WHERE IT WENT

The Washington Times Weekly - - Politics -

“Barack Obama’s lack of lead­er­ship in a down econ­omy 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,” Bob Owens writes in a blog at www.pa­ja­mas­me­dia.com.

“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. ...

“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, Wa­chovia, Mor­gan Stan­ley, AIG In­ter­na­tional, and JP Mor­gan,” which ranked among Mr. Obama’s top cam­paign con­trib­u­tors.

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