>> Monday, April 06, 2009
I'm waiting but I haven't received an email from Senator Harkin detailing his "outrage" over the Fannie & Freddie bonuses that were handed out last Friday- when the media had other things to focus on. You know, like what outfit Michelle Obama was wearing or how to spin the Presidents continued bashing of America (I must say the NY Times did a pretty good job glossing over it...)
In case you missed it, Fannie Mae & Freddie Mac execs received bonuses in the area of $210 million dollars. I don't hear Barney Frank spouting his "give it back" mantra. Nor do I hear Senator Grassley saying these execs should "follow the Japanese example", though he, at least, has said it is an "insult to taxpayers" - I had to go to a UK newspaper, however, to find that information.
This is insulting:
In the letter, a copy of which was reviewed by The Wall Street Journal, Mr. Lockhart defends the bonuses as vital to retaining talent at the two companies, the main providers of funding for U.S. home mortgages. Fannie and Freddie, which reported combined losses of about $108 billion for 2008, are being propped up by capital infusions from the U.S. Treasury.So, people who worked for AIG and had NO involvement in the losses that led to the insurance company's downfall don't deserve their bonuses but we need to pay bonuses to "retain talent" for two federally funded companies that lost $108 billion last year?
I'm thinking we can do without that kind of "talent".
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Are your fed up yet? The Iowa branch of the 9-12 Project has a Tea Party on the west lawn of the Des Moines capitol building beginning at 2 pm on April 11. The info as I have it:
*April 11, 2009 Tea Party @ 2pm West Lawn on Finkbine St.
*Signs are not allowed to be on sticks (per the Iowa capitol request). BUT do bring signs to get our message out
*No smoking & no alcohol
*Pick up your own trash (please lets send out an extra powerful message by being responsible, remember the filth on the National mall after Inauguration...that was embarrassing!)
*We are working on a series of speakers and a special emcee for the event.
*We are working on finding a venue to gather after the protest to fellowship and yes to once again...TALK ABOUT PRINCIPLES and to fellowship.
*Get the word out!!! We want to get well over 1,000 Iowans to speak out! Remember, this is not about politics...this is about principles. Principles #9 The Government works for us...we do not work for them. And #7 I work hard for what I have. I will share it with who I want, when I want. The government cannot force me to be charitable.