Taking 700B to give to executives bonuses.NM

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WASHINGTON -- The chief executive officer of failed insurance conglomerate AIG told lawmakers Wednesday that he has asked executives to give back at least half of their bonuses.

Edward Libby, chairman and CEO of the American International Group, said that some workers there already have volunteered to return the money.

http://www.foxnews.com/politics/2009/03/18/aig-chairman-faces-congressional-grilling-bonuses/

Two days ago on C-Span they seemed to congratulate the bigwigs of the financial companies who got BILLIONS in BONUSES. They ran down the list of those that were being questioned and how much they received. It's absolutely sickening. I had to turn it off.

The White House on Friday threw its support behind a plan to speed release of $25 billion in existing loans to the Big Three automakers but rejected a Democratic proposal to use money from a financial bailout to help the troubled industry.

The $700 billion financial rescue package was never intended to help automakers and shouldn't be now, White House spokeswoman Dana Perino told The Associated Press. But since Democratic leaders in Congress are pressing forward with a proposal to carve out a piece of its for the auto industry, she said the White House has decided to pursue a different approach: accelerating the availability of federal loans Congress first approved in September.

Those loans were approved to help automakers build more fuel-efficient vehicles and become more competitive companies in the global marketplace. The administration now supports allowing the loans to be released more quickly than the original legislation prescribed and to be used for more urgent purposes as the companies struggle to stay afloat.

"Democrats are choosing a path that would only lead to partisan gridlock," she said. "We are now actively calling on Congress to amend the loan program."

My boyfriend is drawing Workmans Compensation. They are wanting to settle his case. The "negotiation" amounts were at about $130,000 settlement last fall when he found out he had to have another surgery and they put him on hold. Now, they are negotiating again, but can only $75,000 because the company does not have funds to pay anymore. Guess who the company is -

but trying to get that money back which might be impossible. For the first time in my life, I agreed with Barney!!!

Gee, wonder if Barney is going to receive some of that payout and just trying to throw everyone off the track. After all, he, Pelosi, and Reid were the ones who put this stupid bailout together, and without thinking about it, either. Real smart on their part.

http://www.foxbusiness.com/story/markets/industries/finance/wall-street-bonuses-expects-come-season-despite-bailout/

Paying bonuses this year is likely to result in a lot of backlash from the average American. After all, even with bonuses down dramatically, they are still higher than the average American, who is losing his or her home, makes. Not to mention the government bailout of financial firms, which seems to change daily, is coming from taxpayer dollars. Concerns abound�rightly or wrongly--that some of the $700 billion bailout could go to pay bonuses this year.

to respond to my post in such a reasonable and adult manner. Keep up the good work! You must be so proud.

Well, h@ll........I suppose with this glorious reform package of Obama's, I should just go sit under a bridge, kiss my hard working years goodbye. Obama will kill this society. My husband has also worked his butt off since he was 12 years old and he definitely does not owe anyone his money. They can get off their butts and shovel dirt, dig ditches, work in a powder factory, haul hay, move furniture, dig sewages, whatever. WORK FOR A CHANGE! Live within their means. My husband did it. They wanna go to college, do like us, work your butt off and pay for your college education. Quit whining!!!

Even those families at the low end of the income bracket will be paying dearly in taxes, more than now, and they actually think they will be getting a break. Tax credits are NOT tax cuts.

You wanna see free money given to people who DO NOT pay taxes? If you don't contribute, don't expect anything else.

Difference in opinion is what makes horse races. I respect your opinion that the b/c is not authentic, I ask that you respect my opinion that it is.

Irregardless, I think the mayhem that would result in Obama not being inaugurated far outweighs his becoming president even IF his b/c should prove to be inaccurate. After all, we have the Congress to keep things in check although there is little comfort for me in THAT. I doubt the electoral college would dare defy the will of the people either and I would imagine all of them are a bucket full of crooks the same as all congress and other politicians.

I fear that Bush will find a reason to declare martial law and I will continue to fear that until he is OUT OF THERE. Would we really want to see that happen? Can you possibly imagine the bedlam at this 11th hour if we woke up and had no president elect? Please, I ask all of you who are trying to make this happen to stop and think what would be the result if you "win."

I did not want to see either Obama or McCain elected nor did I want to see Hillary elected or any of the other candidates. It's a fine kettle of fish we find ourselves in in any event.

And as a final note, I have no confidence in our crooky Supreme Court either. Look how THEY got in their positions.

Their thought is if he's voted in and goes to prison, they'll be able to hold a special election and put someone else in or something like that.

In fact, 2 years ago, they turned a whole mountain into windmills. Who has those jobs? The company that put them there. Their guys come from another state to maintain and repair them. No locals are employed by that company. Doesn't make sense but that's the way they do it.