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The Obama Gaffe: For $85 Billion, Should We Not At Least Know Their Name?
Cross Action News ^ | 9-18-08 | Michael Johns

Posted on 09/18/2008 2:37:25 PM PDT by Victory111

For Obama, the whole mess is not a time for national unity; it is, rather, great political fodder. This morning, in an effort to extract political gain from the situation, he issued a statement, which said in part:

“The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group is the final verdict on the failed economic philosophy of the last eight years.”

American Insurance Group? For $85 billion, Obama and his big government, tax and spend economic advisers apparently don’t fret too much over the details in an effort to make their partisan jabs. One wonders if that $85 billion United States Treasury check would even cash had Obama’s Treasury Secretary made it out incorrectly to one “American Insurance Group.”

After the glaring error was pointed out, the Obama campaign quietly issued a corrected statement.

(Excerpt) Read more at crossactionnews.com ...


TOPICS: Politics
KEYWORDS: aig; economicpolicy; fanniemae; freddiemac; obama; obamabiden

1 posted on 09/18/2008 2:37:25 PM PDT by Victory111
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To: Victory111

Hey Obama . . . look at my thumb.


2 posted on 09/18/2008 2:38:46 PM PDT by A_Former_Democrat
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To: Victory111

Gee, let me guess. Was Obama talking without a teleprompter when he made that statement?


3 posted on 09/18/2008 2:39:25 PM PDT by Joiseydude (Let the Hero, born of woman, crush the serpent with his heel,)
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To: Joiseydude

I suggest re-naming the teleprompter the telobamaprompter in honor of the Chosen One.


4 posted on 09/18/2008 2:42:17 PM PDT by Callahan
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To: Victory111

Obama just doesn’t get it! The devil is in the details and Barry doesn’t pay much attention to the details!


5 posted on 09/18/2008 2:50:22 PM PDT by griswold3 (Al qaeda is guilty of hirabah (war against society) Penalty is death.)
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To: Victory111

but all we’ll hear from the lame stream media is how McCain fire the head of the SEC....what a joke...


6 posted on 09/18/2008 2:53:34 PM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: Callahan
I suggest re-naming the teleprompter the telobamaprompter in honor of the Chosen One.

I'm voting for the teleprompter!
7 posted on 09/18/2008 3:07:00 PM PDT by Beckwith ('Typical White Person')
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To: Victory111

Obama makes much of the fact that after graduating president of the Harvard Law Review he could have gone to Wall Street and collected a big paycheck, but instead became a “community organizer.”

But had he gone to Wall Street for a least a couple of years he MIGHT have learned at least the first thing about the American and international business world and perhaps would have heard of AIG before this crisis.

Obama has had NO exposure of ANY kind to actual business. Growing up he was exposed only to Marxist theories of his leftwing mother and grandfather, the communist Frank Marshall Davis, etc. In high school he focused on sports, partying, and his “black identity.” At Occidental, he (by his own account) sought out and hung around lefties. It need not be pointed out how little contact a political science major at Columbia or a law student at Harvard would have with anything resembling the world of business.

And as a community organizer, Obama spent his time trying to get the City of Chicago to remove asbestos from its housing project, trying to get the City of Chicago to open a summer jobs office near its housing project, getting out the vote for ACORN, etc.

The nearest thing to the business world Obama has ever had contact with would have been the slum landlord business of Rezko, in which Rezko applied for government subsidies for low-income housing and took the money without providing the housing.

Also, had Obama gone to Wall Street for a couple of years, he might not have had to do his sleazy deal with Rezko to buy a nice house and we wouldn’t have had to hear Michelle whine about having to repay student loans and pay for piano and ballet lessons.


8 posted on 09/18/2008 3:19:54 PM PDT by SirJohnBarleycorn
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To: Victory111
report:Obama Campaign criticizes Hank Greenberg for not naming AIG, American Insurance Group.
9 posted on 09/18/2008 3:40:10 PM PDT by rvoitier ("I'll see you at the debate, bitches!" ~~ Paris Hilton, '08 Campaign)
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To: SirJohnBarleycorn

“Obama makes much of the fact that after graduating president of the Harvard Law Review ...”

No records exist that can prove he ever completed a single class.

None.

No grades and no Thesis exit either.

He is an AA baby.


10 posted on 09/18/2008 5:31:49 PM PDT by NoLibZone (Fannie Mae & Freddie Mac - are not facing any kind of financial crisis,'' Barney Frank 9-10-03)
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