Something Stinks in Washington, D.C.

I can smell it down here in Florida - Has it bothered anyone else how the rhetoric coming from President Obama's administration suddenly went from "the sky is falling" to "everything is going to come up roses"? It has me. And then at the start of this week it President Obama switched gears again and fired salvos at AIG for giving out legally contracted bonuses.

Oh, and if you think that the administration and the rest of our Congress is right in the blame they're placing on AIG, think again. They are complicit and are merely using this as a smoke screen to direct the swell of anger that is growing in America toward the way they are treating America's future with irresponsible spending and jumps toward a slave state of socialism.

Check out this Wall Street Journal post:

The Real AIG Outrage

The politicians also prefer to talk about AIG's latest bonus payments because they deflect attention from Washington's failure to supervise AIG. The Beltway crowd has been selling the story that AIG failed because it operated in a shadowy unregulated world and cleverly exploited gaps among Washington overseers. Said President Obama yesterday, "This is a corporation that finds itself in financial distress due to recklessness and greed." That's true, but Washington doesn't want you to know that various arms of government approved, enabled and encouraged AIG's disastrous bet on the U.S. housing market.

Scott Polakoff, acting director of the Office of Thrift Supervision, told the Senate Banking Committee this month that, contrary to media myth, AIG's infamous Financial Products unit did not slip through the regulatory cracks. Mr. Polakoff said that the whole of AIG, including this unit, was regulated by his agency and by a "college" of global bureaucrats.

...And his agency wasn't the only federal regulator. AIG's Financial Products unit has been overseen for years by an SEC-approved monitor.

D.C. is practicing a common magician and pickpocketing trick: Misdirection.

And that stench? Well, don't worry. They're researching how to deal with the stink of pigs.