Are We A Banana Republic?

By omb on Mar 21, 2009 in Congress, Constitution, Finance, Porkulus

One stupid bitch!

One stupid bitch!

Here’s a post from Powerline on Pelosi’s outrageous attempt to ‘claw back’ the bonuses paid to AIG employees through legislative action to tax a specific group of Americans.

I’m stupefied to find that some people are defending the constitutionality of Nancy Pelosi’s discriminatory, confiscatory and retroactive tax on people who receive bonus income from companies that got TARP money. I would have considered it a bright line rule that the government can’t identify a class of unpopular people and impose a special tax on them. What’s next? A 100% income tax on registered Republicans, retroactive to last year? If Pelosi’s bill passes muster, why not? (read the rest)

Why isn’t she trying to get Frank Raines and Jamie Gorelick to return the millions in bonuses that they were paid while managing(to fill their pockets and a bunch of other Democrats as well) at Fannie Mae?

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