“The vote by Congress to tax Wall Street bonuses out of existence was economic populism run amok. This was legislating by rage, fear, and panic.”
-New York Daily News Editorial
Yesterday was a dark day in the history of the U. S. Congress. Our Congress voted to write a law that would retro-actively attack a small group of private citizens. These are the very tactics our country fought against in the Revolutionary War. Our Founding Fathers specifically outlawed this behavior in the U. S. Constitution. The thugs in Congress have decided they don’t have to play by the rules of the Constitution (assuming any of them still know where to find it to read). Our Congress has ignored the example of Washington, Jefferson, and Adams, and instead have chosen the example of King George during the 1700’s. One Republican even joked that these employees should kill themselves. Every single Republican and Democrat that voted to tax AIG employees at 90% yesterday should be forced to leave in disgrace.
According to varying news accounts, AIG paid out some $165 million in bonuses to between 73 and 463 employees. Most stories report the 73 number; I have seen one that reported the 463 employees. Pelosi, Barney Frank, and Chris Dodd want these people burned at the stake in the public square. Why? Because they had a contract with AIG, and they were arrogant enough to believe their employer would honor it. The employees fulfilled their end of the bargain, and expected AIG to pay them for it. I don’t know how many of you go to work and give your employer the option of paying you. I expect to be paid when I go to work and I know Congress expects the taxpayer to pay them.
Pelosi and other Democrats have stoked popular anger to the point that AIG employees are receiving death threats. According to the International Herald Tribune, “The Connecticut Working Families party, which has support from organized labor, was planning a bus tour Saturday of A.I.G. executives’ homes, with a stop at the company’s Wilton office.” The Democratically controlled Congress and Senate, in conjunction with some Republicans, and with the approval of President Obama are trying to steal money from private citizens simply because they have stoked public opinion against these people. Our elected representatives should be ashamed of what they have done, and we as citizens should be embarrassed by their behavior. Should anything ill happen to these employees, the blood will be squarely on the hands of Pelosi, Frank, President Obama, and their partners in this, “…populism run amok.”


