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To: Sudetenland
This is one thing I actually agree with Obama over...not the envy stuff, but the limits on how these idiot corporate managers spend our tax money....They should never have received the money in the first place. This is them getting their just desserts.

You didn't give them the money, you lent it to them. The government is generating positive cash flow on the deal, charging 5% to 8% while borrowing at sharply lower rates. Regardless of your feelings about "just desserts", do you really accept a centrally planned Soviet style economy as their price?

That aside, the whole think is nonsense. It will apply only to a handful of executives, those bonus' that offend you go to hundreds, the overwhelming majority of whom aren't covered. Which is a good thing, since they'd simply leave for greener pastures, aka non-US and non-participating banks. Foolish economics, made possible only by the class envy across the political spectrum which The One is tapping into. He's good at that.

59 posted on 02/05/2009 7:40:50 AM PST by SJackson (most merciful thing that a large family does to one of its infant members is to kill it, M Sanger)
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To: SJackson
The government is not a bank and should not be in the business of making loans...Federal government in ownership or partnership with businesses that is a Soviet style or Fascist style system, respectively.

I don't care about those business executives who get huge bonuses...doesn't bother me one bit, never has...except as I see it being rather clueless as to how it would be perceived by the public, especially at a time when you are laying off workers. Seems kind of tasteless, but it is none of my business. Class envy is and always has been a strawman for Liberals.

When it comes to tax-payer funds, suddenly it is my business.
74 posted on 02/05/2009 8:31:03 AM PST by Sudetenland (Those diplomats serve best, who serve as cannon fodder to protect our troops!)
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