Re: ObamaRama 8
I never claimed to be in favor of corporate welfare, but at least they're paying close to 50% in taxes on those "bonuses", in addition to being amongst the top 10% that pay 90% of the income taxes in this country. And pray tell Tundra: How does the money not go into the economy? It has to go somewhere.....either a bank, investment account, capital expenditures or other spending. It sure as hell isn't sitting under a mattress. And middle class people work in banks and investment firms too.....but they're probably not blue collar enough for you to consider job-worthy, right?
The welfare moochers aren't paying anything into the system. And please Scoob, don't call them "lazy arse workers"......because they're not WORKING.
And since we're on the issue, please expound on corporate welfare, ie., where it comes from and what it is supposed to be used for. Because more than likely, the bonuses aren't being directly paid using that money. You can't claim that the billions the government is paying for R&D and other purposes is diverted to execs in the form of bonuses, because it isn't true.....with the exception of AIG, which was a provision put into the Stimulus by Chris Dodd (D-CT)......one of the "idiots" who helped bring the country down economically. If you can show me where executive bonuses were paid directly with government-issued taxpayer money, then we can have a talk about it.
Also: Just because a bank paid out bonuses doesn't mean that those bonuses were paid with that same money from TARP. And even IF that were the case, those execs have contracts that denote how/if they even GET a bonus. If an exec fulfills the term of his/her contract, you're essentially saying that the corporation should nullify the contract and not pay the bonus? Imagine the sh*tstorm that would ensue if something like this happened to the UAW, AFL-CIO or AFSCME. So now your argument becomes "Everyone is equal, but some are more equal than others?"
And seriously Tundra.....stop claiming that TARP is a 0% loan. It's simply not true. The banks that took that money have been paying billions in interest every quarter on the money that the government forced many of them to take, not to mention the billions in stock options that were given to the Fed in that same deal in exchange for the funds. I was and still am vehemently opposed to how TARP was administered, but you're badly misconstruing the details of the program.
If you really want to get rid of tax write-offs, then scrap the current progressive tax code and tax everyone the same rate. That would be a step in the direction of the "fairness" that the Left is seeking--though they'll never see it that way. It worries me that you'd rather see $300 billion spread around to 100,000 unemployed people in exchange for nothing. That says something about your warped world view.
Oh, and be sure to be really, really p*ssed at your Democrat congresspeople. Because they're the ones that passed the Stimulus and TARP in the first place.
I never claimed to be in favor of corporate welfare, but at least they're paying close to 50% in taxes on those "bonuses", in addition to being amongst the top 10% that pay 90% of the income taxes in this country. And pray tell Tundra: How does the money not go into the economy? It has to go somewhere.....either a bank, investment account, capital expenditures or other spending. It sure as hell isn't sitting under a mattress. And middle class people work in banks and investment firms too.....but they're probably not blue collar enough for you to consider job-worthy, right?
The welfare moochers aren't paying anything into the system. And please Scoob, don't call them "lazy arse workers"......because they're not WORKING.
And since we're on the issue, please expound on corporate welfare, ie., where it comes from and what it is supposed to be used for. Because more than likely, the bonuses aren't being directly paid using that money. You can't claim that the billions the government is paying for R&D and other purposes is diverted to execs in the form of bonuses, because it isn't true.....with the exception of AIG, which was a provision put into the Stimulus by Chris Dodd (D-CT)......one of the "idiots" who helped bring the country down economically. If you can show me where executive bonuses were paid directly with government-issued taxpayer money, then we can have a talk about it.
Also: Just because a bank paid out bonuses doesn't mean that those bonuses were paid with that same money from TARP. And even IF that were the case, those execs have contracts that denote how/if they even GET a bonus. If an exec fulfills the term of his/her contract, you're essentially saying that the corporation should nullify the contract and not pay the bonus? Imagine the sh*tstorm that would ensue if something like this happened to the UAW, AFL-CIO or AFSCME. So now your argument becomes "Everyone is equal, but some are more equal than others?"
And seriously Tundra.....stop claiming that TARP is a 0% loan. It's simply not true. The banks that took that money have been paying billions in interest every quarter on the money that the government forced many of them to take, not to mention the billions in stock options that were given to the Fed in that same deal in exchange for the funds. I was and still am vehemently opposed to how TARP was administered, but you're badly misconstruing the details of the program.
If you really want to get rid of tax write-offs, then scrap the current progressive tax code and tax everyone the same rate. That would be a step in the direction of the "fairness" that the Left is seeking--though they'll never see it that way. It worries me that you'd rather see $300 billion spread around to 100,000 unemployed people in exchange for nothing. That says something about your warped world view.
Oh, and be sure to be really, really p*ssed at your Democrat congresspeople. Because they're the ones that passed the Stimulus and TARP in the first place.
we'll just ignore the toxic assets we just bought and the guarantees we made) AND banks/hedge funds made lots and lots of money. repeat the sounding joy. repeat repeat the sounding joy of the billionaire bankers laughing all the way. 
