Skip Navigation
Marc Ambinder

Marc Ambinder - Marc Ambinder is the White House correspondent for National Journal and a contributing editor at The Atlantic. More

Marc Ambinder is the White House correspondent for National Journal. He previously served as the politics editor, and is now a contributing editor, for The Atlantic, where he curated the influential Politics channel on TheAtlantic.com and contributed to the magazine. He was also a chief political consultant to CBS News. Earlier, at NJ's Hotline, Ambinder was the founding editor of "Hotline On Call," a pathbreaking political news blog. He also worked as a producer and reporter for the ABC News Political Unit and was one of the founders of ABC's "The Note." Born in New York City, raised in Central Florida, Ambinder is a 2001 graduate of Harvard and lives in Washington, D.C.

Would Obama Sign The House Bonus Bill?

By Marc Ambinder
Mar 20 2009, 10:50 AM ET Comment

My informed guess is: no, he woud not. Though the President said last night that the vote "rightly reflects the outrage that so many feel over the lavish bonuses that AIG provided its employees at the expense of the taxpayers who have kept this failed company afloat," he said he looks forward to "receiving a final product that will serve as a strong signal to the executives who run these firms that such compensation will not be tolerated."  Hardly a ringing endorsement of the bill, which would levy a 90% additional tax on bonuses doled by companies who've been given more than $5 billion from the public till. The administration worries that the bill is unconstitutional, overly punitive in some ways and too narrowly targeted in others (why companies couldn't simply figure out a non-bonus way to make up for the compensation loss is not evident), and that it does not advance the larger goal of reform. The other side of the argument is that Congress is going to do what it wants to do, the White House will have no choice (given the politics) but to agree, and the sooner this legislation gets signed into law, the sooner Congress can get back to the business of the nation.



Presented by

More at The Atlantic

President Obama Is Ending Black America's 'Don't Ask, Don't Tell' Policy Obama May End Black America's 'Don't Ask, Don't Tell' Policy
Why Sacha Baron Cohen Is a Greater 'Dictator' Than Charlie Chaplin Sacha Baron Cohen Is the Greatest 'Dictator'
Eureka!: When a Blow to the Head Creates a Sudden Genius When a Blow to the Head Creates a Sudden Genius
8 Thoughts About Facebook's Post-IPO Future 8 Thoughts About Facebook's Post-IPO Future
'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave' 'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave'

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
Curing What Ails the Health Care System Reuters Curing What Ails the Health Care System
The third installment of America the Fixable—an Atlantic special report Read more ›

Just In

View All Correspondents

The Biggest Story in Photos

Scenes From Brazil

May 18, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

(sample)

(sample)

Marc Ambinder
from the Magazine

The Ally From Hell

Pakistan lies. It hosted Osama bin Laden (knowingly or not). Its government is barely functional.…