My whole thing is where does government get off tell you how much you can earn or get for a bonus. We all see them doing it to the fat-cats and the grossly over paid in our eyes. That is just the first step. What happens when we the common folk start having the government tell us what we can and cannot make and earn. This is a slippery slop that they are entering and we are allowing in the name of fairness. I say government needs to keep their noses out of the private sector, for this little breach can turn in to total control and 1984 or Escape from LA or Demolition Man types of futures can be in stored for us.

We already know they started to carry guns because they worried for their safety. This is a good reason why.

I don't see how the US will be able to continue at this pace without some type of internal conflict between the classes.

It is because the government does not want this to go to court. The politicians got their sound bites and quotes but do not want the negative publicity when the Court tells them that they haven't got a leg to stand on.

Originally posted by bigvig316
My whole thing is where does government get off tell you how much you can earn or get for a bonus.

Bigvig
Under normal circumstances you would be right. However, this AIG situation is so hotly debated because we are dealing with tax payer dollars. If AIG did not take government money, we would not be having this conversation. That is the difference.

Originally posted by whoshotJR


I don't see how the US will be able to continue at this pace without some type of internal conflict between the classes.

The old saying goes, you are your own worst enemy. In this case the government is making the people there own worst enemy. If they did not take government hand out no one would care to much about the boniness. So if a class war starts, the chief reason will be because of government hand outs to the rich.

The problem with AIG is that the bonuses were not performance bonuses. These were contractual obligations to people who were necessary to aid in the restructuring of the company. These bonuses were included in the bailout agreement. It was only when the media got wind of it, that the Politicians started screaming bloody murder. As I said, they do not want this to go to court.

The idea that there are bonuses period for a job in which one recieves a slary is rediculous. You do your job and take your money this whole 'bonus' stuff is asinine. If you need a huge monetary incentive to do the job to the best of your ability then you shouldn't have the job in the first place. I can't stand this type of greed or even the fact that businesses have to offer bonuses in the first place. despicable.

Originally posted by thebulldog
The idea that there are bonuses period for a job in which one recieves a slary is rediculous. You do your job and take your money this whole 'bonus' stuff is asinine. If you need a huge monetary incentive to do the job to the best of your ability then you shouldn't have the job in the first place. I can't stand this type of greed or even the fact that businesses have to offer bonuses in the first place. despicable.

Bullsh*t. If I come up with an idea outside of my regular duties that saves my company money, I shouldn't be compensated for that? I just rebuilt a componant for a machine, because, the company who made it went out of business. A replacement for this machine would have cost $235,000 and six months down time. I got a $25,000 bonus for that. I didn't have to fix that machine.

If you want to gripe about bonuses for CEO's fine, but, aim your gripes at the right people. The Board of Directors had to authorize that bonus. They aparently thought it was worth it. Bitch at them.

Personally they should have let those companies go splat. Problem is that would have doomed their investors. Investors like the unions who have Obama in their back pocket.