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Dec 6th, 2017
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Joined: Nov 2006
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journeyman
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journeyman
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On a campaign stop in Cleveland, September 17, 2008, Sarah Palin responded to a reporter's question asking her thoughts about the AIG bail-out: "Disappointed that taxpayers are called upon to bail out another one. Certainly AIG though with the construction bonds that they're holding and with the insurance that they are holding very, very impactful for Americans, so you know the shot that has been called by the Feds — it's understandable but very, very disappointing that taxpayers are called upon for another one." "Text of Palin's remarks on AIG bailout", Associated Press, September 18, 2008Lest anyone wax semantically in erroneous haughtiness, impactful is a word, found in at least one dictionary available online: impactful - adj - having a great impact or effect Dictionary.com. Webster's New Millennium™ Dictionary of English, Preview Edition (v 0.9.7). Lexico Publishing Group, LLC. (accessed: September 19, 2008). I can't offer a grammatical defense though. Nor can I offer any real clue about AIG's impactful construction bonds. Palin continued on down this AIG construction bond track during her interview with Sean Hannity on Fox News, September 18, 2008: Not that government is going to be solely looked to for the answers in all of the problems in Wall Street, but government can play a very, very appropriate role in the oversight as people are trusting these companies with their life savings, with their investments, with their insurance policies and construction bonds and everything else. [. . .] I do not like the idea though of taxpayers being used to bailout these corporations. Today it was AIG, important call there, though, because of the construction bonds and the insurance carrier duties of AIG. But first and foremost, taxpayers cannot be looked to as the bailout, as the solution to the problems on Wall Street. "Exclusive: Gov. Palin on 'Hannity & Colmes,' Part 1", Fox News, September 18, 2008The Wall Street Journal has an interesting Defense of Palin's emphasis on AIG's Construction Bonds: AIG was, however, the 14th largest issuer of surety bonds on construction, said William Schwartzkopf, president of Sage Consulting Group and author of several books on construction claims. By writing a surety bond, an issuer, such as AIG, is guaranteeing that the contractor will finish a construction job. Last year, there were $5.3 billion in premiums for surety bonds written, including $79 million for surety bonds written by AIG. Easha Anand-Washington Wire, "Critics Wrongly Target Palin on Construction Bonds Comment", Wall Street Journal, September 18, 2008A little mathematical perspective is in order here: - $79 million in a bond market of $5.3 billion, represents a 1.5% share.
- The Fed is providing an $85 billion loan to AIG as security for its bad investments. $79 million is 0.093% of $85 billion.
Last edited by a knight; 09/19/08 05:07 PM.
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Joined: Sep 2008
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newbie
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newbie
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Putting On The Lipstick Clown Paint HEY! I'm a clown. And I don't appreciate you using my makeup on that buffoon.
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Joined: Nov 2006
Posts: 754
journeyman
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journeyman
Joined: Nov 2006
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Joined: Aug 2004
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journeyman
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journeyman
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The horriblifications of this impact stuff on the Amurkin people, is unfortunatified.....but understandablificated given all the people relying on these here companies to stay a-float. It's sad.....but the Amurkin people are still under attack, by the Geehottists, and we must ensurificate that our economy is solvent.
(I'm honing my skills to become a speech writer)
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Joined: Feb 2005
Posts: 919
journeyman
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journeyman
Joined: Feb 2005
Posts: 919 |
In a "town hall" meeting yesterday, Palin and McCain met with supporters. One member of the audience asked Palin to explain why she thought she was capable of handling foreign policy. She, of course, didn't answer directly. Just said she was ready but if people wanted to play "stump the candidate" sometime, they could. I think that's what they wanted to do then, but she wasn't playing that game. She also said that if McCain and she were "blessed" to be in the White House come January . . . Guess that's code to the religious wackos that she's one of them. She also referred to a Palin/McCain administration. Uh, oh, John. Maybe you should hire a food taster. Here's a link, which doesn't detail the whole appearance and her speech: She wasn't ready to play the game
Critical thinking - our other national deficit.
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Joined: May 2005
Posts: 47,433 Likes: 373
Member CHB-OG
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Member CHB-OG
Joined: May 2005
Posts: 47,433 Likes: 373 |
...One member of the audience asked Palin to explain why she thought she was capable of handling foreign policy. She, of course, didn't answer directly... If you carefully watch her in an interview - she never does - not even to "friendly" interviewers like Sean Hannity.
Contrarian, extraordinaire
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