So, you want to tax bonuses? Are you sure?

[artiesliver]

For the laborers, state workers, teachers, etc.that are protesting these bonuses, who do these people think is going to manage their money? What financial instruments do they think are backing their annuities, CDs, savings accounts, money markets, mutual funds, etfs? I look at enough publicly filed balance sheets (and counterparties) to tell them, and anyone that cares, that in order to make a spread the managers of these investment instruments were taking more and more risk to deliver yield/returns for their investors, while being pressured to deliver P&L to their bosses.

Are they going to have their postman manage their investments, as risky or as safe as they are? When the bond arbitrage trader is run out of the business by these draconian Obama tactics, are you going to have your plumber manage your mutual funds? When the commercial paper salesman decides to retire in light of this shit, is a physicist going to entertain clients? Everyone should take a breath and relax.....

 

[Dave007inVegas]

WASHINGTON – Vice President Joe Biden's economic adviser warned Sunday that a congressional plan to tax American International Group Inc. executives' bonuses may go too far in using the tax code as a tool for retribution.
President Barack Obama has not said whether he would veto some version of a House-backed plan to heavily tax the $165 million in bonuses. Biden economist Jared Bernstein said it's important to look at what version of the proposal comes out of the Senate.
"I think the president would be concerned that this bill may have some problems in going too far — the House bill may go too far in terms of some — some legal issues, constitutional validity, using the tax code to surgically punish a small group," Bernstein said in a television interview. "That may be a dangerous way to go."

 

[Georgiaboy]

WASHINGTON – Vice President Joe Biden's economic adviser warned Sunday that a congressional plan to tax American International Group Inc. executives' bonuses may go too far in using the tax code as a tool for retribution.
President Barack Obama has not said whether he would veto some version of a House-backed plan to heavily tax the $165 million in bonuses. Biden economist Jared Bernstein said it's important to look at what version of the proposal comes out of the Senate.
"I think the president would be concerned that this bill may have some problems in going too far — the House bill may go too far in terms of some — some legal issues, constitutional validity, using the tax code to surgically punish a small group," Bernstein said in a television interview. "That may be a dangerous way to go."

No way? Who would have thought that? I bet you he is just a rat wanger.

 

[Dave007inVegas]

No way? Who would have thought that? I bet you he is just a rat wanger.

Or possibly shit maggot swabie <><>

 

[kingbill]

How come all you guys were silent when the auto bailout was being delayed until the Workers had to make concessions in their own legal contracts...

I mean is it not the same thing or are you guys just hippocrates?

 

[Georgiaboy]

They shouldn't have been bailed out. Let them fail. They will go to Chapter 11 and then they can get rid of those bs UAW contracts that are costing they American car companies.

 

[kingbill]

They shouldn't have been bailed out. Let them fail. They will go to Chapter 11 and then they can get rid of those bs UAW contracts that are costing they American car companies.

Regardless, I agree they should have let them fail but I'm just talking about the government forcing changes to legal contracts...

 

[Georgiaboy]

They shouldn't have changed them, let their asses go to Chapter 11 and then they can have the legal right to change them.

 

[kingbill]

They shouldn't have changed them, let their asses go to Chapter 11 and then they can have the legal right to change them.

You mean the banks?

 

[ProPokerPlayer]

Boys i hate to be the bearer of bad news but you are all under the Soherto Spell..........While you sat and bitched, maoned and cried about a lousy 165 million bucks Mr.Soherto was passing these beauties that YOU know NOTHING about............Its all misdirection boys, never look where they tell you to look.........Its what going on BEHIND you that is going to kill you...

the House passed a $6 billion volunteerism bill (the “GIVE Act”) on Wednesday to provide yet another pipeline to left-wing advocacy groups under the guise of encouraging national service? Also coming down the pike: The Obama administration’s “cap-and-trade” global warming plan, which Hill staffers learned this week could cost close to $2 trillion (nearly three times the White House’s initial estimate.) and the administration’s universal health care scheme, which health policy experts reported this week could cost about $1.5 trillion over the next decade.

 

[kingbill]

Boys i hate to be the bearer of bad news but you are all under the Soherto Spell..........While you sat and bitched, maoned and cried about a lousy 165 million bucks Mr.Soherto was passing these beauties that YOU know NOTHING about............Its all misdirection boys, never look where they tell you to look.........Its what going on BEHIND you that is going to kill you...

the House passed a $6 billion volunteerism bill (the “GIVE Act”) on Wednesday to provide yet another pipeline to left-wing advocacy groups under the guise of encouraging national service? Also coming down the pike: The Obama administration’s “cap-and-trade” global warming plan, which Hill staffers learned this week could cost close to $2 trillion (nearly three times the White House’s initial estimate.) and the administration’s universal health care scheme, which health policy experts reported this week could cost about $1.5 trillion over the next decade.

Wow...Let's just hope this stimulates the world economy...

 

[Georgiaboy]

I agree the $165 million was just a "outrage" to distract the American people. Its disgusting what these fools are doing. BUT I don't blame them, I blame the Republicrats. At least the DEMS are doing what they said they were going to do. Why REP? They acted like the DEMS and got voted out of office.

 

[artiesliver]

How come all you guys were silent when the auto bailout was being delayed until the Workers had to make concessions in their own legal contracts...

I mean is it not the same thing or are you guys just hippocrates?

Because the UAW wasn't bullied by a bill from Congress to do so.

 

[kingbill]

Because the UAW wasn't bullied by a bill from Congress to do so.

No bailout with out concessions? May not be bullied but again it's the government forcing changes to existing contracts...

 

[barman]

hippocrate?

cum on fellas....

hypocrite