I can’t believe I’m watching our government do this.
And no one in a position to do is is so much as lifting a finger to stop it.
For the first time in my 35 year history, I’m seriously considering emigrating out of the US...:(:(:(:(:(:(
Congress seems very concerned about 5% of the People. It’s these 5% who pay 90% of the taxes in this country. If they would tax the bonuses at 100%, they’d be representing 100% of the people instead of only 5%.
“Sir, get your fat ass down here, and submit yourself to questions from the rest of your colleagues, you are as much to blame as anyone in the country for this mess.
You subject YOURSELF to what you are asking of me, and you do it FIRST -—
Then I will answer any questions that you wish to ask!”
That decision is Foretich v. United States (D.C. Cir., 2003). In the Democrats minds that case isn't applicable, because it dealt with a law passed by a Republican controlled Congress. Obviously, the federal courts know that the Constitution doesn't bind Democratic Congresses. [/sarc]
First it has only past in the House. The Senate needs to do its tweaking. And, the dOpey-One has to sign it. So, there is a lot that can change before it makes it to the courts. But, there will be a lot of pontification by Congress for the numskulls that elected the majority. As one of the minority I take no responsibility, I’m just getting the shaft.
What I find most objectionable is the broad stroke that there is no one who deserves a bonus. There are executives that made bad decisions and there some that preformed well. These are big companies that do many things, some of them competently. In the grand scheme of things you win a few and you lose a few, but, you hope to keep going forward.
The Democrats need to be somewhat concerned that all this backstabbing of financial donors is going to harm them in the very near future. With all the scapegoating going on, some party donors who are caught in this witch hunt may well spill the beans on the double-dealing, two-faced Dems.
If the majority of the US House of representatives doesn’t get replaced next term, it will signal to The One that it really is not such a big deal! He’ll feel free to go along his happy totalitarian way!