Who insures the insurance company?

Just a few hours ago, it was announced that the Federal Reserve would be used to bail out AIG from certain doom.  Had it not done so, the chain reaction of AIG not being able to pay off all the insurance claims would’ve caused a chain reaction in the economy.  Several insured investments would be in the process of reappraisal, and certain values will be lost.

Although this helping hand is just a loan, it’s a big deal — and most likely a chance for everyone to get their finances set straight.  What a crazy insured/non-insured time we live in.

While the news and media, and most everyone can’t seem to get enough of digging dirt about Palin, (clue: she puts ‘em out there already!) Obama’s making a plan to manage the oil reserve.

Sen. Barack Obama is proposing a simple maneuver — called an exchange, or swap — that will help lower the price of oil for consumers, increase the amount of oil in the SPR, increase energy security, and leave taxpayers better off by about $1 billion. His proposal deserves to be adopted.

In 1975, after the Arab oil embargo, the U.S. created the SPR to protect against oil supply disruptions. That reserve now consists of 706 million barrels of crude oil, the largest stockpile in the world.

As the steward of that stockpile, the Department of Energy plays an important role in oil markets. Merely announcing oil acquisitions or sales from the SPR moves oil prices. The SPR’s drawdown capability of 4.4 million barrels of oil per day surpasses the daily production capacity of Iran, Iraq or Venezuela.

But honestly, if he does manage the oil situation, wouldn’t we all still be living on a living-on-the-paycheck basis, because of his proposed higher taxes?  No matter how much good that would seem to do, people just DO NOT like taxes.

From The Wall Street Journal

“He either forgot how many [houses] he has, misplaced the keys to those houses, or he just wasn’t being truthful with those reporters,”

Okay — so how exactly, can someone who forgets how many houses he has, have a chance at winning the presidency?!  I mean, okay, so maybe his wife bought some, or his daughter — but isn’t that a sign that he can’t exactly keep track of things?  You know, the important things, like money?