Tuesday, March 17, 2009

Some Scary Thinking Brought To You By Congress, And President Barack Obama

Chip Somodevilla / Getty

Congress May Tax AIG Bonuses see: http://money.aol.com/news/articles/_a/bbdp/congress-may-tax-aig-bonuses/384322

Soap Box Ravings wonders how Congress can write a retroactive tax to get bonuses that the government knew were contracted before they gave billions of dollars to AIG. Yet, Congress, the government and by definition, President Barack Obama failed to make that a criteria of the loan.

Soap Box Ravings also feels the AIG bonuses are a government smokescreen to keep peoples attention focused away from questions that should be asked, such as "Why was over one-half of the 179 Billion dollars given to AIG forwarded to Goldman Sachs (who refused bailout money) and to various European banks.

It is a bad thing when our federal government writes rules to "punish" ordinary people who follow the rules. Rules, written by Congress telling investment banks how to lend their money and offering up punishment to those investment banks that don't follow the rules.

But relax you who read this, today it is them; but tomorrow it may be you.

As a retired US Navy sailor and a Florida law enforcement officer, I can assure you that when you try to write rules to cover every detail, something detail is always missed. For example, by definition TSA prohibited items are the only things turned back. Terrorists and people that operate against terrorists know there are many dangerous items allowed on aircraft because they are not on the prohibited list. Many items not dangerous such as Disney flintlock toy souvenir pistols are prohibited because they look like a gun.

No need, not to worry, check out the story below:

Obama's AIG Outrage: All Talk, No Action
http://www.time.com/time/politics/article/0,8599,1885668,00.html

Soap Box Ravings says it's Obama's and the Democrat party's thoughts that count. Obama and his peers may not be able to stop the bonuses from being paid, I don't think they care at this moment. However, They have talked now about a new "punishment" tax. And Obama has again distracted many people from asking questions like: "What role did Barney Frank, Chris Dodd and the Democrat Party have to do with how we got here?" And also: "Why is AIG giving US Dollars to foreign banks to shore them up?"

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