The awesome power of our Federal government.

WASHINGTON – Acting swiftly, the Democratic-led House approved a bill Thursday to slap punishing taxes on big employee bonuses at firms bailed out by taxpayers. The bill would impose a 90 percent tax on bonuses given to employees with family incomes above $250,000 at American International Group and other companies that have received at least $5 billion in government bailout money.
"We want our money back now for the taxpayers," House Speaker Nancy Pelosi said.

And all over the country, millions of taxpayers are clapping their hands in childish glee. "Yeaaaaah - they're jamming it to them! Hooray!" Dumbasses.

All this demonstrates is our Federal government wielding its power, and as it says in the Bible, you should be sore afraid.

Why? Because if they can do it to a giant corporation like AIG, what's to stop them from doing it to you? Nothing, which is why you should be afraid. Essentially, the government is reneging on a deal. They gave AIG the money and now they're telling them what to do with it.

The bill passed as controversy swirled around the disclosure that, while Democrats and Republicans were both railing about the AIG bonuses, Democrats were also responsible for removing a provision, originally contained in stimulus legislation, to ban such bonuses.
Senate Finance Committee Chairman Chris Dodd, (D-Conn.), said Wednesday his staff agreed to requests from the administration to delete the executive pay provision that would have applied retroactively to recipients of federal aid.

For those of us who would have voted to let AIG and the others go bankrupt, the government's actions further demonstrate the stupidity of giving them money. The bonuses that were paid out were contractual obligations that were recognized as one of the contingencies of the money being given to them. In other words, it was in writing and the government knew it. Only after public outrage over the bonus money did these nitwits decide to step in and "do the right thing."

You got what you asked for. Just hope that you don't get it someday yourself.

Dumbasses.