Congress to tax AIG bonuses at 90%

[rookieNYC]

This is why I was confused why anyone would vote for this guy..Even people on this forum...Isnt real estate investing a form of capitalism?..After all dont we all get into this business to make money??...Why would any of you have voted for this guy?...Bush was no prize but I would gladly take him and the Republicans over this socialist...Not looking to stir the pot here just want some opinions..Taxing AIG bonuses at %90 is insane...Never mind taxing Wall street bonuses at the same level...There is already talk over creative accounting to get around these issues...Obama will be a one term President...No doubt in my mind..

Also the passing of this bill will surely send alot of corporate talent abroad...I hope you all enjoy this recession...Its going to stay like that for a while...Europe and Asia will gladly take all the American talent that will *run* away from this tax crazed country...

[propertymanager]

What's worse than giving AIG money to keep the company afloat?  Giving the people that ran it into the ground bonuses for their catostrophic failures.

Failures?  I don't think so.  These are some of the smartest people on the planet!  How many other people do you know of that have created a business that can make outrageous profits when things are good and then have the government bail them out when there business fails?

While we're talking about failures, if we were really interested in punishing the failures, it certainly wouldn't be these guys.  Chris Dodd, Barney Frank, Bill Clinton, George Bush, and the members of the Congressional Black Caucus would all be in jail if there was any justice!

Mike

[PositiveOutlook]

This is the part that totally blows me away... we the people have been whipped into a frenzy over AIG "wasting" $165 million (or 0.0009375 % of the money we gave them) on bonuses they were CONTRACTUALY obligated to pay, and the Obama administration and it's treasury secretary TOLD them to keep in the legislation, yet there is no outrage at not only the Congress voting to give themselves pay increases during a recession, when they waster FAR MORE ($450+ BILLION in interest alone last year on the National Debt or 16.3% of the entire budget), but them voting for legislation they NEVER EVEN READ FULL of wasteful spending, and getting ready to spend us into deficits to the tune of TRILLIONS dollars PER YEAR for the next decade DESPITE the fact that the CBO has already said it is UNSUSTAINABLE!  But don't let that stop them...

Absolute insanity!...  and this is the same government, who people seem to think is capable of running the entire healthcare system.  What do you base this on?  What track record do they have that even remotely makes you think they are capable of this? 

Or are you just going to go along off the cliff because you think you will get "free" healthcare?...

[John_in_NC]

This is the part that totally blows me away... we the people have been whipped into a frenzy over AIG "wasting" $165 million (or 0.0009375 % of the money we gave them)

I agree with everything you just posted, except this. We the people have not gave them this money yet. This is money that is going to be taxed through inflation. This is money younger people (me) are going to be paying for for a long time, in the form of suffering.

Another point, outrage is excatly what the powers to be want. Not the powers to be we know about, but the people behind the scenes that control our money. More specifically, the people who control and reap the rewards of the federal reserve. They hire people like turbo tax cheat to make baffons of themselves, so that attention is divererted from the real problem, of a failed monetary system. Very few people will talk about this, when they have people to point fingers at. Don't fall for it!

As long as we never doubt the system, the powers to be have us by a string.

The only thing I can come up with, is a revolution, a leader like Ron Paul. Someone who hasn't let political power and wealth corrupt them. A rare find.

[JTT Properties]

I recently saw a news article in which Obama is asking congress for the power to step in and take control of these companies before the companies can fail. The way I see it, this is basically giving the government the ability to step in, take over, and run any company that they see might be a threat to the economy. This is no longer a socialist campaign, it's downright communist.

Our fearless leader will continue to follow in the footsteps of Hugo Chavez: http://www.csmonitor.com/2009/0217/p06s01-woam.html

This new party in power scares the hell out of me, and the way the media and the masses bow to their whim is further proof that this country needs someone to step up and end this downward spiral. Hopefully 2012 isn't too late.

[Rich_in_CT]

I recently saw a news article in which Obama is asking congress for the power to step in and take control of these companies before the companies can fail. The way I see it, this is basically giving the government the ability to step in, take over, and run any company that they see might be a threat to the economy. This is no longer a socialist campaign, it's downright communist.

As opposed to what the FDIC does and has always done?  It's the same thing, just with companies like insurance companies rather than banks.