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Originally Posted by craigimass
Ask Paulson. He probably has some money left over from the 750 Billion that Bush and he decided to give away with no strings attached. I know he can help you somehow.....
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Yes, that was bad. I opposed that too. Of course, somehow the fact that Bush gave away 750 B is supposed to be a defense or a justification that Obama is looking to spend, what, 3.6 TRILLION! I love it how people gripe that Bush did something, then Obama does it even bigger and the answer is "Well Bush did it!" Wait, didn't congress vote to do it? Surely they had something to do with it... Which party controlled Congress for the past few years?
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Originally Posted by craigimass
The newer money actually comes with some strings attached, like getting it paid back, caps on CEO pay, some oversight, public ownership of the companies, etc.
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Yes, so the federal government is taking control of the biggest companies in the world, dictating who can get a bonus, who has to resign, how much people can be paid, and so on. Double points on this one. Obama and his cohorts get to bail out the big unions AND take over the economy at the same time! We all know how good government bureaucrats are at running the government, I just can't wait until they control my family's health care!
But, my favorite part thus far is the way they FORCED banks who didn't actually need or want TARP funds to take them anyhow, then a few months later decided that now they could enforce new and creative rules. Take a long time friend of mine who works at a large bank. They had to take the money. They may not give it back. Then, they were told that the CEO can't have his bonus. Bonus pool is slashed. My friend, who makes about $80k annually, looses a good chunk of her bonus, which is an ordinary part of her annual compensation. Okay, $80k annually is good money, but she is not exactly Bill Gates. She got the change she voted for.
Quote:
Originally Posted by craigimass
You don't sound like you want that. So it would be best for you to stay out or see if you can turn time back and get some of the original money before O and Tim and friends started asking for actual strings attached.
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True, maybe I can even avoid having people picket my house and making death threats against my family. The government gave money to some companies. Forced them to take it in some cases. They didn't make any rules on how it could be spent and, SUPRISE, they spent it how they wanted! Never saw that coming! Yet more evidence that government should stay out of business and the economy.
As for all this bonus nonsense, okay, people don't like it that bonuses were paid. I don't like it that money was doled out. Not even a little. But if the company is not going to go into bankruptcy, then they have a legal obligation to honor their contracts, and that means paying the bonuses. Just ask Chris Dodd, he was all for the bonuses. Or was he? maybe he was not? No, he was? Maybe he voted for it before he voted against it? Maybe we should ask him. Oh, wait, that won't work...
It was all just a diversion anyhow. What was it, $150 mil out of a few billion? The real issue is that we're moving very rapidly toward having the economy weighed down by fighting "global warming," replacing the world's best health care system with one that is mediocre and just generally enforcing "social justice" and making sure everything is fair. Maybe they can send send someone to fair may boat's keel. Hope and change people!