This is extremely dangerous ground, and a large number of Republicans voted for it.
No surprise there. A large number of Republicans are RINOS.
Too bad, there’s such a groundswell of anger against these bonuses, to vote against would be very damaging. I’m sure the pressure is on.
This is horrifying! The game continues with these clowns. Everyone MUST remember to attend a “Tea Party” nearest you on April 15!!!
This bailout BS is just getting deeper and deeper.
Bad facts make bad law.
Sure, we don’t love the bonuses, but this law is chilling.
Most people owned their mistakes. YOU OWN this Democrats and Specter.
Before anyone cheers this, just consider WHO IS NEXT.
God help them, they know not what they do.
How long before that 90% tax gets applied to ANY bonus the Obama-bots deem to “large”?
I’ve posted this elsewhere but if the shoe fits...
And I quote...
“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
Furthermore...
“But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.”
Thoughts?
A bill of attainder (also known as an act or writ of attainder) is an act of legislature declaring a person or group of persons guilty of some crime and punishing them without benefit of a trial. Bills of attainder are forbidden by Article I, section 9, clause 3 of the United States Constitution.
This is unConstitutional. Actually, it’s slapping the Founding Fathers upside the head. There is nothing American with what they are doing. Congress caused this mess, and instead of being held accountable, they usurp the Constitution to cover their butts.
Just Socialistic bread and circuses with this being the circus.
No way will this hold up in the courts but it gives the socialists/democrats some cover with the more gullible public for awhile.
The government gave the money away without knowing what would be done with it or being able to set limits on use. That is THEIR fault not AIG’s
Our government has overstepped its bounds BIG TIME here.
It’s not the beginning of the end. That happened on November 4th, 2008. This just greases the chute.
Blood in the street by year’s end. Mark my words.
Instead of this law they should pass one that prohibits Companies that receive TARP or other bailout money from giving political campaign contributions. Tax payer money should not be laundered through insolvent companies and then given to politicians.
Now we have punishment taxes.
This is wrong. It is meant to demonize the so-called “rich”. GDP will suffer as productivity will decrease as incentives for higher pay make it almost not worth working harder as pay will be taxed disproportionately. The executives at AIG and other companies (I hope that it also applies to Fannie and Freddie but somehow expect they are not included here with loopholes written into the bill) were paid to stick with the company in “retention” payments not incentive bonuses.
Guess what is going to happen now that this bill has passed? Those folks who have fought hard to keep AIG running somewhat smoothly in difficult times will pick up and go, quickly, leaving AIG in peril even more.
It’s very unsettling that the Constitution means nothing to 328/465 members of Congress.
A legislator that would use the law as a method of tyranny is a legislator that needs to be removed from office.
I’m sad to say that I now know how my founding fathers felt when they gathered to discuss what must be done to end the abuse of an all-powerful and deaf government.
The level of rising alarm in the back of my head keeps saying the same thing: When does talk lead to action and just how bold must that action be?
... and given that Article I Setion 9 Clause 3 states:
No bill of attainder or ex post facto Law shall be passed.
every one of them that voted "aye" should be impeached.
boy, this has got to be the best reason for hiding your assets
Next DC idea by libs?
“Tax Rush Limbaugh for the windfall of lies he tells about our new loved president. How dare he want P Obama to fail? How about a 90% tax of radio talk show hosts that make over a certain $$$ and have over so many stations. He is profiting on Obama’s misfortunes”