Putting on a great show: Kabuki in the House; Update: 328-93, 90 percent bonus tax passes

By Michelle Malkin  •  March 19, 2009 01:56 PM

Scroll for updates…

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.”

KABUKI!

***

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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Posted in: AIG

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Comments


  1. #101
    On March 19th, 2009 at 4:52 pm, Jvette said:

    On March 19th, 2009 at 4:46 pm, Misscheryl said:

    It will never hold up, nor do they want it to. However, the very act of passing something illegal, should have recriminations. This attitude that they can do anything that suits them regardless of it’s legality, is in itself, illegal I would think.

    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”.

  2. #102
    On March 19th, 2009 at 4:55 pm, corona said:

    “It will never hold up”

    Funny, I heard the same thing about McCain – Feingold.

    Did the Supreme Court save the day back then?

  3. #103
    On March 19th, 2009 at 4:56 pm, sonofdy said:

    YAY congress took money from people who got it legaly!!!

    Who is next?

  4. #104
    On March 19th, 2009 at 5:00 pm, TomB said:

    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.

  5. #105
    On March 19th, 2009 at 5:02 pm, shooter said:

    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.

  6. #106
    On March 19th, 2009 at 5:05 pm, Les in NC said:

    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.

  7. #107
    On March 19th, 2009 at 5:07 pm, Jvette said:

    On March 19th, 2009 at 4:55 pm, corona said:

    Different court for that case.

  8. #108
    On March 19th, 2009 at 5:07 pm, faraway said:

    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

  9. #109
    On March 19th, 2009 at 5:21 pm, shooter said:

    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!!!!!!!!!!!!!!!!!!!

  10. #110
    On March 19th, 2009 at 5:23 pm, BlameAmericaLast said:

    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.

  11. #111
    On March 19th, 2009 at 5:27 pm, shooter said:

    “I’ve fought for open, ethical, and accountable government my entire public life. I don’t switch positions or make promises that can’t be kept.”

    Who said it?
    rhymes with larry hussein obama

  12. #112
    On March 19th, 2009 at 5:28 pm, Member-VRWC said:

    The bill that the House approved on Thursday was offered by Representative Charles B. Rangel, the New York Democrat who heads the House Ways and Means Committee. It would take 90 percent of the A.I.G. bonuses back in federal taxes. It would apply to bonuses paid since Jan. 1 by A.I.G. or any other company accepting more than $5 billion in bailout money.

    The AIG people will pay back a lot less if they use the Rangel method of calculating their tax liability.

    And they said it would do so within two weeks, as opposed to the year or so that the Democrats’ bill would take — assuming, that is, that the A.I.G. executives filed honest tax returns.

    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?

  13. #113
    On March 19th, 2009 at 5:33 pm, Dexter Alarius said:

    Hmm. I wonder if any companies that accepted bailout money made any campaign contributions.

    “I want the names, with no restrictions!”

  14. #114
    On March 19th, 2009 at 5:36 pm, prendad said:

    On March 19th, 2009 at 2:07 I’d like to slap Nancy Pelosi across her smug face. Yeah, that would provide at least some sense of relief.

    Hey, can I get some of that action?

  15. #115
    On March 19th, 2009 at 6:05 pm, MarcoPolo said:

    On March 19th, 2009 at 4:55 pm, corona said:

    “It will never hold up”

    Funny, I heard the same thing about McCain – Feingold.

    Did the Supreme Court save the day back then?

    They’ve turned over at least 2 portions of it.

    I hope somebody sues over this bonus crap.

  16. #116
    On March 19th, 2009 at 6:07 pm, Romeo13 said:

    To impose an additional tax on bonuses received from certain TARP recipients.

    First line of the bill. This is an additonal tax, you will owe this AND standard income tax on this bonus money!

  17. #117
    On March 19th, 2009 at 6:22 pm, ArizonaNeanderthal said:

    According to a screen cap from CSpan.com the vote was
    For – 243 dems, 84 reps
    Against – 6 dems, 87 reps

    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.

    There is no shortage of piano wire or hooks to hang it from.
    Reinhard Heydrich “The Hangman of Prague”


    Keep the change-I’ll keep my guns

  18. #118
    On March 19th, 2009 at 6:31 pm, graysonret said:

    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.

  19. #119
    On March 19th, 2009 at 6:43 pm, guitarguy said:

    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???

  20. #120
    On March 19th, 2009 at 6:47 pm, orlandocajun said:

    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.

  21. #121
    On March 19th, 2009 at 7:01 pm, frontierguy said:

    1:59pm Eastern. Nancy Pelosi praises Democrat leadership for “protecting the national interest.”

    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.

  22. #122
    On March 19th, 2009 at 7:01 pm, Khyris said:

    Misscheryl said:

    I’m so glad McCarthyism and the like could never happen in this day and age of liberalism…

    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.

