AIG profitable?

According to Money.CNN.Com, AIG is Profitable again! I'm glad to hear that happy days are here again, except... wasn't AIG "profitable" just before the credit default swap debacle? So this supposed "great news" lends me to wonder: What parlor tricks could they possibly be using to try and keep the very charitable, big raise giving, drunk on their too big to fail status, throw a party after the tax payers bailed them out AIG going?

From CNN.com (commentary added by us):

"The troubled insurer said it continues to benefit from stabilization in the housing (what housing stabilization?) and credit markets (you mean the ones that are so frozen that small and medium sized businesses still can't get loans?), but future quarters will continue to be volatile (at least a little truth)."

http://money.cnn.com/2009/11/06/news/companies/aig/index.htm?postversion=2009110609

Obama Unemployment Would Not Exceed 8% With His Plan

The stimulus passed and where are we? 10.2% Unemployment! Any who believed in Obama's change I hope has woken up. He is just like all the other politicians. Just watch some of his videos like this one below. To save you the time just skip to 1:10 in it so you can hear him say that without his "stimulus" unemployment would reach double digits. Well the stimulus passed... WE'RE HERE!

We are without jobs, we are without a balanced budget, we've got banks falling left and right, we've got an insolvent FDIC, we've got record foreclosures, we've got the Fed monetizing our debt, we've people dumping the dollar (Most notable recently is Warren Buffett buying the railroad and China buying tons of Gold and Copper.), we can't raise the rates because of all of the ARMs that are resetting. America: WE ARE PAINTED INTO A CORNER.

If we don't raise interest rates we will have inflation, if we raise interest rates we'll have another housing crisis. If you aren't preparing for the worst then you will be sorely dissappointed in the future my friends, because we haven't seen anything yet!

GMAC to get another 7.5 Billion

When I consider what to invest in, I think of the worst possible company, then I multiply it by two. Then, to make sure I've made a really good decision I beat my head against a cement wall repeatedly then walk into oncoming traffic. Once in the hospital I press the button that releases morphine a couple of times then call up my stock broker and scream Buy repeatedly.

Lucky for me, the government has decided to do all of those steps for me. They've recently decided that they should invest in GMAC, because when you think of things that don't deserve to die, you undoubtedly think of fine companies like AIG, GMAC, Chrysler, and GM. So toss them another 7.5 Billion, because the brilliant people in congress thought we should give the treasury department a blank check. With our governments level of transparency, only rivaled by a black hole, of course we can trust them to be responsible with 700 billion dollars. Now we're hearing reports that they're having trouble accounting for it?

But of course, as long as there is Dancing with the stars, American Idol, and various other flagrant wastes of life, the people won't voice their thoughts. Trust them, they have everything under control, now back to the show. The television is the single most powerful diversionary technological innovation since the advent of sleight of hand. Enjoy it while you've got it because if you let the government to continue operating this way, your television show's days are numbered. Maybe if American Idol was cancelled due to government intervention people would get out into the streets and voice their frustrations we might see some activism.

Nevermind the fact that Social Security cash has been replaced by Government bonds that will have to be paid back with more - tax payer money. Nevermind that, that means we have to fund Social Security twice. Nevermind that the federal deficit is almost on par with GDP, nevermind that we keep proposing multi-trillion dollar budgets YOY, nevermind that congressmen work overnight to eliminate the bill of rights, nevermind that DHS officers declare that the constitution doesn't apply within 100 miles of the border. As long as we have American Idol, all is well.

http://money.cnn.com/2009/05/21/autos/gmac_bailout/index.htm