Comments on: Bailouts, Not Bonuses, are the Problem http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/ Tue, 14 Feb 2012 19:38:47 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Marshall Hill MI. http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-24506 Marshall Hill MI. Tue, 31 Mar 2009 11:31:43 +0000 http://www.foundry.org/?p=4172#comment-24506 Ask the Presidents Staff why they were allowed to get Bonuses and still join his Staff? Ask the Presidents Staff why they were allowed to get Bonuses and still join his Staff?

]]> By: Terry-Wichita,KS http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23235 Terry-Wichita,KS Tue, 24 Mar 2009 16:51:22 +0000 http://www.foundry.org/?p=4172#comment-23235 I just love how our media will cover a story of a bus load of ACORN protesters jealous that their government gimme's just can't allow for them to own a nice home in the burroughs,and that it actually involves hard work to get there! However the media cannot seem to cover Tea Party's of 3-4000 people across the country tired of seeing the country sink into the murky sewage of socialism. Are we becoming a bannana republic? Just curious! I just love how our media will cover a story of a bus load of ACORN protesters jealous that their government gimme's just can't allow for them to own a nice home in the burroughs,and that it actually involves hard work to get there! However the media cannot seem to cover Tea Party's of 3-4000 people across the country tired of seeing the country sink into the murky sewage of socialism. Are we becoming a bannana republic? Just curious!

]]> By: Jerome Zacny http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23197 Jerome Zacny Tue, 24 Mar 2009 12:45:31 +0000 http://www.foundry.org/?p=4172#comment-23197 One keeps hearing about Mr. Obama's brillance. On the surface, I don't see it. His not reading trillion dollar legislative commitments before signing them into law and his telling a public TV audience that he was shocked to find provisions in a bill that he just signed really removes a lot of the luster from that "brilliance". His bank rescue plan calling for a "public and private" investment in buying up toxic assets. Why would private sector investors want to participate in buying such impaired assets, knowing that if somehow they eventually made a profit, some in Congress would attempt to flay them alive, feigning outrage at any profits those investers might make? A question arises, based on a premise that perhaps puts all this in to perspective. What if the real objective is to put forth a banking rescue plan that is designed to fail from the start? Why? If the banking rescue plan fails Mr. Obama would be free to say, "We tried, now the only alternative left to us is to nationalize the banking system in the U.S.". At that time he, and his fellow socialists in Congress, would be in the position to deliver on at least one campaign promise -- the redistribution of wealth in this country. One could describe such a gambit as brilliant, or diabolical, depending on one's point of view. One keeps hearing about Mr. Obama's brillance. On the surface, I don't see it. His not reading trillion dollar legislative commitments before signing them into law and his telling a public TV audience that he was shocked to find provisions in a bill that he just signed really removes a lot of the luster from that "brilliance".

His bank rescue plan calling for a "public and private" investment in buying up toxic assets. Why would private sector investors want to participate in buying such impaired assets, knowing that if somehow they eventually made a profit, some in Congress would attempt to flay them alive, feigning outrage at any profits those investers might make?

A question arises, based on a premise that perhaps puts all this in to perspective. What if the real objective is to put forth a banking rescue plan that is designed to fail from the start? Why? If the banking rescue plan fails Mr. Obama would be free to say, "We tried, now the only alternative left to us is to nationalize the banking system in the U.S.". At that time he, and his fellow socialists in Congress, would be in the position to deliver on at least one campaign promise — the redistribution of wealth in this country.

One could describe such a gambit as brilliant, or

diabolical, depending on one's point of view.

]]> By: David A. White/ Alab http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23177 David A. White/ Alab Tue, 24 Mar 2009 11:37:23 +0000 http://www.foundry.org/?p=4172#comment-23177 The bonus money needs to stop, this is just legal theif. In the last twenty years, CEO pay has jumped from 25 times to 250 times employee pay. The US government agencies have gotten in on legal theft, they give the regular employee pennies while the top management collects thousands. No one needs or is worth millions of dollars a year for management in a company, sometimes badly, and being accountable to no one. The bonus money is only a status symbol. The bonus money needs to stop, this is just legal theif. In the last twenty years, CEO pay has jumped from 25 times to 250 times employee pay. The US government agencies have gotten in on legal theft, they give the regular employee pennies while the top management collects thousands. No one needs or is worth millions of dollars a year for management in a company, sometimes badly, and being accountable to no one. The bonus money is only a status symbol.

]]> By: Lynn B. DeSpain http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23135 Lynn B. DeSpain Tue, 24 Mar 2009 09:35:35 +0000 http://www.foundry.org/?p=4172#comment-23135 Two cures; Rid ourselves of NAFTA and Rid ourwevlse of the Clintonesque idea that '"even the poor should be able to own a home." That would bring back jobs, (don't care about the effect on other Countries, they have never come to our aid), and we would no longer have Presidential Edicts demanding that lending institutions who wish to keep their FDIC rting accept high risk loans and un proven wages. HOZRO Two cures; Rid ourselves of NAFTA and Rid ourwevlse of the Clintonesque idea that '"even the poor should be able to own a home."

That would bring back jobs, (don't care about the effect on other Countries, they have never come to our aid), and we would no longer have Presidential Edicts demanding that lending institutions who wish to keep their FDIC rting accept high risk loans and un proven wages.

