DC Hypocrisy
The AIG bonus mess exposes the serious lack of oversight and responsibility that went into creating the bailouts and the stimulus package. Chris Dodd (D-CT) now says the amendment he sponsored to the stimulus package that protects bonuses at companies receiving bailouts was forced on him by the Treasury department.
Dodd...said it was because administration officials were afraid the government would face numerous lawsuits without the new language.Now tell me, why would a Congress and administration willing to create an ex post facto tax on contracted bonuses that they failed to discover when taking over the company be afraid of lawsuits when they already are showing a willingness to change the law to suit their desires?
All this as Obama confesses that "the buck stops" with him, but also admitted that, "nobody here was responsible for supervising AIG."
You know what, Mr. President - you own AIG now. We own AIG now. Put someone in charge of it. Otherwise don't be upset when things you don't like show up.
1 comments:
You are right, it's a big mess.
If you thought it couldn't get any worse than Bush. The dems are spending more and making mistakes of the grossest incompetence. Here is the latest
(quite shocking) of their trillion dollar blunders:
http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/
By the way the bonuses are not new. Obama is only getting mad because now the public knows. It was widely reported in January. Do a google search for 'AIG Said to Offer $1 Billion in Retention to Workers' and you will see time stamps from January.
Post a Comment