AIG To Receive More Aid

"CHARLOTTE, N.C. - Struggling insurer American International Group Inc. will receive up to $30 billion in additional federal assistance in the fourth government rescue of the company, a person familiar with the matter told The Associated Press on Sunday.

The new infusion is intended to prop up AIG — once the world's largest insurer — as it is expected to announce $60 billion in quarterly losses early Monday, the source said on the condition of anonymity because the discussions are still ongoing.

The company, which is considered too large to fail, previously received about $150 billion in loans from the government, which now has an 80 percent stake in the company." - MSNBC

Hate to say it, but...no company is too large to fail.

Porn Bailout?

WASHINGTON (CNN) — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.

“The take here is that everyone and their mother want to be bailed out from the banks to the big three,” said Owen Moogan, spokesman for Larry Flynt. “The porn industry has been hurt by the downturn like everyone else and they are going to ask for the $5 billion. Is it the most serious thing in the world? Is it going to make the lives of Americans better if it happens? It is not for them to determine.”

Mr. Chomsky, do you want anything to do with a porn bailout?

Porn is humiliation and degradation of women. It’s a disgraceful activity. I don’t want to be associated with it. Just take a look at the pictures. I mean, women are degraded as vulgar sex objects. That’s not what human beings are. I mean, I don’t even see anything to discuss...As to the fact that it’s some people’s erotica, that’s their problem. That doesn’t mean I want to contribute to it. If they get enjoyment out of the humiliation of women, they have a problem. It’s nothing I want to contribute to.

Value of Bailouts > All Wars

(CNSNews.com) – The total value of the bailouts undertaken by the federal government in 2008 now exceeds the combined cost of every major war the United States has ever engaged in, according to a comparison of war costs calculated by the Congressional Research Service (CRS) and the value of the bailouts as calculated by Bloomberg News or Bianco Research.

According to CRS, all major U.S. wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, but not the invasion of Panama or the Kosovo War), cost a total of $7.2 trillion in inflation-adjusted 2008 dollars.

The bailouts total is around $8.5 trillion.

Who won the first debate?

MILITARISM WON!

This is a bit late I know. Vote Nader/Gonzalez!

Nader/Gonzalez 08'

Ralph Nader on the passage of the bailout.