Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > InsideHoops Main Basketball Forums > Off the Court Lounge

Off the Court Lounge Basketball fans talk about everything EXCEPT basketball here

Reply
 
Thread Tools
Old 03-18-2009, 11:49 AM   #31
Hawker
Repeal FATCA
 
Hawker's Avatar
 
Join Date: Jun 2006
Posts: 17,852
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by boozehound
sure, he helped bring dems to the bush admins plan. but again, why is he being singled out? Its faulty reasoning to blame him as a major instigator of the bailout. the blame lies with both the admin and congress at the time who pushed a terrible package through. Not one senator.

Then why did you say, "why is this going on Obama. He wasnt the one in charge."

So you blame it on bush first but now it's the congress and admin's fault.

Ya, ok. Stick with one story.
Hawker is offline   Reply With Quote
Old 03-18-2009, 11:50 AM   #32
PejaNowitzki
#1 Manute Bol Fan
 
PejaNowitzki's Avatar
 
Join Date: Jun 2006
Posts: 2,741
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by boozehound
sure, he helped bring dems to the bush admins plan. but again, why is he being singled out? Its faulty reasoning to blame him as a major instigator of the bailout. the blame lies with both the admin and congress at the time who pushed a terrible package through. Not one senator.


The blame lies with everyone who supported it. Without Obama, that plan was DOA. Also Obama has been president while the latest string of bailouts and corporate welfare have been passed. Now he's feigning phony outrage at the AIG bonuses when he knew about them all along.

http://www.google.com/hostednews/ap/...qCjXgD97040E00


Quote:
WASHINGTON (AP) ? Cue the outrage. For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn't until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back.

Why the sudden furor, just weeks after Barack Obama's team paid out $30 billion in additional aid to the company? So far, the administration has been unable to match its actions to Obama's tough rhetoric on executive compensation. And Congress has been unable or unwilling to restrict bonuses for bailout recipients, despite some lawmakers' repeated efforts to do so.

The situation has the White House and Treasury Secretary Timothy Geithner on the defensive. The administration was caught off guard Tuesday trying to explain why Geithner had waited until last Wednesday to call AIG chief executive Edward M. Liddy and demand that the bonus payments be restructured.

Neither Obama nor Geithner learned of the impending bonus payments until last week, senior administration officials told The Associated Press late Tuesday, speaking on condition of anonymity about internal discussions.

Publicly, the White House expressed confidence in Geithner ? but still made it clear he was the one responsible for how the matter was handled.

"I do know that Secretary Geithner last week engaged with the CEO of AIG to communicate what we thought were outrageous and unacceptable bonuses," White House spokesman Robert Gibbs said. Gibbs declined to provide a timeline that would show when members of the administration ? including the president and others at the White House ? became aware of the bonuses.

In an interview with The Associated Press, Obama's chief economic adviser Lawrence Summers said: "In the context of what we're doing, Secretary Geithner was notified, he has said, last week. As he reported to the rest of us, he moved aggressively and immediately, aggressively and immediately, to recoup whatever could be legally recouped. He recognized that you can't just abrogate contracts willy-nilly, but he moved to do what could be done."

The bonus problem wasn't new, as many lawmakers and administration officials knew only too well. AIG's plans to pay hundreds of millions of dollars were publicized last fall, when Congress started asking questions about expensive junkets the company had sponsored. A November SEC filing by the company details more than $469 million in "retention payments" to keep prized employees.

Back then, Rep. Elijah E. Cummings, D-Md., began pumping Liddy for information on the bonuses and pressing him to scale them back. "There was outrage brewing already," Cummings said. "I'm saying (to Liddy), 'Be a good citizen. ... Do something about this.' "

Around the same time, outside lawyers hired by the Federal Reserve started reviewing the bonuses as part of a broader look at retention and compensation plans, according to government officials who spoke on condition of anonymity. The outside attorneys examined the possibility of making changes to the company plans ? scaling them back, delaying them or rescinding them. They ultimately concluded that even if AIG's bonuses were withheld, the company would probably be sued successfully by its employees and be forced to pay them, the officials said.

In January, Reps. Joseph E. Crowley of New York and Paul E. Kanjorski of Pennsylvania wrote to the Federal Reserve and the Treasury Department pressing the administration to scrutinize AIG's bonus plans and take steps against excessive payments.

"I at that point realized that we were going to have a backlash with regard to these bonuses," Kanjorski said in an AP interview. In a meeting with Liddy later that month, he said he told the AIG chief that "all hell would break loose if we didn't find a way to inform the public ... and that we should take every step to put that information out there so we wouldn't have the shock."

Around the same time, Congress and Obama's team were passing up an opportunity to put in place strict laws to revoke bonuses from recipients of the $700 billion Wall Street bailout. In February, the Senate voted to add such a proposal to the economic recovery bill that cleared Congress, but in final closed-door talks on the measure, that provision was dropped in favor of limits that affect only future payments.

