The Bailouts Are Devouring the Economy

Jared Polis
4/11/2009

America has a new national pastime, CEO hunting, that has driven the House floor into a frenzied free-for-all as members vie to one-up each other in placing blame and pointing fingers.

Frothing members are echoing frothing constituents, and all sides are demanding flesh.

. . . [W]e in the House passed a 90 percent tax on $160 million in bonuses that government-owned AIG paid to executives, including some of the very executives who caused it to fail. This week, the ax fell on GM’s CEO Rick Wagoner, as President Obama acted on his promise to boldly restructure the American auto industry.

The story continues …..

Advertisement