- Posted March 17, 2009 by
This iReport is part of an assignment:
Bonus Bad Guys are Congressmen! Not AIG.
This is an excerpt from http://conservativeamerican.org
"DEMOCRATS WANT 100% TAX ON EXECUTIVE PAY BONUSES!
The idea of government stepping in and taking over private industry
in order to “save” private industry is ridiculous. Still, that is the
route both republican Bush-Paulson and democrat Obama-Geithner have
taken. To prevent the failure of capitalism, only ensures it.
Now that Uncle Sam owns AIG insurance, the democrats want to make all the decisions about how to run a company. They want everyone pissed off about AIG million dollar bonuses.
They literally want to legislate decisions on which employees should be
rewarded and which should not, how much of a reward they should or
should not get, and (here’s the real kicker) how much tax one has to
pay on bonuses. We warned you that going down this slippery slope to
socialism was not the right way to go.
STOP. Think about this:
If Democrats (or Republicans for that matter) really felt million dollar bonuses were that bad, why did they allow them? Why didn’t they stop them? They could have. By stepping in and keeping failing companies alive, your congressmen forced AIG to give out huge bonuses!!! The company, still in business because of your congressmen, must now fulfill its contractual obligations and pay these bonuses! If your congressmen and either President Bush or Obama really, honestly thought these bonuses were bad (and they don’t think that),
they should have let AIG file for bankruptcy, reorganize, renegotiate
contracts and put an end to contracts that required them to pay out
huge bonuses! The big bonuses are not the fault of AIG. If you’re mad
about them, blame your congressmen, senator and president!!
HOW ABOUT A 100% TAX ON THE PAY OF CONGRESSMEN?
Democrats are counting on you falling for this snow job. They
are counting on you getting caught up in the “Yeah, those guys
shouldn’t get big bonuses when tax dollars saved their company!”
hoopla. They want you to focus on how bad it is that the business is
giving out the bonuses. It’s a lie. It’s a trick. It’s an
un-American thing to do. Businesses giving out bonuses is not the point! Don’t fall for it. The point is how bad it is when government takes over private industry! No business is too big to fail. That’s nonsense. The mistake is not the bonuses. The mistake is not letting AIG fail. "
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