Republicans put the brakes on taxing AIG bonuses

[Old Rocks]

Good for the Republicans.

Fatboy Rush is correct this time.

It's an idiotic tax.

Toro, you do not understand the feelings of the people on the factory floor. Where I work we have laid off over 50% of our people. All but a very few of the rest are working a 32 hour week. They have seen their 401Ks decline by as much as 70%. And the ones laid off, that thought that they had enough to tide them over, mortgage, ect. are finding that they do not.

They are not talking of taxing the people at AIG that are getting these bonuses, in spite of creating this debacle, their preferance would be to hang them. I am dead serious.

Medical benefits stop the instant that the job ceases, and the cost of the COBRA is beyond the means of these people if they are to pay the mortgage. And rent is more costly than the mortgage. But the value of the property has now often declined to the point that selling is not an option, either.

There is an anger building on the factory floor. An anger directed at those that have for years claimed that the millions to tens of millions that they recieved annually was deserved because they were the drivers of the economy. Right now, they seem more akin to drunken drivers. This anger is not directed at the current adminstration at all. It is directed at those that have benefited the most from the economy while destroying that economy. These people vote, and they call their government representatives at all levels.

 

[Old Rocks]

Senate Republicans brake rush to tax AIG bonuses

I guess they are listening to their party leader, Fatboy Rush Limbaugh. NICE!

How did we know the party of no would say no?

because like a good little commie you swallow your kool aid every day.

Good Commie? Damn, what a stupid reply. How about someone that is now determined to having a part in creating a more equitable income distribution in this nation? By whatever means it takes.

 

[Bern80]

How did we know the party of no would say no?

because like a good little commie you swallow your kool aid every day.

Good Commie? Damn, what a stupid reply. How about someone that is now determined to having a part in creating a more equitable income distribution in this nation? By whatever means it takes.

you wouldn't know equitable if it bit you on the ass rocks. Say what you mean not what you want it to mean.

 

[Xenophon]

How can the GoP be putting brakes on anything, the Dems have large majorities in both houses.

BTW, the bill as presented probaly is unconstitutional, and would have surely led to many court dates.

 

[midcan5]

Symbolism matters and regardless of the legality of this action saying NO to extravagant giveaways is the moral thing to do, particularly when the people paying for this have no such greedy good-old-boy theft machine. We seem to have lost our sense of morality and fairness in the contemporary worship and lust for more. This month's Vanity Fair has an interesting piece on the America Dream and how it changed from comfort to excessive materialism.


Rethinking the American Dream | vanityfair.com
At Failed Firms, No Bad Deed Goes Unrewarded | CommonDreams.org
Taming the Savage Market

 

[JimH52]

If the government had not stepped in and used tax payer money to save AIG, it would have gone under and all those pre-arranged bonuses would have been garbage. So, AIG was using tax payer money to pay bonuses to "losers."

The republican posters who argue that the people receiving bonuses were placed there by the government and then argue that the bonuses were contracted before AIG received the bail out money are so full of sh*t their eyeballs are brown.

In the end the GOP will lose again. The economy will begin to recovery in earnest by the end of 2009, and Obama will look like a hero. When in actuallity, the whole economic mess is cyclical and the recession would end then anyway.

But the party of "NO!" looks like the obstructionist that they really are. I applaud the GOP for allowing Fatboy Rush to call the shots for the party. The Democrats could not have written a better script.

Keep listening to his sick radio broadcast and keep buying his stupid ties so that he can continue to buy his fat cigars and make the GOP look like the "Party of NO."

 

[Annie]

If the government had not stepped in and used tax payer money to save AIG, it would have gone under and all those pre-arranged bonuses would have been garbage. So, AIG was using tax payer money to pay bonuses to "losers."

The republican posters who argue that the people receiving bonuses were placed there by the government and then argue that the bonuses were contracted before AIG received the bail out money are so full of sh*t their eyeballs are brown.

In the end the GOP will lose again. The economy will begin to recovery in earnest by the end of 2009, and Obama will look like a hero. When in actuallity, the whole economic mess is cyclical and the recession would end then anyway.

But the party of "NO!" looks like the obstructionist that they really are. I applaud the GOP for allowing Fatboy Rush to call the shots for the party. The Democrats could not have written a better script.

Keep listening to his sick radio broadcast and keep buying his stupid ties so that he can continue to buy his fat cigars and make the GOP look like the "Party of NO."

I don't know who said the gov't put the workers there, it was AIG, but they were hired or moved to deal with untangling the mess that became apparent to all with Lehman and Merrill, ect. Those that caused and allowed the mess/meltdown/crisis were gone when the ball started unraveling and they were not the ones getting these bonuses.

Did you manage to read any of the links of business writers from US News, WaPo, WSJ?

