http://www.webdesigntaxi.com/blog/2009/03/wheres-my-bailout/ Thu, 24 Nov 2011 23:41:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.webdesigntaxi.com/blog/2009/03/wheres-my-bailout/comment-page-1/#comment-1297 admin Fri, 20 Mar 2009 19:26:02 +0000 http://www.webdesigntaxi.com/blog/?p=297#comment-1297 Also, from what I understand, the bonuses were already there. The part which Senator Dodd and Tim Geithner were responsible for were placing the loophole in the legislation that allowed the bonuses to be paid out with the bailout money. But the contracts were already in place before that. Also, from what I understand, the bonuses were already there. The part which Senator Dodd and Tim Geithner were responsible for were placing the loophole in the legislation that allowed the bonuses to be paid out with the bailout money. But the contracts were already in place before that.

]]> http://www.webdesigntaxi.com/blog/2009/03/wheres-my-bailout/comment-page-1/#comment-1296 admin Fri, 20 Mar 2009 19:10:34 +0000 http://www.webdesigntaxi.com/blog/?p=297#comment-1296 Agreed. The taxing was a bad call and only done to make "some" people look good. It is basically the modern version of a witch hunt to do so because the call was made to please an angry crowd. Agreed. The taxing was a bad call and only done to make “some” people look good. It is basically the modern version of a witch hunt to do so because the call was made to please an angry crowd.

]]> http://www.webdesigntaxi.com/blog/2009/03/wheres-my-bailout/comment-page-1/#comment-1295 Josh Fri, 20 Mar 2009 18:58:18 +0000 http://www.webdesigntaxi.com/blog/?p=297#comment-1295 AIG did not put these bonuses in the contracts, Senator Dodd and Tim Geithner are responsible. They were either originally in Sen. Dodd's bill or were slipped in at some point, but if the legislation wasn't being shoved through Congress someone might have had time to read it. Timothy Geithner has no excuse why this should have happened under his watch, our own government is responsible. That being said, it's wrong to tax these people 90%. No matter how mad we are, we can't legislate out of emotion, and it's unconstitutional to pass a bill of attainder like this. Think about it: are you really comfortable having a House that was able to pass legislation taxing a group of people 90% so quickly? They did this within one day with ease; what's going to happen if they decide WE need to be taxed more? AIG did not put these bonuses in the contracts, Senator Dodd and Tim Geithner are responsible. They were either originally in Sen. Dodd’s bill or were slipped in at some point, but if the legislation wasn’t being shoved through Congress someone might have had time to read it. Timothy Geithner has no excuse why this should have happened under his watch, our own government is responsible.
That being said, it’s wrong to tax these people 90%. No matter how mad we are, we can’t legislate out of emotion, and it’s unconstitutional to pass a bill of attainder like this. Think about it: are you really comfortable having a House that was able to pass legislation taxing a group of people 90% so quickly? They did this within one day with ease; what’s going to happen if they decide WE need to be taxed more?

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