Posted on 05/13/2009 2:55:48 PM PDT by Rufus2007
Remember back in March when Congress had the brilliant idea to retroactively tax bonuses paid out by bailed out insurer American International Group (AIG)? The House voted 328 to 93 for the 90-percent tax on the $165 million in bonuses, but it later died in the Senate.
Steve Moore, a member of The Wall Street Journal's editorial board, explained on CNBC's May 13 "Street Signs" that the punitive retroactive tax was just a distraction to divert attention away from the culpability of Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., for the current financial crisis.
"Remember, Barney Frank was one of the guys right at the center of the financial crisis," Moore said. "I think he had a lot of the blame of this lays at his foot. He said roll the dice on Fanny and Freddie. So the point is I think that these Democrats are trying to redirect the populist storm against members of Congress like Chris Dodd and Barney Frank towards executives. So, I'm not so sure he didn't want that to pass as a way of deflecting criticism."
...more (w/video)...
(Excerpt) Read more at newsbusters.org ...
This is what I have always thought it was a deflection from Dodd and Franks taking away their blame.
They always do that.
Same thing with their RINO Powell-Spector traitor “spies” creating finger pointing smoke for the media in the RNC thus destroying the real policy and leadership message being created against Obama’s and Congress’.
Communists do well in a divided environment and always get booted otherwise. Under the Baath or the Islamics, communists are always very tame and quiet except for anti-Israel and anti-US incitement.
Not at all extraordinary. The last law of thermodynamics goes something like, when the heat is on you, it is off of me. The House rats are pros at deflecting their culture of corruption.
Not all that extraordinary as a theory IMO. Why did Pelosi make her surprise Iraq visit right in the middle of having her house of lies re: “torture” briefings collapse? It’s a frequently used riff and consistent with the deliberately manufactured “we’re for the little guy” myth. Replace near-criminal culpability with polpulist mojo using the captive press as a tool. We’ve seen it before, we’ll see it again.
Our Congress is a RICO racquet.
Remember back in March when Congress had the brilliant idea to retroactively tax bonuses paid out by bailed out insurer American International Group (AIG)? The House voted 328 to 93 for the 90-percent tax on the $165 million in bonuses, but it later died in the Senate. Steve Moore, a member of The Wall Street Journal's editorial board, explained on CNBC's May 13 "Street Signs" that the punitive retroactive tax was just a distraction to divert attention away from the culpability of Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., for the current financial crisis.
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