 

[Immanuel]

Symbolism matters and regardless of the legality of this action saying NO to extravagant giveaways is the moral thing to do, particularly when the people paying for this have no such greedy good-old-boy theft machine. We seem to have lost our sense of morality and fairness in the contemporary worship and lust for more. This month's Vanity Fair has an interesting piece on the America Dream and how it changed from comfort to excessive materialism.

So then you suggest that in order to correct one immoral act the government should institute another immoral act? It is immoral for those crooks in Washington to retroactively tax people who received those bonuses. By the way, I'm curious how many of those people who received a bonus were part of the decision making process that created the bonuses in the first place? I'm sure that those who made the decision to give out those bonuses got theirs as well, but how many of the people who received bonuses were part of the committee who decided to give them out.

Everybody is blaming the people who received the bonuses. It seems to me that those who should be blamed are those who paid the bonuses not those who received them.

Immie

 

[driveby]

The GOP are in favour of the bonus' because those getting the bonus are GOP members who will donate to the Party. Bonus money = profit to the GOP

Dodd received the biggest contribution Dudley Dooright .........

 

[Bern80]

Symbolism matters and regardless of the legality of this action saying NO to extravagant giveaways is the moral thing to do, particularly when the people paying for this have no such greedy good-old-boy theft machine. We seem to have lost our sense of morality and fairness in the contemporary worship and lust for more. This month's Vanity Fair has an interesting piece on the America Dream and how it changed from comfort to excessive materialism.

This is exactly the mob mentality, lack of objective thinking I am talking about. What exactly is moral about government setting a precedent that it can step in and break up private contracts it doesn't like? These bonuses, which AIG is contractually obligated to pay, are an infintecimal fraction of the bailout money given to them. It is not the moral thing to do and it is not the free thing to do. This is simply smoke and mirrors to cover up the idiocy of of bailing them out in the first place.

 

[Bern80]

If the government had not stepped in and used tax payer money to save AIG, it would have gone under and all those pre-arranged bonuses would have been garbage. So, AIG was using tax payer money to pay bonuses to "losers."

So why aren't you more upset that they were bailed out to begin with you kool aid drinking idiot?

The republican posters who argue that the people receiving bonuses were placed there by the government and then argue that the bonuses were contracted before AIG received the bail out money are so full of sh*t their eyeballs are brown.

Oh well didn't you just say you had PROOF these bonuses were put in place after the bail out?

In the end the GOP will lose again. The economy will begin to recovery in earnest by the end of 2009, and Obama will look like a hero. When in actuallity, the whole economic mess is cyclical and the recession would end then anyway.

You don't understand basic econ do you? Yes you will probably see your quick blip of a recovery at the end of the year. Thank god he will probably be in office for seven more after that so finally everyone will see he sold the future for the sack of the present. The problem is no one is willing to let the market correct.

But the party of "NO!" looks like the obstructionist that they really are. I applaud the GOP for allowing Fatboy Rush to call the shots for the party. The Democrats could not have written a better script.

Keep listening to his sick radio broadcast and keep buying his stupid ties so that he can continue to buy his fat cigars and make the GOP look like the "Party of NO."

Someone needs to say NO to a party that controls an institution that is horribly inept at doing anything well and presiding over the largest government expansion in history. YOU can keep drinking the kool aid thinking government babysitting you through life is really whats best for a society.

 

[Zoom-boing]

Symbolism matters and regardless of the legality of this action saying NO to extravagant giveaways is the moral thing to do, particularly when the people paying for this have no such greedy good-old-boy theft machine. We seem to have lost our sense of morality and fairness in the contemporary worship and lust for more. This month's Vanity Fair has an interesting piece on the America Dream and how it changed from comfort to excessive materialism.

This is exactly the mob mentality, lack of objective thinking I am talking about. What exactly is moral about government setting a precedent that it can step in and break up private contracts it doesn't like? These bonuses, which AIG is contractually obligated to pay, are an infintecimal fraction of the bailout money given to them. It is not the moral thing to do and it is not the free thing to do. This is simply smoke and mirrors to cover up the idiocy of of bailing them out in the first place.

Or something bigger. What is the left hand doing while the right hand is busy distracting us with this?

 

[DiveCon]

Senate Republicans brake rush to tax AIG bonuses

I guess they are listening to their party leader, Fatboy Rush Limbaugh. NICE!

How did we know the party of no would say no?

Well, somebody has to say no!

Just imagine how much of a spoiled brat you would be if your parents never told you no.

Immie

maybe thats part of her problems, maybe they never did

 

[DiveCon]

The Republicans in the Senate are always looking out for the little guy.

let me ask you this......how much money did anyone give directly to the little guy......

they have passed out about 1 trillion dollars in less than 2 months......

tell me ..... how much did you get......how much did they send you.....

because as far as i can tell.....they have given it to banks and state governments and union companies.....oh and they gave themselves raises.......

I have a bunch of young couples buying houses for the $8,000 tax credit.

