values.”  Democrat Barney Frank wasn’t too excited about it either.  Obama even made sure to remind the bankers at one meeting at the White House that “my administration is the only thing between you and the pitchforks.”

Yep, Obama and Democrats won’t stand for paying out millions in bonuses to executives of companies that received taxpayer-funded bailouts…their “fundamental values” won’t allow it.  Or will they:  Ten executives at Fannie Mae and Freddie Mac are scheduled to get $12.9 million in bonus pay after meeting modest performance targets.  (Did you get that…$12.9 million to TEN people!)  These were approved by The Federal Housing Finance Agency, the government regulator for Fannie and Freddie.  All of this, of course, after the federally backed mortgage giants received nearly $170 billion in taxpayer bailouts just two years ago.

If we don’t hear from Obama soon on this, he should no longer be taken seriously.  It will be another glaring example of his blatant hypocrisy. Additionally, if this does not become a major issue to the OWS protesters, don’t take them seriously either.  If they are unwilling to criticize the “1%” in government, then no one should care what they think about the “1%” in the private sector.

 

 

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