Remember me being pissed about that bailout thingamabob?

Well, maybe it wasn't so much me, as me posting the thoughts of the King of the Swamp People. (and man, as far as I can tell, that dude is pissed!)

So okay...here's the skinny. The U.S. congress just passed a 700 billion dollar bill to...well, I dunno what it does...supposedly it'll save all of the economy. All of it. Or at least that's what I was led to believe. Awesome. Everyone is totally fine now.

Except for maybe this. Incase you don't like reading the very lefty New York Times, or just long articles about the economy, here are a couple of munny quotes.

"The American International Group said on Friday that it had already drawn down $61 billion of the $85 billion emergency bridge loan it received from the Federal Reserve two weeks ago, an announcement that startled credit ratings agencies."

Like that? Howabout this?

"He said that in addition to using the $85 billion Fed loan, A.I.G. would be able to participate in the $700 billion bailout program signed into law by President Bush on Friday. The additional help from the Treasury might ease some of its financial burdens, Mr. Liddy said."

Soooo. Howabout that weather? I was thinkin about paintin' the Casa when things clear up and I can get a couple of day-laborers to...what?

Yeah, we gave 'em $85 billion dollars, and they're just about thru spending it. In ummm...two weeks. Luckily they can grab summore from the $700 billion bailout package da congress just passed!

But um, wait, that's just one company that's already spent nearly one seventh of the amount of the bailout package on their own in two weeks. And there's this which says, um, AIG made $6 billion in profits last year. Six! Six! SIX! This was a company they said was "Too big to fail!" "It's collapse will send shockwaves through the economy." I dunno what their numbers look like this year, but I'm guessing something like this $6 billion (profit) subtract $61 billion (spending on what I dunno, platinum-lined swimming pools?) = $-55 billion. I for one believe this is a business model that will only be sustainable for three, possibly four more years.

Look, in the time it takes them to tell you:

"This dire situation calls for stringent oversight and forward-looking restructuring to assure the proper course is taken and responsible and sensible financial decisions are implemented to assure the restoration of profitability and confidence in the marketplace!"

They already spent all the money.
They already spent all the money in ways that resemble nothing like what they just said. I mean seriously, $61 billion in two weeks? What the fjuck are they buying!?