Dec 13 2012

 

 

Aig-bailout

When President Obama decided to do everything possible to avoid a Depression, he bailed out American International Group (AIG) he was critiqued from left to right. Republicans were content to allow another huge economy failure the day after Lehman Brothers closed their doors. The President was warned we would never get the money back and it was just going to be a massive loss.

The President chose to bail out AIG and bring stability to a rapidly declining economy.

Well this month, the Government continues to make huge windfalls from the bailouts. So far, not only has the loans been repaid but the taxpayers actually have made $22.7 BILLION on the bailouts. That is enough money to fund the entire Pell Grants.

Job well done, Mr. President