"There was a lot of lobbying against it and it died," said Sen. Ron Wyden, D-Ore., who proposed the measure with Republican Sen. Olympia J. Snowe of Maine. He said Obama's team is sending mixed messages on what will and won't be tolerated on bonuses, with the president coming out strongly against excessive Wall Street rewards but top officials not following through.

"The president goes out and says this is not acceptable, and then some backroom deal gets cut to let these things get paid out anyway," Wyden said. "They need to put this to bed once and for all."

Last Wednesday, an apparently tense conversation between Geithner and Liddy brought the matter to a head. Geithner had learned of the bonus payments the previous day, said a Treasury Department official familiar with the government's dealings with AIG.

Liddy, in a letter to Geithner on Saturday, referred to their "open and frank conversation" over the retention payments on March 11. "I admit that the conversation was a difficult one for me," Liddy wrote.

On Thursday, as Treasury lawyers scrambled to find a way to cancel the payments, Geithner informed the White House of the situation, and senior aides there relayed it to Obama, the administration officials said.

Meanwhile, the administration moved to get ahead of what was certain to be an embarrassing story.

Unprompted, officials leaked news of the bonuses to select reporters late Saturday afternoon, highlighting what Geithner had done to try to restrain the payments. The story quickly became fodder for the Sunday news talk shows.

Then on Monday, the president himself came out strongly on the issue, calling the payments "an outrage" and publicly directing his team to look for ways to cancel the payments.

Questioned repeatedly to explain this in light of the fact that the administration had already scoured its options and come up empty ? and that the bonuses had already gone out the door to their recipients ? Gibbs said that the president wanted his aides to make sure "to exhaust all legal remedies."

That's done little to quell the expressions of outrage that were blasting about by Tuesday.

"It's shocking," said Sen. Mitch McConnell, R-Ky., the minority leader, that "the administration would come to us now and act surprised."

Associated Press writers Ieva M. Augstums, Jeannine Aversa, Martin Crutsinger, Ben Feller, Jim Kuhnhenn and Jennifer Loven contributed to this report.
PejaNowitzki is offline   Reply With Quote
Old 03-18-2009, 11:51 AM   #33
iamgine
...
 
iamgine's Avatar
 
Join Date: Nov 2007
Posts: 13,112
Default Re: Obama tells military vets to pay for their own ****

There must be a reasonable explanation for this.
iamgine is offline   Reply With Quote
Old 03-18-2009, 11:53 AM   #34
Hawker
Repeal FATCA
 
Hawker's Avatar
 
Join Date: Jun 2006
Posts: 17,852
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by iamgine
There must be a reasonable explanation for this.

Just like there was for the Iraq War, the bailout, the patriot act etc. with Bush right?

But with Obama there "must be" a reasonable explanation JUST BECAUSE it's obama.

What a joke.
Hawker is offline   Reply With Quote
Old 03-18-2009, 11:54 AM   #35
PejaNowitzki
#1 Manute Bol Fan
 
PejaNowitzki's Avatar
 
Join Date: Jun 2006
Posts: 2,741
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by iamgine
There must be a reasonable explanation for this.


Yeah, after blowing through trillions of dollars of spending in less than 2 months and dropping billions on ridiculous pork projects, Obama has decided that he can "save" 300-450 million dollars by screwing over the nations military veterans.
PejaNowitzki is offline   Reply With Quote
Old 03-18-2009, 11:58 AM   #36
boozehound
An uglier Lamar Doom
 
boozehound's Avatar
 
Join Date: Sep 2006
Posts: 23,818
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by PejaNowitzki
I think that if you are willing to suit up for your country and put yourself in harm's danger, the least the nation owes you is to care for the injuries that you suffer while on duty. VA care does not provide limitless care, it provides care for those who were injured while on service or have service-connected disabilities. That's not big government, that's just common sense. The VA system itself is pretty ****ty, with a lot of wait times and what not, but for a lot of these guys, it is all they have.

I find it laughable that you would act like others are *******s for not googling links while you always post some **** ripped off some biased site without links so your thread wont get discredited immediately. Its poor taste, poor citizenship and plagiarizing to post these stories without a source.[/quote]


Yeah....CNN is a hell of a biased site.

[/quote]
then ****ing post the link. Im not gonna bother pasting your quote into google to see the source.


and actually, the VA has pretty comprehensive service that you clearly dont know about. It provides basic healthcare for life as well as some healthcare for family members. so, no its not just for service related injuries (though that is a primary focus). http://www.va.gov/healtheligibility/...rdBenefits.asp wow, an actual source from the va rather than stupid rambling based on opinion that is factually inaccurate. Sorry didnt post the link

Last edited by boozehound : 03-18-2009 at 12:10 PM.
boozehound is offline   Reply With Quote
Old 03-18-2009, 12:00 PM   #37
boozehound
An uglier Lamar Doom
 
boozehound's Avatar
 
Join Date: Sep 2006
Posts: 23,818
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by Hawker
Then why did you say, "why is this going on Obama. He wasnt the one in charge."

