Putting on a great show: Kabuki in the House; Update: 328-93, 90 percent bonus tax passes
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If you haven’t been watching the AIG bonus debate in the House, you really should tune in.
Barney Frank is shrieking. Jumping up and down over parliamentary procedure. Blaming Bush, Bush, Bush, and then attacking GOP for “partisan attacks.”
John Boehner just finished statement: “Are you kidding me? This is joke. Vote no.”
Very effective: Almost all House GOP members have text of Dodd/Treasury/Obama AIG bonus protection clause on paper or in poster board home.
Frank has no response but to blubber.
Hensarling: “What we have here is a legislative cover-up. The Democrats could have prevented this. All of sudden, the [bonus protection] appeared and it has no parents…Here’s a newsflash: No more federal money, AIG, until bonsues are repaid. What happened to the most open, honest Congress in the history of America?”
1:59pm Eastern. Nancy Pelosi praises Democrat leadership for “protecting the national interest.”
***
GOP Reps. LaTourette and Bachus press Frank on what he knew about Dodd provision insertion in conference committee. After blustering, Frank confesses he didn’t know what was going on — and then goes back to huffing about Bush, Bush, Bush!
Just fyi: Here’s the Fishwrap of Record’s coverage for compare/contrast.
***
Update 2:45pm Eastern. The 90 percent bonus tax passed 328-93.
With a few minutes left, some Republicans are changing their votes on a separate sense of congress resolution regarding the bonuses.
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I agree. This really and truly is the most corrupt of Congresses, devoid of any decency or pretense of honesty and loyalty to America or her Constitution.
I can understand why there is violent overthrow of the government in other countries. I am so mad, so disgusted and so depressed that there is nothing I or anyone else can do until the next election. And even then, we cannot count on the electorate to know the truth or what is going on under the “most ethical Congress evah”.
“It will never hold up”
Funny, I heard the same thing about McCain – Feingold.
Did the Supreme Court save the day back then?
YAY congress took money from people who got it legaly!!!
Who is next?
Ex Post Facto? If it’s in Latin it must be outmoded and so should be ignored. Bill of Attainder? That isn’t even a real word, is it? Contract? We don’t need no stinkin’ contract!
I’m wondering if the good reps are just voting this to tap into the frenzy of the moment, calculating that it will be overturned as unconstitutional if challenged and by then there will be a new outrage.
2 months. TWO MONTHS and the new admin and Dem leaders have destroyed the integrity of contracts in this country for possibly decades to come.
They destroyed at least two parts of the Constitution of the United States.
They finally did it, the left has created a segment Americans of nearly 50% of voters who now will receive welfare type funds/income from the gov’t to ‘own’ these for voters for life.
They finally did it, congress and the White House, they’re using ultimate legislating power to COVER THEIR OWN MISTAKES.
Dodd, Geithner and Obama created the problem behind closed doors then blamed Bush and everyone they could dream up BUT themselves, made the problem worse by screaming out loud and now have torn the Constitution in pieces to save their own arses.
This should be, could be, impeachable offenses by all involved who have taken a sworn OATH to uphold the Constitution.
What else will they retroactively change laws over?
Nothing is safe as they did this in full view of the people without a care.
(sometime in the early 90′s congress set laws that basically MADE these companies pay most employees via bonuses OR not receive the tax write off- congress set this bonus pay plan up 17 years ago)
GOD HELP US.
…and we haven’t even got to Illegal Peloser and felony lover Holder.
For any that live in Walter Jones’ distict in NC, he voted for the tax. His staffer said the reason was the first bail out was unconstitutional, she had no comment for that article 1 section 9 thingy in the constitution about the tax.
Different court for that case.
Since this bill effects almost every bank in the US (not just AIG), this 90% tax rate (plus the state taxes) will be the Highest Tax Rate in the World, and could be the Highest Tax Rate in World History
See Wiki
WOW-
Our fearless leader, Michelle says about congress;
“Lying Crap Weasels”
AND-
“ipso facto strategy for covering up their own crimes and their own culpability”
on LIVE national TV.
Way to go Michelle!!!!!!!!!!!!!!!!!!!
Can we please stop this nonsense in 2010? That’s the only hope we have going forward until we get a real president in 2012.
Who said it?
rhymes with larry hussein obama
The AIG people will pay back a lot less if they use the Rangel method of calculating their tax liability.
And to find a suitable standard of an honest tax return, the AIG executives need look no further than the current head of the IRS, Tim Geithner, right?
Hmm. I wonder if any companies that accepted bailout money made any campaign contributions.
“I want the names, with no restrictions!”
Hey, can I get some of that action?
They’ve turned over at least 2 portions of it.
I hope somebody sues over this bonus crap.
First line of the bill. This is an additonal tax, you will owe this AND standard income tax on this bonus money!
And when the RNC or such call for a contribution, and they do weekly, that number, 84 Congressional Republicans voted Fascist/hysterical,will be my answer.
I can not get off the RNC call list try as I may–I tell them those days are over–one too many RINOs–but then the RNC seems to live in LaLa Land, Munchkinville or something.But those weaklings are not getting a dime.
Keep tuned fellow Domestic Terrorist:
Bro Attorney General Reinhard, Eric, whatever-Holder is releasing his “Signs of a Domestic Terrorist”.
1) Member: Libertarian Party-Constitutional Party
2) Ron Paul, Bob Barr bumper stickers
3) Belong to Second Amendment groups
4) Strongly identifies as a Constitutionalist
5) Flys Gadsden flag
6) Contributes to or reads Political blogs or newsgroups (HuffPro?)
