I recently wrote a post saying that the whole outrage thing in Washington over the bonuses received by AIG was a total fake. That this was so much political theater. I watched the game play out yesterday as congressman after congressman spouted one form of opposition to the bonuses. Then the House overwhelmingly voted to tax the bonuses at 90% to get the money back from those execs who received them.
Good right? Nope, just part of the game. These dipsticks in Washington should be well aware of what the US Constitution has to say on this type of thing.
Article 1 Section 9–Limits of Congress
No Bill of Attainder or ex post facto Law shall be passed.
Simply, they cannot target one group over another or they cannot tax a thing once it has been done.
This new tax will NOT hold up in court and the boys and girls in Washington know this…so all this fake outrage and action is nothing but political theater.
So if you, as a voter, buy into the bullsh*t that these people are truly concerned with what is going on in the bailout and that they are truly outraged, then you are a lot more STUPID than I gave you credit.
These bonuses were part of the original TARP and then carried on into the next phase, the TALF….all concerned knew what was happening and if they truly did not know of the outcome, then it is time for them to be replaced with people who will look after the business of the country.
I am willing to bet that they know what they are doing is not constitutional. That way when the courts declare the taxes unconstitutional the blame goes towards those judges “in the pockets of big business”.
Hi guy…how ya doing?….could be…but since these ass clowns are suppose to be defending the constitution I will not buy that argument…….like I said the words of the bonuses were in there from the beginning in the Bushy days…….and since NO one read the Obama stim package before they voted on it, they cannot use say anything about it. These idiots are trying to play a game and they are not doing a good job.