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For the most part you're on-point about taxpayers being incorrectly lectured-to when we complain about the excesses of the Obama Administration, but please remember that the bonuses being paid to the AIG execs are contractually-obligated retention bonuses. You really need to get the facts on this. That's why Geithner said what he did. They were already agreed-upon before AIG received any bailout money. Furthermore, the bonus payments were OK'd in the stimulus package which was just agreed-upon by BOTH houses on Congress and signed by Obama. Now in the midst of this outrage, we're hearing that many of the congressmen and Senators who voted for that boondoggle (all Democrats, at least in the US House) are admitting that they didn't read the entirety of the bill before freaking VOTING FOR IT! Now they're claiming to have been blindsided by this revelation about the bonuses...when they were IN THE FRACKING STIMULUS BILL! Personally I don't want to hear another damn word about "greedy Wall St execs." I want Congress hung out to dry for their faux outrage over a few million dollars in bonuses that don't amount a drop in the bucket when compared to the overall "stimulus" bill. It's nothing but a diversionary "Hey, look over there - Santa Claus!" tactic by our esteemed (hah!) Democrat Congress. And frankly it's even more terrifying that Congress could pass a bill of attainder (specifically outlawed by the Constitution) aimed at a handful of individual US citizens, taxing them at 90% to get that money back. If the Senate approves that nonsense, we're all screwed. The government will be able to punish anyone it likes. Fasten your seat belt.
Comment: #1
Posted by: Matt
Thu Mar 26, 2009 9:46 PM
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