Friday, March 20, 2009

Why Congress Has Failed!

Last year AIG gave full disclosure on everything to do with their financial situation, including paying out contractual bonuses. Now I don't agree on giving a bonus if you're in the red, but it was in the contract. Bad business I guess. So congress rushes out a stimulus package without even reading it. They did not READ one page of it. Should I say it one more time. They passed a bill without even KNOWING WTF was in it.

So AIG gets their bonuses out. Sure, that should make us mad but congress knew about this stuff before hand and did not ensure the stimulus prohibited it. What should really make us not only mad, but scared is the fact they are now passing a law to go after this money and tax it. By 90%! Are you kidding me? The only reason it wasn't taxed 100% was they wanted to leave some left for the states to tax. They are basically saying we are taking your wealth retro-activley because we screwed up. Where do they draw the line with this? Can they down the road say so and so made too much therefore we are going to suddenly tax you retro-activley to make up for it?

The real root of the problem is the corruption in congress! They were elected to serve the people, not take our money to give to failing companies. It is pretty obvious that AIG has poor business practices. To gurantee a bonus even if the company is in the red is just riduculous for one thing. What other dumb things do they do? A company like this deserves to fail, not get bailed out by tax payers. This is how free market enterprise works. Those who practice sound business policies succeed, those who don't fail.

The new rumor is BO wants to create civil unrest so government can step in and take over. Question: What is claimed when society revolts? Answer: Martial Law.
Who enforces martial law? The military, thats who. Now, does BO really think the military is going to back him and his corrupt government, or the people they are sworn to protect? Maybe he should realize the military is sworn to protect America from all enemies, foreign and DOMESTIC! So far his actions are not very friendly to America, unless you are a corrupt fat cat politician that is.

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