Posted on 03/18/2009 10:50:06 AM PDT by Selkirk
Congresswoman Maloney wants to impose a 100% tax on the recipients of the AIG retention payments. Never mind that this is unconstitutional because it is a bill of attainder (a law aimed at a specific person or group of persons) and a taking without just compensation (others are considering a 98% tax to avoid this issue). What I find most concerning and ironic is that she is willing to say, out loud, that AIG should have merely not made the payments despite the fact that they were contractually obligated to do so.
She compares it to GM's renegotiation of its UAW contract.
(Excerpt) Read more at blog.politicalcastaway.com ...
So does Hugo Chavez...
She compares it to GM’s renegotiation of its UAW contract.
And that is the key difference: GM is RENEGOTIATING its contract. Not breaking it.
The IRS is taking 35 % ....Congress wants another 100 % ...Thats 135 %....That will show’em !
Congressional math ? Do we really want these guys owning/managing Banks ?
With Obozo in office, communist members of congress are no longer shy about braying their true beliefs.
She figures that since she can ignore the Constitution with impunity, then no contract is legally enforceable.
Brit Hume giving political commentary on what used to be his program last night pointed out that what the Congressional Democrats are talking about doing to get the money back amounts to a bill of attainder, which is specifically prohibited by the Constitution. Not that that would deter the Democrats.
Ronald Reagan cut government pay 10%.
This will end up another win for the Democrats, with the appearance of trying to try to make the money-inventing “market” follow safe rules. National Republicans are shackled in their “legalize everything that is about “business”” policy, and tricking the fools that this crisis is about sub-prime mortgages “forced” on lenders—when many lenders wanted to do this.
Saw this ridiculous clown on MSNBC this morning.
I kept thinking when is she going to blurt:
“Take It From a Big Mouth!’
(chuckle)
Well that really good since you all VOTED for this and trying to collect from non USA citizens might just be a tad of problem, idiots all!
Carolyn Maloney was right to question the bonuses. However this doesn't excuse her voting to squander hundreds of billions of dollars on a disastrous bailout that made such bonuses possible.
Carolyn Maloney was right to question the bonuses. However this doesn't excuse her voting to squander hundreds of billions of dollars on a disastrous bailout that made such bonuses possible.
Big Guv don’t like it? Don’t complain latter. Get it in writing first.
I guess to this clown, ‘renegotiation’ and contract violation are the same thing. Sad to think how many in the U.S. will be stupid enough to buy what she says.
Congresswoman Maloney is a blithering idiot, of course. Despite the fact that she is a dhimmirat, she must still work within a very loose framework of the US Constitution.
These freaks need to disappear from the public stage...
It’s time to take back the country.
That woman is not fit to be a legislator.
The point is that, despite how the Dems and the media have portrayed them, these payments are not bonuses at all. They are deferred compensation that was specifically enumerated in their employment contracts.
A bonus is something that is paid after an evaluation of merit. No one is entitled to a bonus but for the good graces and good fortune of the company. If these were bonuses, then people would have a legit beef.
Furthermore, your contention that the money would not have been there but for the fact that we bailed them out. This may be true, but it misses the point. By bailing them out, we lost the ability to force the company into bankruptcy, where the company could have legally renounced the contracts.
As it is, this is nothing more than a populist approach at trying to save a little face. Congress got us into this mess by getting into bed with these companies, and its finger pointing when the deals start to look bad is starting to get on my nerves.
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