The tag line for this nonsense is around $400 million in bonuses contracted by AIG to be paid to executives in their financial products division.
And Congress and the White House are outraged, outraged!
Never mind that it's a bunch of horse manure.
The White House has known all along that those bonuses are contractual obligations and was absolutely fine with it, until White House press Secretary Robert Gibbs got slapped around over the matter by a couple of reporters like the punk he is.Only when it came to public attention did it become showtime for the Dems in Congress, the president and all his lackeys.
Senator Chris Dodd, who received $103,100 from the good folks at AIG as their largest campaign donations recipient put special protections in the $787 billion stimulus bill for those executive bonuses allowing them to be paid out of the bail out funds. You want to tell me that Congress didn't know about these bonuses until now? Really, bubba?
And how about the White House? AIG picked its last $30 bil in taxpayer bailout funds
last Sunday. You think President Obama and Geithner weren't aware of this? Believe me, if they weren't they're even more clueless than I thought they were. And for the record, Obama was the second largest recipient of campaign donations from AIG, at a cool $101,332.
Even sillier is the nonsense put out by Senators Dodd and Reid about 'special taxes' on these executive's bonuses. I'd love to see them try. The US tax code specifically prohibits that kind of selective enforcement, and even if it didn't, the executives involved and AIG could sue and collect from the Feds since the bonuses were contractually mandated beforehand.
Reid, Dodd and President Obama know this as well as I do, and this selective outrage is just a little razzle dazzle to gin up the peasants and take the spotlight off the fact that one of their sleazy special interest deals got outed in public. It's by no means the only one.
As a matter of fact, I mentioned one yesterday, with a direct connection to the president. You won't see that little item making headlines, I promise you.
This is nothing less than a Chicago-style looting of the Federal treasury, pulled off by a bunch of political animals who have so little respect for the people they supposedly represent that they can't even be bothered to put on a decent act.
3 comments:
Senator Chris Dodd, who received $103,100 from the good folks at AIG as their largest campaign donations recipient put special protections in the $787 billion stimulus bill for those executive bonuses allowing them to be paid out of the bail out funds.
You know that's a Drudge Report lie, right?
Actually, it's from the non-partisan site Open Secrets. And even the WAPO acknowledges that Dodd received the money and that he specially exempted these bonuses. So did Obama. I haven't seen what Drudge did with it, but he usually just redacts these things.
And speaking of which..you're citing the George Soros funded Media Matters as an reliable source? Absolutely hilarious, but it explains a lot of your thinking.
Are you denying that Dodd exempted the AIG bonuses as part of that ridicupous bail out scam?
Either Geithner and Obama knew about this and let if go through, or they're a couple clueless idiots who didn't look at what was in the legislation they signed..take your pick.
Oh, and Cynic...here's another link on the campaign cash to Dodd and Obama from AIG...this time form those right wing crazies at ABC.
Seems like they spent most of it AFTER the September TARP bailout.
And while I have your attention..as a vet, how do you feel about Obama's plan to force wounded vets to use private insurance to pay for treating combat wounds instead of the VA, which they now get free of charge?
Tough when Hope n'Change hiots close to home, isn't it?
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