Quote:
Originally Posted by randolph
Come on Tracy, don't you realize who Obama is bailing out? He is bailing out your buddies the capitalists! The capitalists are the ones that fucked up the economy with their relentless greed and now we the taxpayers have to save their asses. If it was up to me, I would drag their bonus stuffed asses through the streets! Obama is on your side!   |
That was old news. It was in their contracts to receive bonuses. The white house doesn't have the authority to change that. Although they would if they allowed the companies to declare bankruptcy. But the method preferred by Omama is to give them millions, and THEN let them go bankrupt. Anyway, the democrats considered ways to prevent them from getting their bonuses. They would do a retroactive tax at about 90%. Just for them. Only thing is that violated the constitution. You can't make a law to punish someone retroactively for something that was legal when they did it. So the white house made it clear to the companies that they would not be handing out the bonuses.
Now for the other side of the story... The asswipes that put those companies in financial trouble were long gone with their large severance pay. The companies hired new executives to clean up the mess. Those executives were payed $1. Their real salary was the bonuses that would come later. So they worked 60-80 hour weeks, restructuring the companies, and putting them back on track financially. Then it comes time for them to receive their bonuses. Their bosses tell them sorry. There will be no bonuses at the request of the president. I hope you understand.