Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Bush does it again. Do you think he purposely deceived us in order to once again protect the wealthy?

Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.

But at the last minute, the Bush administration insisted on a one-sentence change to the provision, congressional aides said. The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction, which was the way the Treasury Department had said it planned to use the money.

 
Anonymous

Asked by Anonymous at 9:06 AM on Dec. 15, 2008 in Politics & Current Events

This question is closed.
Answers (66)
  • yes take care of other countries while thousands of children are homeless and go to bed hungry right here on American soil.--- i so agree w/ this statement i think ppl that have alot of money don't realize just how in poverty our country actully is i belive we need to worry more about our counytrys problems and less about the rest of the world we need to quit being the problem sovers of the rest of the world and Quit being world police
    kim168

    Answer by kim168 at 10:47 AM on Dec. 15, 2008

  • Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives.

    "The flimsy executive-compensation restrictions in the original bill are now all but gone,"
    Anonymous

    Answer by Anonymous at 9:06 AM on Dec. 15, 2008

  • BUSH SUCKS HE'S THE REASON I CHANGED MY PARTY...LOL he lies about everything and i'm glad he's out the door soon...of course some dum person is going to have something to say about this i don't care he is the reason this country is all f#*ked up...
    kim168

    Answer by kim168 at 9:19 AM on Dec. 15, 2008

  • these are the results of BILL CLINTON.. (him allowing outrages loans that people couldn't afford!!!!) thats a HUGE reason why the economy is the way it is. and why there are SOOO MANY foreclosures. at least bush didn't have affairs in office. I think Bush was a great president. BUT that is JUST MY OPINION. Everyone is going to think something else so it doesn't really matter.
    krazyash023

    Answer by krazyash023 at 9:31 AM on Dec. 15, 2008

  • (that was to kim) but i don't really have anything to say about this just because i really don't know what happened with this once sentence change, i would have to look into it more than just what you posted in order to have my opinion. :)
    krazyash023

    Answer by krazyash023 at 9:33 AM on Dec. 15, 2008

  • krazyash023 this is NOT about Clinton this is about the bail out. at the last minute, the Bush administration insisted on a one-sentence change to the provision Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives.

    Anonymous

    Answer by Anonymous at 9:34 AM on Dec. 15, 2008

  • okay here is the link.. .. i answer before your 2nd ans.
    http://www.washingtonpost.com/wp-dyn/content/article/2008/12/14/AR2008121402670.html?wpisrc=newsletter
    Anonymous

    Answer by Anonymous at 9:35 AM on Dec. 15, 2008

  • Liberals, enjoy the last free days of complaining obout Bush. Pretty soon your guy will be making the bad decisions and we can all point and make comments about that. All politicians are nasty and have skeletons, your guy is NO DIFFERENT.
    Anonymous

    Answer by Anonymous at 9:40 AM on Dec. 15, 2008

  • "Liberals, enjoy the last free days of complaining obout Bush."

    Thank you, we will.
    Anonymous

    Answer by Anonymous at 9:42 AM on Dec. 15, 2008

  • Liberals, enjoy the last free days of complaining obout Bush... whatever he still made sure the wealthy were protected when he insisted on changing the words to allow for a huge loop hole. so what is your dumb point anyway?
    Anonymous

    Answer by Anonymous at 9:43 AM on Dec. 15, 2008

close Cafemom Join now to connect to other members! Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN