Thursday, March 19, 2009

AIG Bonuses

The Imperial Federal government decided that the people who received bonuses at AIG ought to be taxed at a 90% tax rate. This is nothing more than an outrage. These people did nothing illegal yet are being investigated by the Congress like they were Al Capone. It is truly awful that we have come to this.

Here is the simple fact. A bunch of moronic politicians who are as corrupt as they are stupid are imposing their will. Of course, they are claiming this is to protect the taxpayers money. Why now? They did not seem to care when they were spending $30 million on the study of rats in San Francisco (or whatever they wasted money on).

So, Congress feels that the law abiding citizens who received bonuses from AIG ought to give the money back. It is outrageous that people take money from a company when it is going under. If that is the criteria, maybe Congress should give the money back also. After all, it is taxpayer money.

Here is a list of the top 12 people in Congress who received money from AIG in 2008.

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000

I am sure you will recognize some of the names on there. Funny, now they are the ones most outraged by the bonuses. Hypocritical?

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