  23. #123
    On March 19th, 2009 at 7:47 pm, ArizonaNeanderthal said:

    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

  24. #124
    On March 19th, 2009 at 7:49 pm, ArizonaNeanderthal said:

    Lestist wackos = New Latin for Leftist wackos :oops:

  25. #125
    On March 19th, 2009 at 7:59 pm, CantCureStupid said:

    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!!!!!

  26. #126
    On March 19th, 2009 at 8:34 pm, Khyris said:

    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.

  27. #127
    On March 19th, 2009 at 9:03 pm, Sea_Dog said:

    On March 19th, 2009 at 5:33 pm, Dexter Alarius said:
    Hmm. I wonder if any companies that accepted bailout money made any campaign contributions.

    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

  28. #128
    On March 19th, 2009 at 9:10 pm, Pasadena Phil said:

    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?

  29. #129
    On March 19th, 2009 at 9:10 pm, tamarah180 said:

    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’

    Aokigahara Forest is known for two things in Japan: breathtaking views of Mount Fuji and suicides. Also called the Sea of Trees, this destination for the desperate is a place where the suicidal disappear, often never to be found in the dense forest.

    Japan’s Aokigahara Forest is known as the “suicide forest” because people often go there to take their own lives.

    Taro, a 46-year-old man fired from his job at an iron manufacturing company, hoped to fade into the blackness. “My will to live disappeared,” said Taro. “I’d lost my identity, so I didn’t want to live on this earth. That’s why I went there.”…

    Taro’s story is just one of hundreds logged at Aokigahara Forest every year, a place known throughout Japan as the “suicide forest.” The area is home to the highest number of suicides in the entire country.

    Japan’s suicide rate, already one of the world’s highest, has increased with the recent economic downturn.

    There were 2,645 suicides recorded in January 2009, a 15 percent increase from the 2,305 for January 2008, according to the Japanese government…

  30. #130
    On March 19th, 2009 at 9:18 pm, rightisright said:

    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?

  31. #131
    On March 19th, 2009 at 10:19 pm, ArizonaNeanderthal said:

    On March 19th, 2009 at 5:33 pm, Dexter Alarius said:
    Hmm. I wonder if any companies that accepted bailout money made any campaign contributions.

    AIG Contributions? They did spread it around they did.

    Open Secrets Capital Eye

    Before the Fall, AIG Payouts Went to Washington AIG contributions to Congressional and Senate Races.

    In the last 20 years American International Group (AIG) has contributed more than $9 million to federal candidates and parties through PAC and individual contributions. That’s enough to rank AIG on OpenSecrets.org’s Heavy Hitters list, which profiles the top 100 contributors of all time.

    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 wolves wives did.

    But they did spread it around so Congress owes them our money.

    Japan’s Aokigahara Forest is known as the “suicide forest” because people often go there to take their own lives.

    Congressional Junket Time :-)


    Keep the change-I’ll keep my guns

  32. #132
    On March 19th, 2009 at 10:35 pm, Micheleeroo said:

    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?

  33. #133
    On March 20th, 2009 at 1:33 am, ITookTheRedPill said:

    On March 19th, 2009 at 7:01 pm, Khyris said:
    On March 19th, 2009 at 7:47 pm, ArizonaNeanderthal said:

    Yes, Senator Joe McCarthy was right.

    There is irrefutable evidence of a relentless Communist drive to penetrate our government, influence its policies, and steal its secrets. Most shocking of all, several U.S. officials supposedly guarding against this danger not only let it happen but actively cover up the penetration. All of this is precisely as Joe McCarthy contended.

  34. #134
    On March 20th, 2009 at 1:34 am, ITookTheRedPill said:

    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:

    Program of the Communist Party USA
    The Road to Socialism USA:

    Unity for Peace, Democracy, Jobs and Equality

    Communists advocate socialism as the first phase of a new stage of society, but we don’t think that social and economic development will end at socialism. We see socialist society eventually leading to a higher phase—communism—where the capitalist class and all classes will have disappeared, replaced by a commonwealth of all working people, and where national and racial enmity and prejudice will be things of the past. In communist society, the essentials of life will be plentiful and readily available to all, and the repressive apparatus of government will wither away leaving purely administrative functions. In the communist phase of society, social production and distribution of wealth would be according to the principals of the motto, “From each according to their ability, to each according to their need.” In the Communist Manifesto, Marx and Engels wrote, “In place of the old bourgeois [capitalist] society, with its classes and class antagonisms, we shall have an association in which the free development of each is the condition for the free development of all.”

    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?

  35. #135
    On March 20th, 2009 at 9:43 am, tiredofit08 said:

    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

  36. #136
    On March 20th, 2009 at 10:08 am, GraniteMan said:

    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.

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