AIG Bailout

http://money.cnn.com/2008/09/16/news/companies/AIG/index.htm?eref=rss_topstories

We just loaned $278.52 per person in the United States to prop up a private company. So, out of my family's pocket, we just spent $1,114.08 for the next two years because someone else was stupid/greedy. To be fair, we will get 8% interest after two years. So, $91.8 billion dollars will be coming back to us in 2 years.

Nice.

Glad we didn't use that money to drill for oil or invest in alternative energy or educate our children or defend our nation.

I believe, on principle, bailing out corporations with Federal funds is wrong.

Aloha.