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House Vote on 90% TAX of AIG bonuses

Original post made by Perspective on Mar 19, 2009

Web Link

Ok, here in all its full glory, is the mentality of our Dems in full action.

They actually think this is a reasonable power for them to invoke, to simply take money from citizens who were

1) contractually promised this money as their pay ( some of them worked for a base salary of $1/year, counting on their "bonuses" for their actual salary...just as an aside and not too relevant to the point here)

2)"protected" by Obama and Dodd in writing in the Bill that they all voted for without reading that mandated they be paid this bonus.

This is the Democrat party of today, folks. Better pay attention. Not only is it yet another broken promise (anyone started a list yet?), it is a completely corrupt ideology that even considers it has the right to simply take money from citizens.

Was it a Lutheran preacher who, after WW2 speaking of the Concentration Camps, said ( and I paraphrase) "first they came for the Jews, but I did nothing because I wasn't Jewish, then they came for the gays and I did nothing because I wasn't gay, then they came for the disabled, but i wasn't disabled, then they came for the Catholics, but I wasn't Catholic, and then they came for me but there was nobody left to defend me".


Comments (15)

Posted by Marvin, a resident of Charleston Gardens
on Mar 19, 2009 at 8:22 am

So Perspective wants it both ways. He whines and complains about Obama and the AIG bailout. Now that the democrats are trying to recover the bonus money, he is siding with the AIG people.
Can anyone else see through Perspective's little charade? Does anyone really expect more from a committed Obama-Basher?


Posted by sarlat, a resident of Crescent Park
on Mar 19, 2009 at 8:54 am

Ir was the Republicans who fought tooth and nail against any caps on executive compensations in the TARP bill. The GOP's insanely immoral ideology of unregulated disaster capitalism is what cause this economic and financial meltdown. Reading a conservative blame Democrats for what the disaster conservatives have created is beyond chutzpah.


Posted by Sharon, a resident of Midtown
on Mar 19, 2009 at 9:01 am


DUKE COACH SLAM DUNKS OBAMA: FOCUS ON ECONOMY NOT NCAA PICKS


the economy is something that he should focus on, probably more than the brackets," Duke coach Mike Krzyzewski said from the Blue Devils' first-round site in Greensboro, N.C.


Posted by Paul, a resident of Downtown North
on Mar 19, 2009 at 9:03 am

It used to be Commies carping about everything American. The Repubs have taken over for them.


Posted by Marvin, a resident of Charleston Gardens
on Mar 19, 2009 at 9:11 am

And your point, Sharon? By the way, at least try to get the story straight--the coach did not "Slam Obama":

Web Link

"Somebody said we're not in President Obama's Final Four,'' coach Mike Krzyzewski said in a lighthearted moment Wednesday as Duke prepared to face Binghamton in an East Regional first-round game in Greensboro, N.C. "As much as I respect what he's doing, really the economy is something he should focus on more than the brackets.''

Clearly Obama can multi-task, Krzyzewski cannot.
I am sure you never bashed Bush for going on vacation while the war in Iraq raged. But Obama filling out the BB brackets is too much for you to take.

But I am sure this story made your day, Sharon.


Posted by Walter_E_Wallis, a resident of Midtown
on Mar 19, 2009 at 9:24 am

Walter_E_Wallis is a registered user.

Presidents do not go on vacation.
No Bill of Attainder or ex post facto Law shall be passed.


Posted by resident, a resident of Adobe-Meadows
on Mar 19, 2009 at 11:03 am

Well, the Democrats won't be getting a lot of campaign donations from their rich 'friends' anymore. And all the regular folk will be out of jobs anyway because of the continued reckless fiscal policy of spending more than we have. Congress has let the Fed go out of control. Another $1 trillion? Are we serious? Money has no value anymore. Go buy all the Prada, Gucci bags you desire, all the Mazzerati's and Porche's you want. Money has no value.

Congress is wasting their time on the triffling things - a few million dollars in "bonuses" is getting so much furor, but $1 trillion? Ah, Who cares. Craziness.


Posted by resident, a resident of Adobe-Meadows
on Mar 19, 2009 at 12:02 pm

This whole thing is so pathetic that it's almost laughable. Okay so they pass it and Congress can go back to patting themselves on the back and go back to the American people and say We got the bonuses back! This makes everything better?

What a joke.


Posted by Paul, a resident of Downtown North
on Mar 19, 2009 at 12:27 pm

"Presidents do not go on vacation."

That would be news to Bush, who spent 30% of his term on vacation. On his August 2001 vacation he blew off intel warnings of an impending terrorist attack, which then occurred on 9/11. Didn't care to interrupt his perch fishing, I suppose. You know that his greatest accomplishment, catching a 7.5-lb perch, happened on one of his many vacations, right? Said so himself. (Classic fish story, that. Perch don't grow anywhere near that big.)




Posted by Julius, a resident of Barron Park
on Mar 19, 2009 at 1:33 pm

First, its true that presidents don't go on vacation. They take the job with them wherever they go - Crawford, Santa Barbara, Camp David, Warm Springs...anywhere, anytime, they can be reached and communicate their decisions.

Second, George Bush is a private citizen now. Time to quit playing the blame game and stick with the man who is actually running the country. He gets the credit and/or blame for everything that happens from 1/20/09 and onward.


Posted by OhlonePar, a resident of Duveneck/St. Francis
on Mar 19, 2009 at 3:34 pm

Julius,

Those who cannot remember the past are condemned to repeat it. In other words, keeping Bush's abysmal record in mind is the responsible thing to do.

