Citigroup buy back

I find it hard to believe that no one here thought to metion this little bit of news!!

http://www.telegraph.co.uk/finance/...eap-7bn-profit-from-Citigroup-stake-sale.html

Yep guy's real Socialism at work, the Goverment selling some of it's stake in Citigroup for about $7 Billion US Profit, and they will still have over $5 billion stake in the company. Hot Damn that is some nice profit dont you think?

 

What I have never understood is why isn't our government more self-funding on a limited basis. It certainly would lower our tax burden. Heck, look at Alaska, they send checks to their citizens once a year due to the oil companies leasing of Alaskan public lands. Why couldn't the U.S. Govt. do the same type of investment and help fund the government? Funding governmental operations such as the mint does seems to make perfect sense.

 

Can anyone say "Sarah Palin"?

 

I heard of her. Didn't she quit her elected position half way through to gather speaking fees (12 millions thus far) and stir up tea baggers to target certain states? We need more elected quitters for profit. Capitalism baby! Can't you smell it?

 

I just have to ask. What exactly does that have to do with Sarah Palin?

 

I obviously don't like her, but from what I have read in the past, she was pretty agressive in dealing with the oil companies to increase Alaska's profits from its oil. And her taxes on the oil company profits led to a big increase in Alaska's profits - at least up to around the time of the elections...not sure what the current economy has done to it. It doubled the dividend Alaskans got from oil over a 4 year period.

She certainly didn;t invent it but I think she was obviously a proponent and enabler of her state making money from it.

 

I heard she was pretty aggressive during troopergate too.

Then she quit.

 

Dunno as I don't know much about troopergate. And, as I have said before, I don't like her, didn't vote for her ticket and wouldn't ever in the future. But, that doesn't mean I won't acknowledge something she apparently did that may actually have been good - like going after oil windfall profits in her state and giving the money to her citizens.

I know that is a crazy way of thinking on this forum and about as rare as hen's teeth in our political system these days but oh well... lol

 

"Giving the money to its' citizens??" That sounds like a democratic idea. That's not very corporate is it? Maybe that's why she quit.

 

Dunno. Just relating what apparently happened. She got the money from the oil companies and increased the payout to the AK citizens.

Personally, I think she quit because she wanted to be on TV more. Either to make more money, get more political exposure or maybe just because she is what is referred to as an attention *****.

 

Apparently we can't say that word. lol

 

I don't know. I do know the right is pretty desperate to throw out there anybody that can make some noise. She does do that pretty well I will admit.

 

Can you deny the fact that she was very successfull as the governor of Alaska? Check the record before you answer, you wouldn't want to look uninformed.

A simple answer will suffice.

 

Funny how you choose to dodge the direct questions you are asked but dog people that don't answer your questions as you have done so often in other posts. You chose to ignore the question above because you had no answer that wouldn't make you look like a low-information, party-line, partisan Right winger who believes everything he is told just because you refuse to take the time to hunt down the truth. I ask again, what does Sarah Palin have to do with it? And you can't come up with an answer so you dodge. What is it you and Midas like to say...TYPICAL? Just man-up and answer for a change.

 

Can you deny that she quit for profit? Or did she just quit because she is a quitter?

 

Let's see know...if the Alaska Permanent fund paying the citizens of Alaska a couple of thousand dollars every year is a good thing then the measure Palin pushed in '07 to get the people an additional $1200 must be even better, huh?
Please try to keep up...when you try too hard (and it's obvious you do) to look "informed" in makes you look like a simp.

 

Yeah, what an awful person she is, using her power against a child beater.

 

I wasn't there when she made her decision, where you? Maybe she felt it was the right thing to do for her family maybe? Who knows. I've quit a job before, I don't consider myself a quitter. What about you tom? Have you ever quit a job before? I'll wager everyone here has. Does that make everyone a quitter?

It really isn't all that uncommon for a politician to give up a seat before their term officially expires, ask BO.

 

Lets see Mr. Smarty-pants what you actually know. "But Palin upped the ante by joining with Democrats and some recalcitrant Republican state legislators to share in oil company windfall profits, further fattening state tax revenue and permitting an additional payout in tax funds to residents." So Palin joined Democrats by not opposing the windfall profits increase. You go girl! Does this woman ever have an idea of her own?

 

A one-term governor quiting halfway through her only term to use her celebrity to earn 15 million dollars is quite different than an elected official quiting an elected position to take another elected position. You're just jumping through rationalization hoops on this one.