How stupid are we! It appears the politicians feel (or maybe they know) we are pretty friggin stupid. Senator Dodd, writes into a tax payer bailout bill, a loophole that permits Corporations to use tax payer money for bonuses by exlcusive exemption, saying "The alternative was losing, in my view, the entire section on executive excessive (for emphasis only) compensation," as Dodd told CNN.
How powerless are our elected officials? Who had such power to force the Senate, the House, and the President (administration/Treasury) to permit private payout of bonuses to private individuals from public funds meant to buttress their failing business? Who could force the good Senator(s) hand in losing "excessive" corporate compensation sections of this taxpayer bailout bill? Who is that powerfull?
We all know this "loophole" is typical quid pro quo. The O'Bama administration must NOT permit status quo or quid pro quo if it wants to remain the beacon of hope the people sought and expected. We want our tax dollars back from this intentional blunder and political rape. They talk about the legal aspects of imposing a 90% tax on those ill-gotten gains, hell they should just demand return of that money as it does not meet the intended purpose of the TARP funds goal. These are not quality people. You don't bonus people who perform in a manner that destroys the company. TARP funds are not rewards for failure.
I am so damn pissed off. I am getting sick and tired of the same old song and dance. We have heard this BS for decades upon decades...pretty soon action by the people outside of the accepted process must begin. We are mortgaging our childrens and grand childrens futures to pay for the extravagance, excessive compensation, false earnings and bonuses of pathetically incapable and under-performing executives. Our elected officials are complicit in this fleecing and cannot be trusted to correct this situation as this AIG BS shows.
I urge O'Bama to request censure of Senator Dodd and any other participant in this scheme. The time is coming for the American to take this problem into their own hands...literally.
Thursday, March 19, 2009
Saturday, February 28, 2009
Class Warfare!
It's funny how the recent proposal by President O'bama to increase taxes on those making over $250,000 a year is considered by conservatives to be "class warfare". Class warfare has existed for decades where the richest and wealthiest have shouldered the middle class with the lion's share of this nations tax burden through their tax shelters and abatements, manipulations of off shore ownership escaping taxation, out sourcing of jobs, and the list goes on.
We are where we are because the richest have avoided, whenever possible, contributing to the economic wellbeing and financial health of this nation. I am not saying the poorest of this nation haven't raped and pillaged the system and programs meant only to aid them temporarily...however their abuse and manipulations cost this nation less that the richest indiviudals avoid paying through Government sanctioned "class motivated" preservation means.
The time has come for the rich to relieve the middle class of a portion of the economic requirements of running this nation. I am waiting and would support more strigent review of the poor in this nation and action by President O'bama to insure the poor begin contributing as well. This is class warfare and has been for decades upon decades. Only now, the government is seeing that national preservation demands a balance in bearing the burden of day to day operation of this great nation. I strongly support government involvement in balancing the scales on both sides of the abusive classes of the poor and the wealthy. I urge all individuals to insure, through activism, that the O'bama Administration demand more from the poor and review possible action to prevent abuse of "safety net" programs and limit government handouts to capable individuals.
Abuse must be eliminated on both ends of the "class spectrum". The beginning is the demand that tax burden be lessened on the middle class and the most immediate way to accomplish this is increasing the taxes on earners making more than $250,000. The next step should be to reduce the payout of taxes to programs where abuse is prevalent...the welfare program. I urge an immediate cap on welfare access and a requirement for continuation of welfare that is very strict. We must eliminate "welfare" as an enabling program that promotes lazy and unproductive citizens. Work is an obligation. We must eliminate illegal aliens obtaining benefits they are not entitled to, they come here to work...then let them work. No benefits to any illegal alien.
So much needs to be done. Class warfare has existed for as long as I know, the only difference is when it affects the abusive classes of the rich and poor does it become news worthy or an objectionable realization. As long as the class warfare only affects the middle class in this nation the concept of its existence is laughable and absurd, but when it expands to include the abusive classes, suddenly it truly exists.
We are where we are because the richest have avoided, whenever possible, contributing to the economic wellbeing and financial health of this nation. I am not saying the poorest of this nation haven't raped and pillaged the system and programs meant only to aid them temporarily...however their abuse and manipulations cost this nation less that the richest indiviudals avoid paying through Government sanctioned "class motivated" preservation means.
The time has come for the rich to relieve the middle class of a portion of the economic requirements of running this nation. I am waiting and would support more strigent review of the poor in this nation and action by President O'bama to insure the poor begin contributing as well. This is class warfare and has been for decades upon decades. Only now, the government is seeing that national preservation demands a balance in bearing the burden of day to day operation of this great nation. I strongly support government involvement in balancing the scales on both sides of the abusive classes of the poor and the wealthy. I urge all individuals to insure, through activism, that the O'bama Administration demand more from the poor and review possible action to prevent abuse of "safety net" programs and limit government handouts to capable individuals.
Abuse must be eliminated on both ends of the "class spectrum". The beginning is the demand that tax burden be lessened on the middle class and the most immediate way to accomplish this is increasing the taxes on earners making more than $250,000. The next step should be to reduce the payout of taxes to programs where abuse is prevalent...the welfare program. I urge an immediate cap on welfare access and a requirement for continuation of welfare that is very strict. We must eliminate "welfare" as an enabling program that promotes lazy and unproductive citizens. Work is an obligation. We must eliminate illegal aliens obtaining benefits they are not entitled to, they come here to work...then let them work. No benefits to any illegal alien.
So much needs to be done. Class warfare has existed for as long as I know, the only difference is when it affects the abusive classes of the rich and poor does it become news worthy or an objectionable realization. As long as the class warfare only affects the middle class in this nation the concept of its existence is laughable and absurd, but when it expands to include the abusive classes, suddenly it truly exists.
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