"There are no tax increases this year." Obama Adminstration, Larry Summers, CNBC 3/17/2009
I guess he thinks people won't notice that the Government increased the Cigarette Tax by $8.00 a carton.
I guess he wasn't listening when Charles Schumer threatened to take by force the Bonuses of AIG, if they didn't give it back willingly, due to threat of force. Frankly, it sounds the same as a common thug, mugging someone downtown Washington DC. "Give it to me, or I'll take it."
Clarity again: It's morally wrong for those executives to take the bonuses. It's contractually obligated they be given those bonuses. It's not in the least bit illegal for them to keep them.
It's not constitutional for Congress to have forced the Taxpayer to buy AIG. It is reprehensible that they did not read their own legalese before they forced us into that $700 Billion in debt (+interest).
Schumer, Obama, Gordon, Cooper, Cohen all voted for the $700 Billion CEO Bailout bill, the same one they're now complaining about.
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