Because the Obama administration didn't have the foresight to put stipulations or make sure there were no loopholes in the bailout plan that ensured that the money was not to be used for bonuses, they are levying a "bail out tax" on those who got bonuses? Really??? Back when Daschel's tax issues came out I wasn't sure if this administration was grandstanding or if they are woefully unprepared. Looks like woefully unprepared to me.

So the solution is to create a special tax to fix a problem that they created. Really? This seems like a dangerous precedent to set.



Edited by Vic (03/19/09 04:23 PM)