Biden Adviser on Confiscatory AIG Tax: 'That May Be a Dangerous Way To Go'

Am I hearing this correctly? A Democrat arguing against a 100% tax rate?

Break out the flying pig.

Vice President Joe Biden's economic adviser warned Sunday that a congressional plan to tax American International Group Inc. executives' bonuses may go too far in using the tax code as a tool for retribution.

President Barack Obama has not said whether he would veto some version of a House-backed plan to heavily tax the $165 million in bonuses. Biden economist Jared Bernstein said it's important to look at what version of the proposal comes out of the Senate.

"I think the president would be concerned that this bill may have some problems in going too far — the House bill may go too far in terms of some — some legal issues, constitutional validity, using the tax code to surgically punish a small group," Bernstein said in a television interview. "That may be a dangerous way to go."

Legal issues? Constitutional validity?

When did that ever stop these people before?

HuffPoster Sends Love Note to 'President Obama'

Nothing like getting presumptious. Just keep tabs on this stuff, folks, so we can have a good laugh at their expense come November.

Memo to: The New President

Date: 1/21/2009

From: A Fan

Dear President Obama,

Congratulations! It's was a tough fight, but you did it. Your message of hope, change, and putting this country right with the rest of the world won the day. Some very deep Bush fatigue re: the war and the economy helped a lot too.

I know you're anxious to get to work, but let's take a minute to reflect on how this all came down, and why your message was so resonant. Let me also take you back to some words you spoke way before this election got started, words that I believe set the stage for your historic campaign.

Read the rest of this journalistic tongue bath if you feel the need to vomit.