Republicans have been trying to exploit populist rage over the AIG bonuses and last week, 85 GOP House members even voted for the unconstitutional 90 percent tax on AIG bonuses, as well as those at other financial firms gaining Treasury money. So how does President Obama react? He says, I’ll see your efforts to recoup bonus payments to executives at companies accepting taxpayer money, and I’ll raise you by proposing that the federal government regulate all executive compensation, regardless of whether a company is receiving taxpayer money.
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