Posted on 02/07/2010 12:40:12 PM PST by JohnRLott
The Obama administration has some pretty lame justifications for more taxes. Take its continued push for new taxes on banks. Treasury Secretary Timothy F. Geithner told the House Ways and Means Committee on Wednesday that the tax should be passed because it will help recoup the "outrageous" bonuses for AIG employees.
There's no question that $100 million in AIG bonuses has stirred up populist anger. But Mr. Geithner's chastising of AIG for its bonuses borders on the surreal, for it was he who, as president of the Federal Reserve Bank of New York, oversaw the AIG bailout. He was the one in a position to do what any lender of last resort could do - negotiate concessions from AIG in exchange for the dole-out. However, Mr. Geithner chose not to do that. Now, afterward, he blasts the company for continuing its normal bonus policy. Mr. Geithner is obviously either a hypocrite - attacking AIG now for bonuses that didn't bother him earlier - or is plainly incompetent. . . .
(Excerpt) Read more at washingtontimes.com ...
Geithner is one of the “flies” that the Obamaloon is the Lord of.
I am sure Turbo Tax Tim will determine if they actually pay the correct taxes on their bonuses.
To hell with Giethner. To hell with this Marxist government!!
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My friend the witchdoctor he taught me what to do,
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Ting tang,
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Ting tang,
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