Sticking it to US.
Just when you think the Bush administration is the most incompetent, blundering bunch of fools along comes a story on how they were smart enough to bamboozle the Dems in Congress and stick it to the rest of the country.
Pressured by constituents who worried that companies would take government aid and continue to pay their executives eye-popping bonuses, Congress inserted a provision that would penalize companies who took taxpayer money and shelled out outsized bonuses.
But at the last minute, Bush officials insisted on a one-sentence provision that stopped the measure in its tracks, according to congressional aides who spoke to the Washington Post.
[snip]
“Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts” who spoke to Post reporter Amit Paley.
[snip]
“The flimsy executive-compensation restrictions in the original bill are now all but gone,” Sen. Charles Grassley, a Republican from Iowa and ranking member of the Senate Finance Committee, told Paley.
They can run the economy and the country into the ground and then make sure millionaire execs get their bonuses.
Tags: Chief
You can comment below, or link to this permanent URL from your own site.
