I am a bit under the weather today, and will make this brief.  I will return to my long winded self tomorrow.

I personally am sick of the outrage emanating from congress over the bonuses. 

Bad enough how many of our elected leaders took donations from these companies, but now we find out that the exclusion of the bonuses was inserted by Dodd for Geitner.

So anyone saying this was a surprise is likely lying, including the president, though his people are lining up to protect him, as expected.

But now, now we see congress acting strongly and harshly by trying to pass a bill to tax the bonuses of these people at 90%.

First of all, if a million is bad, a $100k is still bad.  If the standards is that they should get none then make it none.

But the real problem, what scares me dry, is that congress is passing legislation to target private citizens from receiving money they were owed for completion of a legally binding contract.

This is a horrible abuse of power and frankly I expect litigation to stop it.

Yes yes, I agree that the bonuses are a slap in the face of common sense, but they were written as contractual bonuses long before any of this was happening, and while I think the individuals should give some or all back, I have to default to the law.

I hate the concept of congress turning vigilante. 

Ask yourself if this will be a precedent for them to come after you for something.

Are you scared?  You should be.

Let’s show them real outrage, and be outraged at how much money they are pumping into these lost causes, and long it will take to recover from this spend fest.

Trackposted to Rosemary’s Thoughts, Allie is Wired, third world county, Woman Honor Thyself, The World According to Carl, The Pink Flamingo, Democrat=Socialist, Conservative Cat, and Right Voices, thanks to Linkfest Haven Deluxe.