Contributions to Obama Campaign

Contributions to Obama Campaign Track Bailout Money

AIG's $43.5 billion in payments to Wall Street banks that gave to the president's election is lost in the ruckus being made over the executive bonuses.

Barack Obama’s lack of leadership and lack of experience, has now hit crisis proportions, as his claimed inability to block millions of dollars in bonuses for executives of bailout recipient AIG has caused even his supporters to turn on him. The Obama administration is allowing AIG to bail out the rest of the world with your tax dollars.

So by all means, the president is happy to have you railing at “evil” but relatively small potatoes AIG
executive bonuses, as it points your outrage away from his own far more costly executive abuses. And of course, the re-distributor-in-chief hopes you won’t notice where much of the rest of the AIG bailout cash is being spent.

While $58 billion of your tax dollars — or more accurately, your children’s tax dollars — are being used to pay foreign banks, a substantial portion of that money ($43.5 billion) is being used to pay American banks, including Goldman Sachs, Merrill Lynch, Bank of America, Citigroup, Morgan Stanley, AIG International, and JP Morgan.

The following recipients of President Obama’s trickle-down-to-my-donors bailout plan rank among his top 20 contributors to his 2008 presidential election campaign, according to OpenSecrets . But while the ire of Congress and the media focus are on the $165 million that AIG paid out in bonuses to their executives, the president is hoping you won’t notice the $100 billion in taxpayer bailout dollars that AIG paid out to other banks, including $58 billion to foreign banks and $36 billion given to French and German banks alone.

Your taxes today and in the future, will be paying off the large contributors to Obama's election campaign. Similar to the tax cuts for people that don't pay taxes, this is just another example of Obama "Buying votes". For you die hard Obama sycophants, you may view this as clever political maneuvering, but to all honest Americans, this is just another example of the fraud perpetrated upon the American people by political thugs. They are stealing from future generations to satisfy their lust for power today.

AIG didn't need a bailout. They needed to go bankrupt, where their financial wise-guys would have shouldered the brunt of their risk taking. The largest parts of AIG were viable then and are viable today. Let their profits from the rest of the company bail out their troubled "casino" operations.