In March 2004, America’s moonbat leftists decided to create a radio network called “Air America” for the purpose of confronting the conservative radio behemoth Rush Limbaugh.

The star of “Air America” was to be former Saturday Night Live writer Al Franken — who demanded to be paid over $1 million per year, plus lavish benefits — in order to serve the left-wing cause.

Barely two years later, in October 2006, Air America filed for bankruptcy. To put it one way, the network didn’t exactly give Rush a run for his money. To put it another, the network was a dismal failure by any standard, and soon a laughing stock in the conservative blogosphere.

In February 2007, Franken (shown above) resigned, and used his last show to announce his candidacy for the U.S. Senate in Minnesota this November. Earlier this year, it was reported that Franken had cheated New York State out of workers compensation taxes and received a $25,000 fine. Then California accused him of cheating on his corporate income taxes. He’s a stalwart solider in Barack Obama’s “change you can believe in” army.

But back to Air America: Where, you may ask, did a financially ailing company get millions to pay Franken? A couple of weeks ago, we got the answer — it simply stole them. Its founder Evan Montvel-Cohen was arrested while hiding out in Guam after it was discovered that he had stolen $875,000 in taxpayer funds from a Bronx-based youth organization and diverted them to pay Air America’s prodigious operating expenses. And that’s only one of his many crimes, not the one for which he was actually arrested, on a Hawaiian warrant.

The promises made by Air America when it solicited financial support four years ago were exactly the same promises Barack Obama is making today. They were just as empty as his, and the result will be just the same.

Fool me once, people of America should remember, shame on you. Fool me twice, shame on ME!