It Was All A Smokescreen

"While Obama had the media focused on the AIG bonuses, the Federal Reserve System was quietly buying $1.15 Trillion in debt from the US Treasury. The whole AIG scandal was nothing but a smokescreen.

"The military has used smokescreens for generations. When I was in the Marine Corps I was taught to use smoke grenades to screen the movement of our unit from the enemy. The Navy has long used smokescreens to cover ship movements.

"Obama and Company made masterful use of the AIG smokescreen to distract America’s attention from a sneak attack on our prosperity. The AIG executive bonuses, while they inflamed America’s populist sensibilities, amounted to exactly 1.27% of the money we have poured down the AIG drain. But according to economist Walter Zimmerman, the long-term effects of the Fed action will be devastating. These include the destruction of the US dollar and further erosion of our nation’s position as the leading economy in the world.

"What possible reason could Obama have for weakening the dollar and our economy?

"It’s simple. Obama is not a patriot; he is an internationalist. He is firmly committed to seeing the United States as just another part of a world government. But the American people will never accept that as long as we are the strongest nation in the world. Obama is in the process of weakening us from within, so that eventually he can generate enough fear to make us accept domination by the handful of powerful people who plan to run the world."

Who makes Washington give back their bonuses?

"Obama, Barack $104,332
Dodd, Chris $103,900
McCain, John $59,499
Clinton, Hillary $37,965
Baucus, Max $24,750
Romney, Mitt $20,850
Biden, Joseph R Jr $19,975

"These are the top seven recipients of AIG campaign contributions last year. You can see the rest of the list of hypocrites here."

Your scorecard for understanding mortgage scandal Find out who's who in the 'Rogues Gallery' of economic crisis

"As Congress works on a $700 billion bailout plan for the U.S. financial system, the FBI has extended fraud investigations to 26 companies involved in mortgage lending. Authorities are attempting to determine whether any of the firms have participated in accounting fraud, insider trading or inflating values of mortgage-related assets. The FBI has not disclosed a list of companies under investigation, but the following are just a few firms in distress and executives under scrutiny."