Don't be so cynical. We are going to be alright.

We are Team America World Police.

just further proof that YOU are part of the problem

 

[DiveCon]

How did we know the party of no would say no?

because like a good little commie you swallow your kool aid every day.

Good Commie? Damn, what a stupid reply. How about someone that is now determined to having a part in creating a more equitable income distribution in this nation? By whatever means it takes.

how about your income being taxed at 90%

 

[DiveCon]

If the government had not stepped in and used tax payer money to save AIG, it would have gone under and all those pre-arranged bonuses would have been garbage. So, AIG was using tax payer money to pay bonuses to "losers."

The republican posters who argue that the people receiving bonuses were placed there by the government and then argue that the bonuses were contracted before AIG received the bail out money are so full of sh*t their eyeballs are brown.

In the end the GOP will lose again. The economy will begin to recovery in earnest by the end of 2009, and Obama will look like a hero. When in actuallity, the whole economic mess is cyclical and the recession would end then anyway.

But the party of "NO!" looks like the obstructionist that they really are. I applaud the GOP for allowing Fatboy Rush to call the shots for the party. The Democrats could not have written a better script.

Keep listening to his sick radio broadcast and keep buying his stupid ties so that he can continue to buy his fat cigars and make the GOP look like the "Party of NO."

so, you want unconstitutional taxes to be on top of unconstitutional give aways

 

[American Horse]

The GOP are in favour of the bonus' because those getting the bonus are GOP members who will donate to the Party. Bonus money = profit to the GOP

Most of the Captains of Industry and the Financial CEOs are graduates of Ivey League business schools, and are liberals. On the other hand CEOs of small businesses are likely a mix of both political philosophies. But in either case, they deserve the support of either party's congressional members if they haven't done anything illegal. The principle involved here is should the government abrogate legal contracts with ex-post-facto legislation, almost to the point of being "bills of attainder" aimed at a few wrongdoers? This potentially damages huge numbers of innocents not connected, and drives good people out of the system.

If some of these are illegal contracts, then throw them out because they aren't valid anyway, and take appropriate legal action. If they are legal contracts, and if mistakes were made by the policy makers, learn from this, and don't make the same mistake again; but stop stirring up the public, and terrorizing people who aren't criminals. This kind of coercive action by politicians is more criminal than anything else we see going on here.

 

[DiveCon]

The GOP are in favour of the bonus' because those getting the bonus are GOP members who will donate to the Party. Bonus money = profit to the GOP

Most of the Captains of Industry and the Financial CEOs are graduates of Ivey League business schools, and are liberals. On the other hand CEOs of small businesses are likely a mix of both political philosophies. But in either case, they deserve the support of either party's congressional members if they haven't done anything illegal. The principle involved here is should the government abrogate legal contracts with ex-post-facto legislation, almost to the point of being "bills of attainder" aimed at a few wrongdoers? This potentially damages huge numbers of innocents not connected, and drives good people out of the system.

If some of these are illegal contracts, then throw them out because they aren't valid anyway, and take appropriate legal action. If they are legal contracts, and if mistakes were made by the policy makers, learn from this, and don't make the same mistake again; but stop stirring up the public, and terrorizing people who aren't criminals. This kind of coercive action by politicians is more criminal than anything else we see going on here.

actually the records show that they gave a lot of money to Dodd and Obama
lol

 

[Annie]

The GOP are in favour of the bonus' because those getting the bonus are GOP members who will donate to the Party. Bonus money = profit to the GOP

Most of the Captains of Industry and the Financial CEOs are graduates of Ivey League business schools, and are liberals. On the other hand CEOs of small businesses are likely a mix of both political philosophies. But in either case, they deserve the support of either party's congressional members if they haven't done anything illegal. The principle involved here is should the government abrogate legal contracts with ex-post-facto legislation, almost to the point of being "bills of attainder" aimed at a few wrongdoers? This potentially damages huge numbers of innocents not connected, and drives good people out of the system.

If some of these are illegal contracts, then throw them out because they aren't valid anyway, and take appropriate legal action. If they are legal contracts, and if mistakes were made by the policy makers, learn from this, and don't make the same mistake again; but stop stirring up the public, and terrorizing people who aren't criminals. This kind of coercive action by politicians is more criminal than anything else we see going on here.

actually the records show that they gave a lot of money to Dodd and Obama
lol

Indeed. Obama was asked if he was returning the AIG $100,000 contribution. He didn't answer.

 

[Maple]

Thank God for that because it goes against our constitution, this tax will not be upheld in court if it is callenged, you are buying into the dog and pony show. This bonus for AIG was written into that so-called pork filled stimulus bill, 1,500 pages of it was released to the Senate at midnight and all of the Democrats and 3 Republicans signed on the next morning before they even had a chance to read it. Now they are pointing fingers at each other. Would you sign your name to spend $810 billion before you had a chance to read what you were spending it on?