AIG – Congress -President Grandstanding

We wanted to chime in on the AIG meetings yesterday. To watch those people in congress act like they had no idea this was part of the Tarp bill because they never bothered to read it, is almost criminal. For Dodd to pretend he did not remember putting the loophole in another problem all together. The worst is President Barrack Obama pretending that he is outraged and that he did not know this when it was already talked about in September of 08, when he would not get off the campaign trail to sign the bill. Then in January when the actual amounts were known. We now know that when he said he was going to be a different politician that Washington had never seen before. He meant he was going to the most unaccountable politician we have seen before. Today the House is scheduled to vote today on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000. This would apply to companies that have received at least $5 billion in government bailout money. Does anyone really think this is can happen? Does anyone really want the IRS to have this kind of power over the money you are allowed to earn?

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