Despite what Obamanator wants you to believe, the banks are surely not the *only* guilty party in this economic fiasco.
Middle class americans lied,cheated, and atm’d to hell their homes to support a lifestyle they couldn’t afford.
Now that the bills are due, being the typical irresponsible people that they are, they blame everyone else but themselves for their own economic mess and situation.
Obamanator is doing nothing more than rewarding irresponsible people by taxing the hell out of everyone, including everyone who was responsible saved/earned just to “make things right”….
I think a good portion of americans need to sober up…And the only way to do this is to go through an economic pain.
We lost our competitive edge the day the bills were due and Americans started acting like a bunch of crybabies asking for handouts.
.And our government did know about those exec bonus before they went on a tirade about how shocking those bonuses were….That’s ok, because the majority of public just want someone to blame for their personal financial problems…Heck, let’s blame everyone that makes more than me….Let’s redistribute wealth.
Obama = liar
The good news about the internet and media these days is that information travels fast…Especially when our politicians lie….How many more times are we going to catch our politicians with there pants down? Or is the vast majority of americans still self-pitying themselves and ignoring the fact that our government is lying and going after a power grab…
First control banks, then auto makers, now health care…What next? Let’s regulate everyone’s jobs and pay everyone the same….
WASHINGTON, May 13, 2009 (UPI via COMTEX) — AIG | Quote | Chart | News | PowerRating — The New York Federal Reserve was aware of American International Group Inc.’s bonus pay plans months before the public controversy, government records show.
The New York Fed had five months head start on the controversy and was working with AIG — along with legal and public relations experts — to manage the public reaction they anticipated, The Washington Post reported Wednesday.
It was not until the end of February, however, that the New York Fed alerted the new Obama administration that AIG’s bonus payments were a growing concern.
Public outrage erupted when it was learned AIG would pay bonuses after accepting $180 billion in federal emergency aid.
Lawmakers in the Senate and House of Representatives drafted bills targeting the bonus checks with punitive taxes, but the controversy died down after several AIG executives said they would return the money. The bills, in turn, have idled.
The Post said U.S. Treasury Secretary Timothy Geithner was not named in documented correspondence the newspaper reviewed. The New York Fed alerted Federal Reserve Chairman Ben Bernanke about the AIG bonus issue in early February so he could deal with questions on the matter in a congressional hearing, the Post said.
