Republican Senator in Massachusetts?

[Nascar1966]

There should be no bailouts. Awful funny how these companies who got bailed out are giving out large bonus'. If sure it happened when Bush was in office.

[Riot]

Why did O'Dumbass give stimulus checks when we had to pay it back. Some form of stimulus.

Bush and Obama gave out loans, which have to be paid back, to companies. Not to citizens.

You haven't received a stimulus check from Obama, let alone one you have to pay back. You have received a payroll tax cut from Obama. Bush gave you a stimulus check, but you didn't have to pay it back.

Originally Posted by Nascar1966

There should be no bailouts. Awful funny how these companies who got bailed out are giving out large bonus'. If sure it happened when Bush was in office.

??? Bush did that - Bush enacted and gave the first corporate bailouts.

Now, the Dems have proposed a tax on those large bonuses (which was included in the original law, that there has to be some legal provision enacted to get the money back), but the Repubs are screaming against that tax.

[Danzig]

Originally Posted by Riot

Bush and Obama gave out loans, which have to be paid back, to companies. Not to citizens.

You haven't received a stimulus check from Obama, let alone one you have to pay back. You have received a payroll tax cut from Obama. Bush gave you a stimulus check, but you didn't have to pay it back.



??? Bush did that - Bush enacted and gave the first corporate bailouts.

Now, the Dems have proposed a tax on those large bonuses (which was included in the original law, that there has to be some legal provision enacted to get the money back), but the Repubs are screaming against that tax.

the first 'stimulus' a few years back from bush, turned out to be an advance on a tax credit. that's what i was referring to when i said it messed up my taxes.

as for the tax on banks obama suggested...it always sounds nice when they say the big, bad corps are going to have to pay out, but we all know who ends up paying the extra. companies aren't going to alter their bottom line, so any other fees they have to pay will get passed on to us, the consumer.

[Riot]

Originally Posted by Danzig

the first 'stimulus' a few years back from bush, turned out to be an advance on a tax credit. that's what i was referring to when i said it messed up my taxes.

as for the tax on banks obama suggested...it always sounds nice when they say the big, bad corps are going to have to pay out, but we all know who ends up paying the extra. companies aren't going to alter their bottom line, so any other fees they have to pay will get passed on to us, the consumer.

Ah, gotcha on the tax credit.

So you don't agree with taxing the bank bonuses as part of financial reform?

[Danzig]

Originally Posted by Riot

Ah, gotcha on the tax credit.

So you don't agree with taxing the bank bonuses as part of financial reform?

i'm not in favor of anything that will add to the taxpayers expense. they're trying to shut the barn door after the horse has been long gone. they should have gotten all this ironed out before handing over the money back when the banks came begging. if i thought the money would come from the ones they are trying to tax, i'd say go for it. but i just know that anything that adds to a businesses expense is going to get passed on to the customer.

[Riot]

Originally Posted by Danzig

i'm not in favor of anything that will add to the taxpayers expense. they're trying to shut the barn door after the horse has been long gone. they should have gotten all this ironed out before handing over the money back when the banks came begging. if i thought the money would come from the ones they are trying to tax, i'd say go for it. but i just know that anything that adds to a businesses expense is going to get passed on to the customer.

The legal agreement the banks signed (under Bush) said they have to pay back the money. The small details of the technical "how" were left blank.

So are you then against any attempts at financial reform of Wall Street? Because they could pass on costs to customers?

Were you against the Consumer Credit Card Protection laws that were just passed?

[Danzig]

Originally Posted by Riot

The legal agreement the banks signed (under Bush) said they have to pay back the money. The small details of the technical "how" were left blank.

So are you then against any attempts at financial reform of Wall Street? Because they could pass on costs to customers?

Were you against the Consumer Credit Card Protection laws that were just passed?

honestly, i thought the article i read about the fed making a lot of money on their 'investments' was how the bailout would be paid back.
if obama and co want to tax the dog mess out of any bonuses paid to execs, i'm all for it.
as for the credit card companies-i know people like the characterize them as evil incarnate, but most people who owe money to visa and mastercard owe that for a reason, namely lack of self-control. i don't see anyone crying the blues when the credit card companies have to write off hundreds of thousands, if not millions, in unpaid balances and losses due to customers declaring bankruptcy. i don't wish to owe, so i have no credit cards. i paid them off years ago, and cut them all up. can i afford to have them? yes. but i choose not to-and anyone can choose to do the same. i don't have a lot of sympathy for those who run up balances, and then are upset because they can't pay the balance down. imo, many folks bring their debt woes onto themselves because they want it, they want it now. but people like to blame others for their troubles, and want someone to bail them out. companies do it, banks do it, individuals do it. it's too bad.

[SOREHOOF]

Originally Posted by Riot

Ah, gotcha on the tax credit.

So you don't agree with taxing the bank bonuses as part of financial reform?

These Bank bonuses get the ever living crap taxed out of them here in N.Y. without the Feds even getting involved. The Feds get their cut out of that too, it is income. The State counts on the tax dollars from these bonuses to keep our entitlement driven State operating. The Wall Street slowdown hurts N.Y. more than it does other states. Just like the Govt. to paint someone as a bad guy when they get their piece of the action right off the top. I loved it when the oil companies were big villains over the price of gas when the Govt. was making more money off a gallon than the Oil companies were.