AIG Bailout and Bill on Off-Shore Oil Drilling

It seems that something every hour ruffles my feathers in more than one way these days.

Tonight, it is the government bailout of AIG, where the feds have promised $85 billion to keep AIG, the world's largest insurance agency, solvent. This also gives the government an 80% stake in the company.

Well, this is going well. Companies go bankrupt, the federal government bails them out with billions upon billions of dollars, and the companies survive. Well, that is not what capitalism is all about. This is making the US government look more socialist than ever before, considering when companies went under during the Great Depression, they, for the most of it, weren't bailed out, instead everyone lost their money. We should not be bailing out these companies. Of course people will lose their money, but letting these companies go under get the weak links out of the system, allowing other companies to flow into those positions, and bring new ideas into the system. That is my thing with AIG.

However, also, the new bill that was just passed on off-shore drilling is also making my blood boil. What genius said "oh, well, let's compromise by allowing drilling to happen 50 MILES offshore. That will appease the Republicans." Since studies have shown most of the oil is within 50 miles of the shoreline, this is nothing except a political ploy by the Democrats to say that they supported easing the pain at the pump, and at the same time, following Democratic lines to keep the off-shore drilling mostly blocked. Nancy Pelosi should be disgraced.

And as of right now, I'm listening to a discussion about how screwed up the Student Government is at CUA. A brand new student government to replace the old one, and it's already completely broken.

Why does it seem like the whole world is just a giant pot of crap with the good things simmering out of it? Oh yeah...