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HelicopterOff Topics News & Politics › Larry Tribe: 90% AIG Tax Is Constitutional
03-22-2009 02:06 PM  8 years agoPost 21
kurtk

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Good point Tom. A congress with low (sometimes single digit) approval ratings should not have the best health care and retirement plans, as well as automatic raises.

Their "performance" with GSEs is a large part of the problem in the first place, yet they sit in judgment. Ridiculous!

Good article

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03-23-2009 09:20 AM  8 years agoPost 22
ch-47c

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They backed off.

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03-23-2009 12:57 PM  8 years agoPost 23
JohnLund

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The AIG tax plan passed through the House with popular support from Americans frustrated the company received $170 billion in bailout money to avoid collapse, yet found $165 million to pay executives as bonuses.
I wonder if you put it into prospective if people would have been so mad. Say if AIG had been loaned $170, would anyone have really cared if they had paid $1.65 in bonuses? Oh wait, not $1.65, $0.165.
Meanwhile, Sen. Judd Gregg, R-N.H., predicted Obama's ambitious $3.6 trillion budget, including massive spending to save the economy, would put the country into bankruptcy and would never pass Congress.
This guy is a complete moron. If you are already in debt, you don't go out and spend another few trillion. Wasn't there a show on TV with a guy that came to peoples houses that were in trouble because they didn't know how to spend money, and fixed their financiances? We need to send that dude to teh White House, maybe he can explain it to teh moron.

Ron's Heliproz South

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03-23-2009 07:18 PM  8 years agoPost 24
1stPlace

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Laurence Tribe argues that the proposed 90% tax on the bonuses paid out by AIG would pass constitutional muster under the Bills of Attainder and Ex Post Facto clauses Article I, Section 9; the Contract Clause of the Article I, Section 10; the Due Process Clause of the Fifth Amendment; and the Takings Clause of the Fifth Amendment.
Accept, he is ignoring Article I Sec. 9, Limits on Congress Par. 3

"No Bill of Attainder or ex post facto Law shall be passed."

He also completely ignores the 5th amendment

"No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury <snip> nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation."

Is this is what students learn at Harvard? Seems to me Community College would serve them better... Harvard is a disgrace.

Diejenigen, die nicht lernen aus den Fehlern der Vergangenheit bestimmt sind, zu wiederholen.

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03-23-2009 07:24 PM  8 years agoPost 25
JohnLund

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Shhh he works for the Obamanation, all he has to do is say it, and get it in print, that way the minions won't have to question it. People are so mad they don't even care if it is legal, or would set a precident in misuse of tax code to punish people, just like the sheeple didn't care about the powers given to the government in the "Patriot" Act.

Ron's Heliproz South

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03-23-2009 07:36 PM  8 years agoPost 26
1stPlace

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Larry Tribe describes Obama as "the best student I ever had."

Wow... What an ass kisser.

Diejenigen, die nicht lernen aus den Fehlern der Vergangenheit bestimmt sind, zu wiederholen.

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03-23-2009 07:40 PM  8 years agoPost 27
Dennis (RIP)

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I suspect what is going to happen is that since this bonus pay issue has passed the house and into the senate now waiting for debate and voting will probably die there as they work on other damaging legislation.

It's just to debatable an issue for those bumble heads to get into. Sooner of later the public anger over this issue will die down and these clowns know they can drop the issue and let it die.

Let's hope so.

Liberty once lost, is lost forever.

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03-23-2009 10:20 PM  8 years agoPost 28
ch-47c

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Larry Tribe describes Obama as "the best student I ever had."
That begs the question, who is next best and worst he ever had? Also, "I ever had", sounds kinky, doesn't he mean ever taught?

Harvard has lost its unique stature in the last few decades. It was the first university in the United States and many great Americans walked its halls and graduated. However; because of govt enforced requirements and quotas, the bar has been lowered and embreded families have ruined its more recent alumni.

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03-23-2009 10:32 PM  8 years agoPost 29
ch-47c

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san jose, ca

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I say we propose a bill for the same reason to tax every congressman and senators pay at the same rate for the same reasons!!!! what is good for the goose is good for the gander.
I whole-heartedly agree.

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03-23-2009 11:21 PM  8 years agoPost 30
baby uh1

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St. James, Mo.

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May have trouble getting the votes in congress for that!

Anything is possible if you don't know what you are talking about!

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03-23-2009 11:23 PM  8 years agoPost 31
Dennis (RIP)

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I say we propose a bill for the same reason to tax every congressman and senators pay at the same rate for the same reasons!!!! what is good for the goose is good for the gander.
Although we could get a lot agreement to that, its better to just vote them out.

Seems more realistic to reality.

Liberty once lost, is lost forever.

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03-25-2009 02:43 AM  8 years agoPost 32
ch-47c

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Although we could get a lot agreement to that, its better to just vote them out.

Seems more realistic to reality.
Of course it is, but I can't vote Feinstein, Boxer, or Pelosi out.

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03-25-2009 02:52 AM  8 years agoPost 33
Dennis (RIP)

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Of course it is, but I can't vote Feinstein, Boxer, or Pelosi out.
Thats one of the most serious problems we have.

Not sure what the solution to that is except to participate the best you can in those coming tea parties.

Liberty once lost, is lost forever.

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03-25-2009 05:34 AM  8 years agoPost 34
husky385

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Eugene

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Of course it is, but I can't vote Feinstein, Boxer, or Pelosi out
I'll do my best to get rid of them.
Kevin

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03-25-2009 09:11 AM  8 years agoPost 35
kurtk

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North Carolina

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One way to fix MANY of the problems with government corruption is to institute a single term limit. There is already sufficient staggering of the various bodies so that you would never have a complete set of newbies at one time.

People should go to Washington to serve, not to become career politicians. Congress should have no special retirement, health care, etc. They should be paid a very low wage, serve one term, and then go back to a real job. No ivory tower, completely out of touch, career politicians.

If there is no chance for re-election, use of tax-payer funds to buy votes for re-election instantly vanish. The only reason to go to Washington would be to really serve the best interests of the country and your constituents.

Of course, career politicians would never allow such a limit to be placed on themselves. But if you think about it, most of the stupid decisions are made by politicians trying to preserve their power and prolong their political careers.

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03-25-2009 09:06 PM  8 years agoPost 36
RonHill

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FLL, FL

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kurtk

One way to fix MANY of the problems with government corruption is to institute a single term limit.
I think two terms is a good number. Actually I think 8 years max which would be 1 1/2 terms for a senator and 4 for a rep. This would allow them to make choices and be able to be voted out, or voted back in if the country agrees with the choices they have made.

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HelicopterOff Topics News & Politics › Larry Tribe: 90% AIG Tax Is Constitutional
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