HAVE YOU THANKED A FOUNDING FATHER TODAY?:

House bonus bill is buried by the Senate (Alexander Bolton, 03/23/09, The Hill)

President Obama and Senate Democrats have buried a bill passed last week by the House that would have heavily taxed executive bonuses at bailed-out firms.

Despite the public outcry over $165 million in bonuses awarded at troubled insurer AIG, Senate Majority Leader Harry Reid (D-Nev.) showed little inclination Monday to bring the explosive issue to the floor this week or next. Instead, Reid is likely to delay action on executive compensation until late April, after the Senate returns from a two-week recess starting April 4.

Now that's intelligent design.

Posted by Orrin Judd at March 24, 2009 7:39 AM