So you blame it on bush first but now it's the congress and admin's fault.

Ya, ok. Stick with one story.
hey moron, bush was the admin. god you are about what id expect from a petrol engineering student. no ability to evaulaute an arguement or reason critically.
boozehound is offline   Reply With Quote
Old 03-18-2009, 12:01 PM   #38
boozehound
An uglier Lamar Doom
 
boozehound's Avatar
 
Join Date: Sep 2006
Posts: 23,818
Default Re: Obama tells military vets to pay for their own ****

actually the subject is "Obama tells military vets to pay for their own ****". Nowhere in the OP does in mention the bailout.
boozehound is offline   Reply With Quote
Old 03-18-2009, 12:04 PM   #39
PejaNowitzki
#1 Manute Bol Fan
 
PejaNowitzki's Avatar
 
Join Date: Jun 2006
Posts: 2,741
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by boozehound
hey moron, bush was the admin. god you are about what id expect from a petrol engineering student. no ability to evaulaute an arguement or reason critically.




PejaNowitzki is offline   Reply With Quote
Old 03-18-2009, 12:05 PM   #40
boozehound
An uglier Lamar Doom
 
boozehound's Avatar
 
Join Date: Sep 2006
Posts: 23,818
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by PejaNowitzki
Yeah, after blowing through trillions of dollars of spending in less than 2 months and dropping billions on ridiculous pork projects, Obama has decided that he can "save" 300-450 million dollars by screwing over the nations military veterans.
could you please document this trillions in spending in his first two months? The stimulus is less than a trillion and has hardly been touched, well over half of the bailout was spent before he took office. so, how about some data?


For the record, since this has somehow turned into a bailout thread, I was fundamentally against it and still am. Hell, I signed multiple petitions to my congresspeople opposing it. Hawker, what did you do exactly? Oh right, nothing, except cry about it after the fact.
boozehound is offline   Reply With Quote
Old 03-18-2009, 12:05 PM   #41
PejaNowitzki
#1 Manute Bol Fan
 
PejaNowitzki's Avatar
 
Join Date: Jun 2006
Posts: 2,741
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by boozehound

so, no its not just for service related injuries (though that is a primary focus).


That was the only relevant part of your absolutely incoherent braindead attempt at rambling.
PejaNowitzki is offline   Reply With Quote
Old 03-18-2009, 12:07 PM   #42
boozehound
An uglier Lamar Doom
 
boozehound's Avatar
 
Join Date: Sep 2006
Posts: 23,818
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by Hawker
Then why did you say, "why is this going on Obama. He wasnt the one in charge."

So you blame it on bush first but now it's the congress and admin's fault.

Ya, ok. Stick with one story.
you have the logical skills of a 6th grader. read again. my point is simply that those who are blaming obama as the primary cause of the bailout are falsely representing the situation. sure, he gets some of the blame, but not much more than any other senator who voted for it.
boozehound is offline   Reply With Quote
Old 03-18-2009, 12:07 PM   #43
PejaNowitzki
#1 Manute Bol Fan
 
PejaNowitzki's Avatar
 
Join Date: Jun 2006
Posts: 2,741
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by boozehound
could you please document this trillions in spending in his first two months? The stimulus is less than a trillion and has hardly been touched, well over half of the bailout was spent before he took office. so, how about some data?


For the record, since this has somehow turned into a bailout thread, I was fundamentally against it and still am. Hell, I signed multiple petitions to my congresspeople opposing it. Hawker, what did you do exactly? Oh right, nothing, except cry about it after the fact.


The stimulus itself is over a trillion when you add the interest and the long-term projected cost increases. 3.27 trillion dollars is the actual amount and that doesn't include all the other ridiculous spending thrown in.

http://www.aim.org/on-target-blog/cb...3.27-trillion/
PejaNowitzki is offline   Reply With Quote
Old 03-18-2009, 12:08 PM   #44
Hawker
Repeal FATCA
 
Hawker's Avatar
 
Join Date: Jun 2006
Posts: 17,852
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by boozehound
hey moron, bush was the admin. god you are about what id expect from a petrol engineering student. no ability to evaulaute an arguement or reason critically.

No **** he's the admin.

I was pointing out that you said it was all on bush and now you're saying it's both congress and bush's faults.

I was only quoting what you said "congress and admin". Once again, you fail.

And that's a fact. Really nothing to do with "evaluating an argument."
Hawker is offline   Reply With Quote
Old 03-18-2009, 12:10 PM   #45
FinishHim!
I dunk on kids
 
FinishHim!'s Avatar
 
Join Date: Aug 2008
Posts: 1,801
Default Re: Obama tells military vets to pay for their own ****

Quote:
Originally Posted by Smokee
That didn't answer the question at all. AIG isn't the only bank receiving bailout money. Just look at the list: http://money.cnn.com/news/specials/s...t/bankbailout/
FinishHim! is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 06:17 AM.




NBA BASKETBALL FORUM KEY LINKS:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
Search Site

FOLLOW US
Twitter
Facebook
















Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy