Tag Archives: AIG

100% Ridiculous

From POLITICAL HOTSHEET at CBS NEWS:

Over the past several weeks, hundreds of Americans have submitted personal tales of economic hardship on the “Occupy Wall Street”-affiliated Tumblr “We are the 99 percent.” Now, conservatives who oppose the Wall Street protests have an answer to it in the form of their own Tumblr, entitled “We are the 53%.”

According to the Washington Post, the blog was conceptualized by Redstate.org founder Erick Erickson, who collaborated on it with the Texas Public Policy Foundation’s Josh Trevino and conservative filmmaker Mike Wilson.

The Tumblr claims to represent the 53 percent of Americans who pay federal income taxes – the implication being that those associated with “Occupy Wall Street” are not also part of that 53 percent and do not pay federal income taxes.

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The Company He Keeps

From THINK PROGRESS:

Major U.S. banks which instigated the financial crisis are set to pay out “record” bonuses and compensation — $145 billion by some estimates. State Sen. Scott Brown (R-MA), the Republican candidate running for the special U.S. Senate election next week, announced yesterday that he would oppose the recently announced financial crisis responsibility fee on large banks.

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(l to r:  Richard Gilder, Steve Forbes, Scott Brown, Dick Armey, Rudy Giuliani)

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Filed under humor, John McCain, movies, parody, politics, Republicans, Rudy Giuliani, Sarah Palin, Senate, snark, Wordpress Political Blogs

What an Operation!

From Ezra Klein at The Washington Post:

There’s been a lot of anxiety over leaks outlining the compromises being made in the Senate Finance Committee’s health-care plan. Among these compromises is a rejection of the public option and the absence of an employer mandate. Disappointing stuff. But, at this point, completely predictable.

Look at this picture. Study it. This is who is in the room helping Baucus put together his bill. Olympia Snowe, Mike Enzi, Chuck Grassley, Jeff Bingaman and Kent Conrad. In a Senate of 60 Democrats and 40 Republicans, the health-care reform bill is being written by three centrist Democrats, one centrist Republicans, and two conservative Republicans. And until last week, Orrin Hatch was in the room, too.


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(l to r:  Mike Enzi, Chuck Grassley, Max Baucus, Olympia Snowe)
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Filed under Barack Obama, Chuck Grassley, Congress, Democrats, Edward Kennedy, Harry Reid, humor, Olympia Snowe, Orrin Hatch, parody, politics, Republicans, Senate, Senate Finance Committee, snark, Wordpress Political Blogs

Glenn Dreck

From Time:

On March 23, Treasury Secretary Timothy Geithner unveiled the Obama Administration’s toxic-bank-assets plan. The stock markets cheered the news, sending the Dow up 497 points.

This meant one thing: it was time for Glenn Beck to break out the Jenga set.

The new populist superstar of Fox News has made a refrain of predicting that government policies are leading to disaster — dark, ruinous, blood-in-the-streets kind of disaster.


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Mixed Wingnuts

Hey kids! Have you heard? The Rethugs have a strategery! Nope, I’m not kidding! Don’t believe me? Well, maybe you’ll believe the guys at Politico:

Peril awaits any first-term lawmaker who ventures to the House floor unprepared for a duel, but Ohio Democrat Mary Jo Kilroy had a particularly rough go of it the other day.

Kilroy took the floor to support an amendment to a popular public-service bill — only to face an ambush from Rep. Virginia Foxx (R-N.C.), who hit her hard for her vote on an unrelated American International Group measure.

It wasn’t an accident.

Foxx is part of a team of Republican members that House Minority Whip Eric Cantor (R-Va.) has put together to create embarrassing, YouTube-worthy moments for vulnerable Democratic freshmen.


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(Pictured: Eric Cantor, Louie Gohmert, Jason Chaffetz, Virginia Foxx)
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Turds of a Feather Stick Together

From The Washington Post:

GOP May Be Stuck on Cohesion

On the House floor Thursday, Republicans registered their unanimous opposition to President Obama’s budget proposal. Led by Minority Leader John A. Boehner (Ohio) and Minority Whip Eric Cantor (Va.), the GOP adopted a simple and oft-repeated mantra: The Democrats’ fiscal blueprint “spends too much, borrows too much and taxes too much.”


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The Bonus Round

SAN FRANCISCO (MarketWatch) — Top Wall Street executives reacted harshly on Friday to proposed legislation that would punitively tax bonuses awarded to employees at firms receiving federal assistance.

Citigroup Inc. Chief Executive Vikram Pandit and Bank of America Corp. Chief Executive Ken Lewis issued strongly worded internal memos about the proposed tax legislation, according to the online edition of The Wall Street Journal, while J.P. Morgan Chase & Co. Chief Executive Jamie Dimon sought to reassure his top executives that the firm is engaging with lawmakers on the matter.
The legislation, passed by the House on Thursday, would impose a 90% tax on bonuses for employees making over $250,000 a year at companies receiving at least $5 billion in federal aid under the Troubled Asset Relief Program, or TARP.
Citi’s Pandit criticized the proposed legislation in a memo to employees on Friday, arguing that it could result in the firm losing top talent.


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