Walter,

Bush took a record number of vacation days. More than any president ever. Remember that when you look at what happened and the poor judgments made.


Posted by Perspective, a resident of Midtown
on Mar 19, 2009 at 4:55 pm

Wow. I am watching it in action, aren't I? The fall of America, and all you people can do is bicker over Bush and vacations and Republicans.

Wake up people. THE POINT IS THAT A GOVERNMENT BIG ENOUGH TO GIVE EVERYTHING IS BIG ENOUGH TO TAKE IT ALL AWAY...and we have witnessed the perfect example of this today.

Web Link The House passed the bill taxing bonuses at 90%. When are they going to "pass a bill" to tax YOUR contractually agreed to, (and backed by a Congressional Bill), payment at 90%? What other destruction of our rule of law does Congress think it has the power to destroy? I suppose the next set of contractual law it will overturn will be the contracts between lenders and borrowers..

Effect as of today of this vote today? Watch our market start to slide down again as confidence and trust in our laws, in our contracts, is shaken AGAIN. Watch what little credit loosening was JUST beginning dry up.

Until today, I was still willing to say that this was still a better economy than 1980-81. But, between the biggest deficit to GDP ratio ever, the most unfunded liabilities ever, the constant threat of nationalization of various businesses, and now this willy-nilly ability to force a breakage in contracts..I take it back. This government has succeeded in fulfilling the Obama mantra of "worst economy since the Great Depression". If it isn't yet worse than 1980, it will be soon. The funny thing is that in 1981, we DID have a worse economy than now, but in spite of the constant leftist and media harping, those with the traits of wisdom, creativity, risk taking and hard work saw in Reagan's beliefs the seeds of confidence in being able to reap what they worked for..and our economy took off ( bringing the whole world along with us). NOW..no confidence.

Instead we have attorneys rushing around making bad law trying to "rescue" businesses that should be allowed to fail, then trying to undo the bad law by breaking contracts and destroying faith in our rule of law. If you want to regain business ( employer, new products that improve quality of life, wealth generation) confidence, get the government bureacrats out of the business of running businesses, and back into encourage business growth and risk taking ( and a consistent application of predictable laws)

It is sickening and frightening the amount of power you are willing to give your government over you and your choices. Who was it that said that America will not lose its freedoms through revolution, but through giving them away? We are watching it happen.

Wake up before it is too late..maybe it already is.


Posted by Perspective, a resident of Midtown
on Mar 19, 2009 at 5:46 pm

The more I think about it, the more disgusted I get. All this angst and teeth gnashing, followed by a destruction of trust in contractual law and follow through of Congressional bills....for aobut 3/4 of one penney for every American citizen, or about 1 penny for every adult citizen, or about 2 pennies for every citizen who actually pays any taxes.

In the meantime, we gave more than 1000 times that much in bail out money to the same company, which we should have allowed to fail in the first place..and no teeth gnashing!

I am completely baffled by us. A friend of mine told me to not be so optimistic about us doing the right thing regardless of party affiliation ( back when I was optimistic that brains and good results would take over politics once the election was over). She told me that our education has dumbed down the American people so much that they simply can't think and are a bunch of sheep, listening to whatever is fed to them by whoever they worship.

I remember telling her that surely the Dems, now that they were in full power and fully responsible for everything, would act responsibly, that they wouldn't want the destruction of the American economy and security on their hands..and she said no, they will follow the emotions of the people, because they are of the same educational emotional ilk and background as most Americans now.

I called her just now and admitted she was right.


Posted by Nightmare in DC, a resident of another community
on Mar 19, 2009 at 11:12 pm

Walter: Your simple review of the Constitution is all that needs to be said.

The outrage, the shame, the idiocy - Have those people ever bothered to read the Constitution of the United States of America?

The point here for the party faithful is this question:

If those Democrats in Congress can pull this what would they really do to you?

A lampshade comes to mind.

You party faithful folks better stop this idiocy or come 2010 you will find the unemployment line shocking, long and unpleasant.


Posted by Perspective, a resident of Midtown
on Mar 20, 2009 at 6:46 am

I didn't even bother bringing up the Constitution since apparently this Congress and this President believe it is "living and breathing"..ie: changeable into whatever they want to make it.

I believe our Constitution is just barely alive, on life support maybe, with this Congress and President.

We prefer to punish citizens through public humiliation and 90% taxation, breaking our contract laws, telling bank CEOs in locked rooms to take money and use it to buy smaller failing banks, then publicly hang them out to dry when they don't lend the money out to individuals, demonizing talk show radio hosts, talking down our cops for doing their job and enforcing immigration law, and forever waging class warfare against those big bad rich, big bad companies, big bad pharmacies, who invent better stuff and medicines and employ people....

but then have Pelosi tell an audience of Hispanics that the illegal aliens in our country are the real patriots, AG Attorney consider bringing Guantanomo terrorists (who are in Guantanamo because they were caught in the field trying to blow up and shoot innocents) to our country to "release them" after a trial in which THEY, unlike CEOs and Radio Hosts, are presumed innocent and given a trial, insist that we given money to people who didn't buy a home within their means from people who actually live within their means and are paying their mortgage, choose which private company to put private money into and which company to allow to fail ( the ones failing must be thanking God they weren't chosen for rescue!), insult our allies and cozy up to our enemies....

Actually, I am seeing a pattern here. Up is down, black is white, enemies are to be treated as friends and friends are to be treated as enemies,the Constitution is to be flexible and ideology not...

All from ignorance of the masses and corrupt power grabbing of the leaders.


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