Thursday, March 19, 2009

Senate Aide on AIG: "Out of Control"


I wrote about some of the claws that Blanche Lincoln and others clearly had for Public Enemy No. 1, AIG. Those guys and their bonuses were and are an affront to decency, says many or most or all.

Our very own Mike Ross led legislation to put these morons in their place, taxing them to the tune of 90 percent of their income through these bonuses, and many still think it's not enough.

Luckily, I've got a man on the scene.

My agent in Washington, who as I've explained, works for a high-ranking Senator and fills me in on the dirt, had this to say, which I found interesting:
This AIG thing has gotten way out of control here.

We are getting swarmed with people who despite hating AIG, don't want to the bill because they think it is ridiculous, because they are taxing them at a 90% clip. and only targeting specific companies and people.

It is to the point that it is endangering Dodd, and Republicans are loving it. He threw Obama under the bus by saying he put in the amendment that changed the rules of TARP at the behest of the White House.

Interesting point, no? People are worried about the specificity of the tax targeting specific people? It's completely backward, ridiculous, and wrong, but interesting nonetheless.

I think these people are a little crazy, but not nearly as crazy as the lack of oversight that went into the bailout and stimulus that got us here. How quickly could one physically read the 1,073 pages that "accidentally" included an specific exemption from such activities.

I don't know. There's a word that describes the mass hysteria that is going on. It rhymes with a vulgar conjugation of General Custer's last name and a duck. That's the most apt word I can think of, anyway.

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