He said, she said and WTF

March 18, 2009


This AIG bailout/bonuses shit is getting into bizarro territory. First we have the president’s opinion:

President Barack Obama on Wednesday assailed AIG’s hefty executive bonuses as an “inappropriate use of taxpayer funds,” saying the government needed tools to prevent a situation like AIG’s from ever again posing a risk to the financial system.

And yet he signed the stimulus bill which explicitly protected AIG bonuses. Thank you, Miss Dodd:

In a dramatic reversal Wednesday, Sen. Chris Dodd, D-Conn., confessed to adding language to the stimulus bill last month that exempted all bonuses that bailed-out companies had promised to employees before Feb. 11, 2009.

Dodd told FOX News that Treasury officials forced him to make the change.

HUH? So when did the Treasury Department trump congress? Oh, yeah, I forgot…the first bailout bill (that BO supported).

And then we have this report about BO’s town hall meeting in CA (before his Leno appearence):

White House officials had expected questions about AIG, given the furor over the $165 million in bonuses given to officials at the company, which has received $180 billion in government aid. When the president mentioned the bonuses, many in the crowded booed. But not one person asked about the matter.

This is maddening. Congress writes bonus protections into the stimulus bill, the President signs it and then both go into total meltdown over these very same bonuses! And the reaction from the audience=crickets chirping.

Pay attention, bitches!


6 Responses to “He said, she said and WTF”

  1. superdave524 Says:

    Good to see you up and ranting, John. Yeah, frickin’ politicians. There’s no way that the whole lot of ’em didn’t know what was going on. Problem is, no one told the mass of people about it. The furor obviously caught the pols off guard, even though the provisions that led to the furor can’t have.

    Love the picture, too. ‘Zat Tom Petty?

  2. Quakerjono Says:

    “Miss” Dodd? Really? Well, Mary, not that I’m one to cast shade, but mmm girl, that “Dick” Cheney. What’s HER problem?

  3. John in IL Says:

    Problem is, no one told the mass of people about it.

    Kinda hard to do when the time between an 1,100 page bill is presented and passed is 19 hours. So much for transparency.

    (and the pic is the Mad Hatter)

    and lol Q (from now on I’m dropping the J)

  4. superdave524 Says:

    Legislators can’t read all those bills, which is where the lobbyists come in. Before the bills get to the Hill, different factions have already run their eyes over the different drafts. You ask your staff and the lobbyists you’ve trusted in the past what’s in the bill, and hope they haven’t left anything out. Usually the opposing factions and their lobbyists get the negative stuff to the press in time for the public to pressure the legislators. Guess no special interests were offended enough by the AIG bribes to get the word to the Press before the bill came up for a vote. No special interests were harmed in the making of this law (just people, is all).

  5. John in IL Says:

    Legislators can’t read all those bills

    That’s sad. But it is a problem we can fix.

  6. superdave524 Says:

    Not a bad idea. ‘Course, if you want to track a bill yourself, there are websites like This One to help you do it. Frankly, I’m a little disappointed in Common Cause and other public advocacy groups for not catching this one.

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