Here's the Readers Digest version

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

On Mar 19, 6:04*pm, Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.

I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. *Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



*These
bonuses were given with the full approval of the Senate, House, and
obama. *Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. *If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.


Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures. *

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?



Apparently the president and *people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

is that the type of de regulation you had in mind?

wf3h wrote:
On Mar 19, 6:04 pm, Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.

I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



These
bonuses were given with the full approval of the Senate, House, and
obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures.

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?


Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

is that the type of de regulation you had in mind?


I love the bit about "helping AIG return to a healthy company."

AIG need to be broken up into it constituent companies and sold off
piecemeal to other companies.

wf3h wrote:
On Mar 19, 6:04 pm, Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.

I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



These
bonuses were given with the full approval of the Senate, House, and
obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures.

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?

Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

Who is your employer?

Where do you buy your food?

Where do you buy your clothes?

Where do you buy your durable goods?

The free markets have a self correcting mechanism.

Government's only solution to problems is more regulation and taxation.

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

If we are playing the blame game, then you should be upset with Clinton.

is that the type of de regulation you had in mind?

Why should we keep propping up AIG and other private enterprises with
taxpayers money? Shouldn't we just let them go bankrupt? Or does the
fact that the Dodd and Frank would lose too much in campaign
contributions if that were to happen have any bearing on the decisions
by the legislative branch of government?

On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:


Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.


The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

"Over regulation?" I'd say it was more from deregulation. ;-)

thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:


Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.

We, the US tax payers could have saved 150 billion dollars if we had let
AIG go into bankruptcy last fall. But, Geithner and Paulson stepped and
and put forth the view that AIG was too big to save. Barney Frank and
Chris Dodd had to earn the political contributions they received from AIG.

The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

"Over regulation?" I'd say it was more from deregulation. ;-)

Deregulation works. I can pay the same for a plane ticket from
Washington DC to Miami as I did 30 years ago.

On Mar 21, 3:24*pm, BAR wrote:
thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:

Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. *I think it's on government life support until they
can safely pull the plug. *It was "too big to fail", it failed. *Do you
really want to see that monster on the loose again? *Break it up, and
sell the parts. *Let them start over.

We, the US tax payers could have saved 150 billion dollars if we had let
AIG go into bankruptcy last fall. But, Geithner and Paulson stepped and
and put forth the view that AIG was too big to save. Barney Frank and
Chris Dodd had to earn the political contributions they received from AIG..

uh...no. the first AIG bailout happened under president bush and
treasury secretary paulson. and john mccain was the 3rd greatest
recipient of money from AIG.

get your facts straight. the fact is, deregulation helped AIG get so
big that, if it failed, it would have destroyed the financial system
of the US.


The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

and since there is NO free market in the US, your grimm's fairy tale
view of the economy is touching. your mother read you milton friedman
at bedtime?

On Mar 21, 10:44*am, BAR wrote:
wf3h wrote:

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?

Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

i'm concerned with me and the financial health of the middle class.
the rich, who've screwed the middle class like we're $2 whores, don't
deserve ****.


Apparently the president and *people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

Who is your employer?

Where do you buy your food?

Where do you buy your clothes?

Where do you buy your durable goods?

The free markets have a self correcting mechanism.

what fairy tales have you been reading? where's your proof? where's
the mechanism? if this were true, we wouldn't have to bail out the
bankers and wall street managers because they're too big to fail

people like you are like the people on the titanic who drowned because
they insisted it was unsinkable.


Government's only solution to problems is more regulation and taxation.

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

OVER regulation? what regulations FORCED the amount of credit default
swap derivatives to balloon from $920 billion in 2000 to SIXTY TWO
TRILLION dollars in 2007?

go ahead...tell me what govt regulation caused this much greed.


we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

If we are playing the blame game, then you should be upset with Clinton.

goalpost shifting. where's your proof that 'free' markets exist or
that they're self correcting.

in addition, it was the free market fundamentalists like phil gramm
who forced congress to pass DE REGULATION....so you've failed to prove
your case.



is that the type of de regulation you had in mind?

Why should we keep propping up AIG and other private enterprises with
taxpayers money? Shouldn't we just let them go bankrupt? Or does the
fact that the Dodd and Frank would lose too much in campaign
contributions if that were to happen have any bearing on the decisions
by the legislative branch of government?-

which has what to do with the fact the free market failed. it was a
laboratory exercise in YOUR view of capitalism and it's damn near
wrecked the united states.

On Sat, 21 Mar 2009 12:38:21 -0700 (PDT), wf3h
wrote:

Obama lied, the economy died.

Amen.

On Mar 21, 3:48*pm, John H wrote:
On Sat, 21 Mar 2009 12:38:21 -0700 (PDT), wf3h
wrote:

Obama lied, the economy died.

Amen.

let's see....

bush was president for about 2800 days.

obama's been president for 60.

even you should be able to do the math.