[quote=paramount]Here’s the bottom line on the bailout’s IMO: where in the Constitution does it give permission for the US Government to take tax payers money and give it to corporations – even if it is a loan (which I doubt many will ever get fully paid back)?

We are all investors in GM and AIG whether you like it or not! That is just wrong and unconstitutional!

**6 No’s – No on Prop’s 1A-1F – they are tax increases**[/quote]

Yeah, like I said again, this administration and the previous one are pretty messed up. The problem with Obama and Geitner was that they royally fvcked up by not only objecting to those AIG bonuses, but actually encouraging and moving up the payout date. That’s where the outrage should be directed. What I think happaned is Geitner(having known how wall street works) knew if such bonuses were not offered, he and obama’s admin wouldn’t have been able to find anyone willing to untangle those AIG derivatives right when they needed to. Folks would have jumped ship left and right, work at an overseas bank,etc that isn’t subject to TARP etc. The fact that they allowed them as a tool for retaining people is pretty evident. But rather then fessing up what they did when the media caught wind of it, they redirected this to “oh my god, this is such a shocker. And redirected this to, oh my god, look at how much wall street people are paid”. And then some of the Democrat congressmen proposing legistation specifically targeting those bonus recipients. I’m sorry, our government is completely out of control.

The next worst thing is our government having the ability to dictate who should be CEO of companies. God almighty, I sure hope our banks and GM doesn’t end up like the U.S. Postal Service.