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how can you get this SOOO fucking wrong???Perception is 80% of the game. Rush, the apparent leader of the GOP, and the republicans in Congress are now on record as first being for the bonuses and secondly being against the bill to tax the bonuses at 90%.
So the party of the rich appears to be supporting the rich. Excellent!
Whoever the GOP hired as their PR person obviously only has one oar in the water.
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."
Perception is 80% of the game. Rush, the apparent eader of the GOP, and the republicans in Congress are now on record as first being for the bonuses and secondly being against the bill to tax the bonuses at 90%.
So the party of the rich appears to be supporting the rich. Excellent!
Whoever the GOP hired as their PR person obviously only has one oar in the water.
Perception is 80% of the game. Rush, the apparent leader of the GOP, and the republicans in Congress are now on record as first being for the bonuses and secondly being against the bill to tax the bonuses at 90%.
So the party of the rich appears to be supporting the rich. Excellent!
Whoever the GOP hired as their PR person obviously only has one oar in the water.
...The officials, who spoke on condition of anonymity because they were not authorized to speak publicly about Geithner's plan, said it will have three major parts.
One program will use the bailout fund to create a public-private partnership to back purchases of bad assets by private investors.
A second portion of the plan will expand a recently launched program being run by the Federal Reserve called the Term Asset-Backed Securities Loan Facility, or TALF. That program is providing loans for investors to buy assets backed by consumer debt in an effort to make it easier for consumers to get auto, student and credit card loans. Under Geithner's proposal, this program would be expanded to support investors' purchases of banks' toxic assets.
The third part of the Geithner plan would utilize the resources of the FDIC, the agency that guarantees bank deposits, to purchase toxic assets.
They state the obvious:
Hedge funds and other big investors may be even more leery of accepting the government's enticements to purchase these assets for fear of the imposition of tighter government restraints in such areas as executive compensation in the wake of the uproar over AIG.Leery? Really? Partner up with Pelosi and Reid now, and later find out whether you are a hero or villain and what your tax rate is - who would say no to that?...
Dude, you keep looking at this through your own bias.Perception is 80% of the game. Rush, the apparent leader of the GOP, and the republicans in Congress are now on record as first being for the bonuses and secondly being against the bill to tax the bonuses at 90%.
So the party of the rich appears to be supporting the rich. Excellent!
Whoever the GOP hired as their PR person obviously only has one oar in the water.
I am disappointed to see this treated as a partisan issue.
i think you are coming aroundI'd just like to repeat that this is one of the dumbest pieces of legislation in a long time. Never mind that it is probably unconstitutional, why would a company participate in the government programs designed to kickstart the economy when the bozos in Congress can just change the terms of contracts on a whim? Why go through the hassle?
What a terrible precedent. It just reinforces the Republican argument that the Democrat party is clueless about business and the economy.
i think you are coming around
I'd just like to repeat that this is one of the dumbest pieces of legislation in a long time. Never mind that it is probably unconstitutional, why would a company participate in the government programs designed to kickstart the economy when the bozos in Congress can just change the terms of contracts on a whim? Why go through the hassle?
What a terrible precedent. It just reinforces the Republican argument that the Democrat party is clueless about business and the economy.
it will be the first right thing he would doObama is on 60 Minutes. It sounds like he will oppose the 90% tax.
You do realize that this move to tax these bonuses was a smoke and mirrors technique by our congress to shift blame from themselves, and that it would never stand up in a court of law because it is unconstitutional.