Thursday, March 19, 2009

PRESIDENT OBAMA, IS THIS REALLY A NEW DAY OR REALLY TRULY BUSINESS AS USUAL? TRANSPARENCY? MIGHT WE HAVE SOME VASELINE TO GO WITH THAT?


"...Building on public outrage and presidential denunciations of executives at bailed out companies getting bonuses, Wyden and his Republican colleague, Sen. Olympia Snowe, crafted a provision in the stimulus bill that would have forced bailout recipients to cap their bonuses at $100,000 (any amount above that would be taxed at 35 percent).

According to Wyden, he "spent hours on the Senate floor," working to get the bipartisan amendment passed. He succeeded -- not a single Senator voted against the provision. "But," says Wyden, "it died in conference."

So who killed it? Wyden doesn't know.

Think about that for a second. We live in a country where one of the 100 most powerful people in government, the cosponsor of the amendment in question, has no clue how it got removed in the Senate-House conference committee -- or if it was taken out of the legislation even before it made it into conference.

And, so far, no one in the administration of a president who promised that transparency would be a "touchstone" of his presidency has demanded that whoever killed the provision step forward and own up to it..."

GO.READ

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.