Republicans put the brakes on taxing AIG bonuses

[Maple]

By the way you are not in the middle you are far left.

 

[JimH52]

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.

 

[DiveCon]

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.

how can you get this SOOO fucking wrong???
get your head out of your ass and understand that this tax is extremely unconstitutional


btw jim, the democrats are on record as supporting these bonuses, and tried to claim they didnt know when they did

if, like conservatives wanted, there were NO baliouts, this wouldnt be an issue right now

 

[American Horse]

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."

Isn't that a little like saying, that since the surgeon showed up in the emergency room and saved your life, you owe your life to him, not just the cost of the surgery he permormed at the lst minute? After all, without him your life would be worthless....and you a loser.

 

[mash107]

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.

Do you not understand that the Constitution explicitly prohibits bills of attainders (laws that target a person or group of people)? You'd surely be the type to support all the bail of attainders that the Nazis passed against the Jews in the 30s.

Bill of attainder - Wikipedia, the free encyclopedia

Also, if the cronies in government would simply let AIG fail and declare bankruptcy as it should in a free market, then they would not be in business to pay out bonuses! But as long as government steals money from us to give to them, why are you upset at how the money is spent within AIG rather than the theft from the taxpayers with the bailouts?

 

[Cecilie1200]

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.

And the party of shitting on the Constitution appears to be shitting on the Constitution. Hooray!

Now, if you're done congratulating yourself on how you can make your illegal, immoral, illogical bullshit palatable to the average uneducated dumbfuck on the street, perhaps you could address the question of what in the HELL makes you think it's legal or moral to violate the Constitution by imposing retroactive taxes, and use the IRS to harass citizens.

 

[Annie]

Intended or Unintended Consequences of Congress? The Administration?

Links and more at site:

JustOneMinute: Slow Down, We Move Too Fast

...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?...

 

[Xenophon]

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.

Dude, you keep looking at this through your own bias.

Take it from me, who loathes the GoP as much as dems, the GoP isn't taking this hit.

The dems are, trying to spin it and keep claiming the GoP is the party of 'no' or for the fat cats is wearing thin, people are realizing the dems are in charge and this is happening, not the GoP.

Come up for air from the leftwit websites, most people are seeing this for what it is, the CURRENT gov's mistakes.

 

[Yukon]

Obama signed the bill that bailed out the companies and bonuses were in it. Too bad boys but your country is not only broke but it's being run by gangsters.

Thank God in Canada we have Banks that work, Medicare for all, and OIL to sell to the world !

VIVE CANADA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[slackjawed]

I am disappointed to see this treated as a partisan issue. This isn't partisan because it's our leaders, both in government and in the financial realms, that have shown complete disregard for the US citizens. Our so-called leaders are creating a partisan issue of this situation as means of control over the American people and as a means to hide what's going on "behind the scenes". If our leaders didn't maintain and perpetuate this endless cycle of partisan politics, it would not be as easy for them to create a "behind the scenes".
Our leaders, all of them in government, are responsible for passing this bill. Unfortunately, not reading the bill and later using that as an excuse that what was in the bill was unknown to them appears to be an acceptable excuse to a lot of people. The fact is our congress passed this bill and sent it to our president and it was signed into law. See how easy that rolls off your tongue without using words like democrat, or republican or liberal or conservative. No matter what your party or ideology, the above statement states the stark unpleasant truth. We have been fleeced and our leaders don't care. They are only reacting because the public outcry became too loud to ignore.
When "the people" found out the details of the law that had been forced upon them by their corrupt leaders, they were rightfully outraged. Only then did our leaders make any moves to deal with the situation. Our leaders reactions to the public outrage has ranged from outright lying, to passing a bill using the tax code to amend the law they just passed. Mostly, our leaders have continued to polarize our citizenry by engaging in non-stop partisan bickering. They have been very successful in dividing the American people, thereby making it easier to continue the outright abuse and robbery of the American people. In the same fashion, they have repeatedly masked and justified their abuse of people in foreign countries.
Using the tax code to punish one group of people, not matter how reprehensible their past actions may be, isn't what most Americans consider fair. In fact, if your not worried that you and your family could be next you are very naive. This action not only raises questions related to the constitution, it sets a dangerous precedent. What group is to be targeted next? What happens when we have a majority in congress that doesn't like chicken farmers (for example)? Will we allow, no encourage our leaders to tax them at a punitive rate? Why stop there, the pig farmers have abused pigs for years (says one group) let's tax them out of business.
This set of circumstances regarding these AIG bonus monies,is yet another demonstration of the opinion our leaders have of us. (the citizens) They passed a bad law because they rushed it through the process. They used the fact that they rushed it through as an excuse to justify it's shortcomings. When public outcry became loud enough for our leaders to hear, they are trying to rush through another law, using a method that raises legal questions, to correct the errors in the first.

We, as taxpaying citizens, will not see any change in our leaders until we stop falling for their division tactics. Until we leave the party politics at the door and come together as citizens, there will be no change. Party politics is a method of controlling the citizenry. Divide the people and they can be more easily controlled and fleeced. Give them a choice between two candidates that really don't differ that much, and the illusion of free choice and free elections is maintained.

When they tell us that some businesses are "too big to fail" the unstated portion of their opinion is that the US Taxpayer is to small to matter. We are being shown this on a daily basis by our leaders, all of them.

 

[American Horse]

I am disappointed to see this treated as a partisan issue.

Would you call yourself a moderate?
Do you see the "4th Estate's" responsibility in the present situation that you go on with such passion about?

 

[Toro]

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.

 

[DiveCon]

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.

i think you are coming around

although a lot in the GOP were for this mess also
i dont know any conservative that was

 

[Toro]

i think you are coming around

Hey, I'm an equal-opportunity incompetence-pointer-out-er.

 

[mash107]

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.

Republicans are not that good too! Supply-side economics is just disguised military-industrial-welfare version of Keynesianism!

But yeah, horrible precedent. The most sacred of economic freedoms are for two competent people voluntarily enter into contract. For government to infringe on this, it does frighten me what we're heading into. What good are contracts made in the U.S. if the government has to right to make it null and void?

 

[Toro]

Obama is on 60 Minutes. It sounds like he will oppose the 90% tax.

 

[Maple]

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.

 

[DiveCon]

Obama is on 60 Minutes. It sounds like he will oppose the 90% tax.

it will be the first right thing he would do

 

[mash107]

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.

I don't share the same amount of confidence you have in our courts.

The courts have looked away for things that are explicitly forbidden in the Constitution... like taking someone's money or property by force and giving it to someone else (i.e. bailouts).

 

[elvis]

Obama is on 60 Minutes. It sounds like he will oppose the 90% tax.

it will be the first right thing he would do

Will there be a media backlash?