Sunday, March 22, 2009

Obama May Be About To Get One Thing Right

I'm surprised to see that on this ex post facto, unconstitutional AIG bonus tax issue, The Obama might understand that it's the wrong thing to do and not let it go forward:

Officials question strategy to tax bailout bonuses

WASHINGTON – The White House said Sunday that using tax law to pry bonuses from bailed-out company executives is "a dangerous way to go" and a Republican senator advised against Congress "grabbing its pitchforks and charging up the hill" in pursuit of the cash.

While acknowledging public outrage over $165 million in bonuses paid by a financial firm that had turned to taxpayers for aid, the administration's economic advisers said President Barack Obama wouldn't "govern out of anger"...

..."I think the president would be concerned that this bill may have some problems in going too far — the House bill may go too far in terms of some — some legal issues, constitutional validity, using the tax code to surgically punish a small group," Bernstein said. "That may be a dangerous way to go." [emphasis added]
So The Obama may get this one right.

On the other hand, maybe it's a token of mercy before he enacts his budget that will destroy the United States - why bother punishing a few execs when you're about to bring the entire nation crashing down anyway?


[Video HT: Right Mind]

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