HOZRO

]]> By: mike baker Dallas Ce http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23128 mike baker Dallas Ce Tue, 24 Mar 2009 09:21:32 +0000 http://www.foundry.org/?p=4172#comment-23128 I've heard too many Democrats get away with blaming everything on other entities. Now they're getting away with blaming the recent budget bill, that they didn't finish last year, on the former president. I think the AIG bonus issue was over-played but some good is sifting out of it. Barney Frank is embarassing his allies, Dodd is done, Obama is getting exposed and Congress is becoming a pariah. Never let a bad example go to waste. I've heard too many Democrats get away with blaming everything on other entities. Now they're getting away with blaming the recent budget bill, that they didn't finish last year, on the former president. I think the AIG bonus issue was over-played but some good is sifting out of it. Barney Frank is embarassing his allies, Dodd is done, Obama is getting exposed and Congress is becoming a pariah. Never let a bad example go to waste.

]]> By: Barb -mn http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23081 Barb -mn Mon, 23 Mar 2009 22:29:27 +0000 http://www.foundry.org/?p=4172#comment-23081 It has to stop. The President and his administration have been, are in and will continue to be in violation of the constitution. If it is nobody's job to do something about it then it is up to the people. We demand to see names, addresses and AMOUNTS RECEIVED by the government officials that accepted contributions from known struggling establishments such as AIG, FANNIE AND FREDDIE, ACORN etc. And we demand explanation as to why it is lawful these government officials accepted much amount of money furthering the companies' struggles to survive and highly unethical for any person to accept contributions from a tax paid program (fannie, freddie, acorn, etc). should not be allowed. That's preferentially endorsing with our money. It has to stop. The President and his administration have been, are in and will continue to be in violation of the constitution. If it is nobody's job to do something about it then it is up to the people.

We demand to see names, addresses and AMOUNTS RECEIVED by the government officials that accepted contributions from known struggling establishments such as AIG, FANNIE AND FREDDIE, ACORN etc. And we demand explanation as to why it is lawful these government officials accepted much amount of money furthering the companies' struggles to survive and highly unethical for any person to accept contributions from a tax paid program (fannie, freddie, acorn, etc). should not be allowed. That's preferentially endorsing with our money.

]]> By: Spiritof76, New Hamp http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23023 Spiritof76, New Hamp Mon, 23 Mar 2009 14:29:06 +0000 http://www.foundry.org/?p=4172#comment-23023 People, please wake up. The Fed. Reserve is monetizing the debt. Dollar is sinking to worthless status. China and other creditors are reluctant to buy US debt. We have exiled energy exploration and production. We have outsourced manufacturing mostly due to government's punishing regulations and taxation, government interference in labor-management dynamics and the flight of capital crowded out by the US debt. Every day there is a trillion dollar proposal, either bailout or welfare payment coming from the Obama Politburo. US does not have money for any of it. Payment of the huge debt can only be through worthless currency. Inflation rates will skyrocket shortly and to stop its explosion into hyperinflation territory, the interest rate will skyrocket. The economy will contract severely with double digit unemployment just like the ones we had during the Great Depression! So, Please tell me what difference does it make if the Washington criminals pass laws restricting executive compensation at all. We are losing sight of how our country is being forced into a "banana" republic. Capitalism is injured mortally. People, please wake up. The Fed. Reserve is monetizing the debt. Dollar is sinking to worthless status. China and other creditors are reluctant to buy US debt. We have exiled energy exploration and production. We have outsourced manufacturing mostly due to government's punishing regulations and taxation, government interference in labor-management dynamics and the flight of capital crowded out by the US debt. Every day there is a trillion dollar proposal, either bailout or welfare payment coming from the Obama Politburo. US does not have money for any of it. Payment of the huge debt can only be through worthless currency. Inflation rates will skyrocket shortly and to stop its explosion into hyperinflation territory, the interest rate will skyrocket. The economy will contract severely with double digit unemployment just like the ones we had during the Great Depression!

So, Please tell me what difference does it make if the Washington criminals pass laws restricting executive compensation at all. We are losing sight of how our country is being forced into a "banana" republic. Capitalism is injured mortally.

]]> By: Mike, Delaware http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23019 Mike, Delaware Mon, 23 Mar 2009 14:03:08 +0000 http://www.foundry.org/?p=4172#comment-23019 Don't you see what is going on. Obama will not save the economy until the "playing field is level" Everything he is doing is to create dependance on the his government. Americans yawned at 8 billion in earmarks then they screamed bloody murder at 168 million in bonuses. Why? Because they told you to. Wake up America and start thinking on your own. Here is a good starting point if you have children: research H.R. 1388, you'll be amazed at what's been happening since you took your eye off the ball. Don't you see what is going on. Obama will not save the economy until the "playing field is level" Everything he is doing is to create dependance on the his government. Americans yawned at 8 billion in earmarks then they screamed bloody murder at 168 million in bonuses. Why? Because they told you to. Wake up America and start thinking on your own. Here is a good starting point if you have children: research H.R. 1388, you'll be amazed at what's been happening since you took your eye off the ball.

]]> By: Franklin's Lock http://blog.heritage.org/2009/03/23/bailouts-not-bonuses-are-the-problem/#comment-23010 Franklin's Lock Mon, 23 Mar 2009 13:09:12 +0000 http://www.foundry.org/?p=4172#comment-23010 The attention these bonuses are just a way for the Dems to distract the MSM and the people from the real problem. First, the bailout were mismanaged and wasted. Second, they did not work. Lastly, that the whole fiasco is their fault. So, they are pulling some populist class warfare to try to distract us. Well…I hope it did not work. The problem is still that these bailouts were a bad idea and are not working. <a href="http://franklinslocke.blogspot.com/" rel="nofollow">http://franklinslocke.blogspot.com/</a> The attention these bonuses are just a way for the Dems to distract the MSM and the people from the real problem. First, the bailout were mismanaged and wasted. Second, they did not work. Lastly, that the whole fiasco is their fault. So, they are pulling some populist class warfare to try to distract us. Well…I hope it did not work. The problem is still that these bailouts were a bad idea and are not working.

http://franklinslocke.blogspot.com/

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