Posted on 03/21/2009 11:04:44 AM PDT by mywifecallsmerobi
Dear Friends,
This week, I was just as outraged as I am sure many of you were, when I learned that millions of dollars were paid out in bonuses to employees at companies that received bailout funding. I am dumbfounded to think that some of the very people at AIG whose recklessness caused such harm to the financial system and our economy are now being rewarded.
What’s more is that the Federal Reserve and the Treasury Department knew about these bonuses before they went out and did not aggressively act to stop them. The Treasury needs to step up oversight of those companies who have received federal bailout dollars and become a much more forceful watchdog of taxpayers’ dollars.
A lot of people have written and called my office to express their anger, and with good reason. Up and down Main Street, businesses are closing, homes are being foreclosed on and people are in financial trouble, while workers on Wall Street continue to profit. But, folks in Iowa look at that and see business as usual. They see one set of standards for ordinary working families and a very different set for the privileged and wealthy. They see the federal government requiring union workers at GM and Chrysler – some making as little as $14 an hour – to renegotiate their contracts and accept lower compensation as a condition for federal relief for their employers. But the bonus contracts for millionaires at AIG are held up as somehow untouchable. Iowans are sick and tired of seeing those who break the rules get richer and richer.
Congress must act now to recoup the bonuses paid out. We need to pass legislation that completely taxes those bonuses away. We need to send a message to AIG and other companies who received bailout money. They need to know business as usual will not be tolerated, incompetence and recklessness will not be rewarded and this kind of insult to Iowans and all Americans will not be allowed to stand.
Your Senator,
Tom Harkin
Yes, far better to make sure everyone is failing. What a clown.
If they want to stop wasting taxpayers money defund congress and the senate before they do any more damage to the nation!
I can’t agree with that tom has said a lot worse
is that a harkin kerry hand shake
\
looks like there is 3 hands in there
I’ve had a number of unannounced visits/interactions with folks doing the same volunteer work for the US gov’t in WY, MT, ND, SD, NE and IA. Without a doubt the majority of my interactions in IA (especially eastern IA) were relatively negative. The same situations in the other states father west and north were almost always extremely positive.
ty Mr.castro
An idiot and a liar. Remember when he claimed he flew “combat missions” from Guantanamo? A couple of freepers actually defended him with some technicality. (Probably because they were using the same lie)
not sure where father north is
could not be fother from the truth
Most farmers vote for RATS, you can’t blame it all one the cities in Iowa!
Dude (or dudette), you’re going to get culled out for using “one” ilo “on”
Yea, I couldn’t see posting the correction when it was obvious what it should have been.
I was just using you to try to tweak “IA supporter” ;-)
John Kerry, Tom Harkin and Daniel Ortega in 1985
Actually, Harkin claimed to have flown combat missions over Vietnam (declaring that he would have “refused orders to bomb civilians”), when the only flying he actually did was to ferry damaged but flyable aircraft to Japan, without ever flying through Vietnamese airspace.
Harkin was challenged over this lie in 1992, and his ambition to be prez was toast soon afterward.
Harkin reached his pinnacle at the Wellstone funeral. He’s a demagogue’s demagogue.
Hey, Tommy boy, if that is the case you and the rest of your Marxist friends need to be fired now!!!
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