God Bless us all, they are coming.
—
Keep the change-I’ll keep my guns
This is sooo unconstitutional. But, then again, who cares about that, these days, when it comes to gaining power? A corrupt congress run amok. This isn’t my government anymore. It’s only interested in itself, and not for any of us.
As best as I can tell…..
The bonuses were given to AIG employees who were hired to ‘untangle the mess’.
(They were performance bonuses.)
Sooooo……what incentive do they now have to remain at AIG……or to make any serious attempt at untangling anything???
I’ve also heard that bonuses were awarded to employees who had zero to do with the AIG fiasco. IT personnel, for example. If they kept the computers and networks up and running – and received a bonus – why should they be penalized???
So the House passes a bill to overturn a bill that they passed a month ago all for the sake of political expediency and theater. The bill is to retroactively tax Americans who earned money that was contractually due. What a bunch of cowardly bastards. I salute the 93 who had the decency to vote against this legislative theft act.
Maybe now they’ll decide to increase the ’08 tax rates on anyone who made too much money. Damn the Constitution…this is what happens when liberals are in power and it happens every single time.
You can’t tell me this was not orchestrated. Too many people out there who are going to only scan the headlines are going to see big capitalist companies are bad and the government is trying to protect me. Not enough people will understand AIG’s shady dealings with these politicians to begin with. The uneducated populace will only think, oh the GOP supports bad capitalist companies.
I understand your meaning in context, but you get a good hard rolled up newspaper whack on the nose for perpetuating the liberal myth that “McCarthyism” was a terrible thing that should have been opposed.
M Stanton Evans’ Blacklisted By History. Everyone should read it.
Big difference for our wacko Leftist (and they all are): McCarthy was outing communist who were in fact communist, communist in government, some in the Defense Department. While Walter Cronkite and CBS news made an industry of disparaging the McCarthy hearings the later release of the Verona Tapes did pretty much validate ALL of Senator McCarthy’s charges PLUS take the wind out of the Alger Hiss and Rosenbergs defenders.
But if some people saw on Television that McCarthy Bad, Commies Good let not the facts get in their way. The Lestist wackos are still mad at McCarthy for referring to William Fulbright as Halfbrite; I thought he was being generous to the odd man out: Racist KKK and communist sympathizer. Yes, that would be John Kerry’s friend. Democrats do seem to have a warm spot for left over KKK activist don’t they?
—
Keep the change-I’ll keep my guns
Lestist wackos = New Latin for Leftist wackos
Time to cut a hole in the mattress for the cash… If these festering boils on the ass of American prosperity can pass any kind of retroactive tax and make it stick, then we are all totally and completely screwed.
Wolverine!!!!!
Unfortunately, saving in a mattress isn’t going to mean diddly with the inflation that will accompany the latest trillion worthless pieces of paper that just got printed.
All you have to do is look at the public records – CitiGroup, ML, SB, and and the other investment firm (a senior moment)as well as the Royal Bank of Scotland (WTF) were heavy (top 5) contributers to Dodd’s and Frank’s campaign
We have an excellent list of RINOs to target as half of Republicans voted FOR this obnoxious bill.
Once again I ask, who exactly is Obama complaining about when he goes on the attack? Is he not getting everything he asks for?
Can we send Congress and The Senate for Their “Recess” to the AOKIGAHARA FOREST in Japan?!?! I bet folks here would ante up for the one-way tickets…
Desperate Japanese head to ‘suicide forest’
What about all the Repubs that voted for this, vote em all out 2010, trying to cover their butt’s is all. they voted for all this crap in the 1st place.
Push for and vote for the conservative running that is for term limits, including himself…the only way will get term limits, then again Orin campaigned originally on 3 terms and he was through, that was how many terms ago?
AIG Contributions? They did spread it around they did.
Sen. John McCain (R-Ariz.),
Sen. Chris Dodd (D-Conn.)
Sen. Max Baucus (D-Mont.)
Obama, Barack (D-Ill) $110,332
Bush, George W (R-Texas) $200,560
Schumer, Charles E (D-NY) $111,875
Twetty Byrd Bwrny Fwank is not listed
John Kerry owns stock in AIG–or one of his
wolveswives did.But they did spread it around so Congress owes them our money.
Congressional Junket Time
—
Keep the change-I’ll keep my guns
Lame, made-for-TV tax passes. Ya see?… see where all this bailout stuff leads to? It’s just getting weirder. How’s that dysfunctional socialism workin’ for you, Obama?
Yes, Senator Joe McCarthy was right.
What’s So Scary About Socialism?
Some exellent answers here.
My addition:
Socialism is not an endpoint; it is a passing through point on the way to Communism. But don’t take my word for it…read what the Communist Party itself has to say:
Name a single Communist country that worked.
Name ONE.
If Communist countries are better than Capitalist countries, why is it that Communist countries have to physically keep people from leaving (often shooting them when they try to leave), and we a hard time keeping tens of millions of illegal immigrants from coming into our country?
and while this Kabuki Dance was taking place, the Fed decided to pump $1 trillion into the economy by buying up our debt…huh??
http://www.iht.com/articles/2009/03/18/business/fed.php
watch Glenn Beck talk about this one and pray this never tried before trick works folks, if it don’t a wheelbarrow full of cash won’t get you a loaf of bread…
http://www.youtube.com/watch?v=_i502YtKiw0
Don’t these lawmakers ever sleep? Let’s give these dumb asses two years off so we can heal the country. The biggest threat to our nation is D.C.