Today in the economy

[killersheep]

#1 the bonuses AIG paid out were less than what Merrill Lynch paid out earlier #2 The amount paid out was less than 1/10 of 1% of the bailout money.

This bonus mess is just a red herring....and Chris Dodd (DEMOCRAT) and Tim Geithner (DEMOCRAT) put it in the Omnibus bill that companies that were bailed out could keep giving bonuses. Calling in the GOVERNMENT APPOINTED CEO of AIG and berating him infront of Congress wasn't too smooth either.

I don't like the bonuses as they are in poor taste but people screaming for them to just seize those bonuses scare me....I don't want the government to get the idea that they can just take shit that people own not for taxation but "just because"


As always the Democrats talk a good game for the people but they NEVER deliver anything but higher taxes which they don't even fucking pay

Lyle, why are you defending AIG's actions?
Why are you blaming Democrats for AIG's actions?
Since we've seen two weeks of positive gains in the market does that mean the market is reacting positively to Obama's actions or do you only hold that view when the markets decline?
Furthermore, why are you forwarding a political agenda in a case of free markets misallocating funds?

[El Kabong]

I am not defending what they did, I am defending their right to do that if they so choose. It's not the government's place to say anything about bonuses....AIG is a scapegoat, if they really cared about where the money went #1 Everyone would have been up in arms over Merrill Lynch's bonuses and #2 CONGRESS PUT IT IN THE BILL (Democrat Chris Dodd and Tim Geithner specifically) THAT AIG COULD GIVE BONUSES......in the immortal words of Former DC mayor Marion Berry "Bitch set me up!"

I just want the government to ease up a bit...all companies aren't evil corporations looking to screw over the populus and if they were then what better role model do they have to look up to than the US Government?

[killersheep]

I am not defending what they did, I am defending their right to do that if they so choose. It's not the government's place to say anything about bonuses....AIG is a scapegoat, if they really cared about where the money went #1 Everyone would have been up in arms over Merrill Lynch's bonuses and #2 CONGRESS PUT IT IN THE BILL (Democrat Chris Dodd and Tim Geithner specifically) THAT AIG COULD GIVE BONUSES......in the immortal words of Former DC mayor Marion Berry "Bitch set me up!"

I just want the government to ease up a bit...all companies aren't evil corporations looking to screw over the populus and if they were then what better role model do they have to look up to than the US Government?

Lyle you are defending what they did, those were not profits that their company earned. I notice that you are using the Fox buzzword Omnibus bill, please show something like a direct link to the verbage that states the money could be used for bonuses. What Merrill Lynch did was no better and you have a perfect right to be up in arms about that as well.
Link to the bill's verbage please.

[El Kabong]

killersheep #1 don't tell me what I mean when I post it. I don't think handing out bonuses to people who did a piss poor job is good business and during this time it is not proper to do, but let's spread blame where it's due, if AIG is at fault for their bonuses then Merrill Lynch also deserves blame for their bonuses, and I am sure we can find spending issues with any company that got a bail out.

What I do have a problem with is the government saying they will take something from people who (whether or not they earned it) have a legal contract with a company to earn a living.....it is not the government's place. And I also find it ridiculous that the motherfuckers who voted on the goddamn bill either didn't read the bill OR knew that this was in the bill and didn't say anything. Also I find it humorous that a bunch of people who don't pay their taxes are browbeating Wall Street...."Hey Kettle! You are black!" - Pot

I use the word Omnibus to describe the bill because that's what the bill is called.
http://www.youtube.com/watch?v=6o32LMlxH6I

....oh that's MSNBC the Democrat National Broadcasting Station and did they just say "Omnibus"?!?!?! Shocking

[El Kabong]

The people in power aren't helping the people who are hurting, they are only giving those hurting people companies to be angry with....Obama hasn't done a God damn thing except stir up some class envy and that doesn't benefit anyone but Obama

[killersheep]

The people in power aren't helping the people who are hurting, they are only giving those hurting people companies to be angry with....Obama hasn't done a God damn thing except stir up some class envy and that doesn't benefit anyone but Obama

[/rant]

is this because of UNC?

[Kirkland Laing]

The people in power aren't helping the people who are hurting, they are only giving those hurting people companies to be angry with....Obama hasn't done a God damn thing except stir up some class envy and that doesn't benefit anyone but Obama

The people stirring up anger over the bonuses are Republicans, some in the media. Obama would rather not discuss them at all.

[killersheep]

3/23/09

USA - Existing Home Sales

Actual4.72M|Forecast4.45M|Previous4.49M

Pretty straightforward sales of existing homes in the US, this was for the month of February, much higher than anticipated. Also, worth noting, unemployment claims in the US were down in February from 654K to 646K. Unemployment, may be scewed because, people may have run out of unemployment benefits or given up.

[El Kabong]

The people stirring up anger over the bonuses are Republicans, some in the media. Obama would rather not discuss them at all.

I haven't heard Republicans stir up anger over this....maybe some very moderate Republicans have big issues with the bonuses but no hardcore Conservative does.


"The GOP were for paying bonuses before they were against paying them."

That argument didn't work for John Kerry and it doesn't work for you.



And yes I watched enough of the video to see that MSNBC a faaaaaar left wing station used the term "Omnibus"

[killersheep]

killersheep #1 don't tell me what I mean when I post it. I don't think handing out bonuses to people who did a piss poor job is good business and during this time it is not proper to do, but let's spread blame where it's due, if AIG is at fault for their bonuses then Merrill Lynch also deserves blame for their bonuses, and I am sure we can find spending issues with any company that got a bail out.

What I do have a problem with is the government saying they will take something from people who (whether or not they earned it) have a legal contract with a company to earn a living.....it is not the government's place. And I also find it ridiculous that the motherfuckers who voted on the goddamn bill either didn't read the bill OR knew that this was in the bill and didn't say anything. Also I find it humorous that a bunch of people who don't pay their taxes are browbeating Wall Street...."Hey Kettle! You are black!" - Pot

I use the word Omnibus to describe the bill because that's what the bill is called.
http://www.youtube.com/watch?v=6o32LMlxH6I

....oh that's MSNBC the Democrat National Broadcasting Station and did they just say "Omnibus"?!?!?! Shocking

Just out of curiousity did you watch the video you posted?