100% Tax?

[firstdown]

Originally Posted by 70Chip

I found this instructive:

Political Punch: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month


"Three days later, on March 5, New York Fed officials forwarded to the Treasury Department a summary of AIG’s bonus and retention payment issues, including details of the retention program for officials of the Financial Products. This information included that $165 million in payments were expected that very month, as well as the fact that the contracts were in place in the first quarter of 2008, and so not covered by the limitations in the stimulus bill as articulated by an amendment to the stimulus bill offered by Sen. Chris Dodd, D-Conn.
As ABC News' Capitol Hill Correspondent Jonathan Karl reported, in February, the Senate unanimously approved an amendment restricting bonuses over $100,000 at any company receiving federal bailout funds, but during the closed-door House and Senate negotiations the provision was stripped out and replaced with a measure by Dodd exempting bonuses agreed to prior to the passage of the stimulus bill on February 11, 2009."

Funny that Dood is the one making the most nois about AIG so I guess he is trying to cover his a$$. Didn't I ask the question in another thread about what goverment actually work and performed well. No one listed the bail outs or this stimulas bill. This is what happens when you have to have a 800 billion bill passed in a week. Ok, maybe to weeks and Obams inexperience is showing more and more every day. He is not fixing anything just making it worse.