Posted on 03/17/2009 10:44:34 AM PDT by wrrock
From page H1412 of the Final Stimulus Bill, ``SEC. 111. EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE:
Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org — According to the Wall Street Journal, Sen. Dodd placed this section into the final stimulus bill, making him responsible, along with Obama, for AIG receiving these bonuses.
(Excerpt) Read more at butasforme.com ...
Fake outrage for an Obama diversion.
It is most obvious that neither Obama or anyone in Congress (except the people who wrote this bill) read any of it. Now Obama is trying to appease the public and act like he thinks this bonus thing of AIG is something that bothers him at all. If no one had mentioned it, Obama would not be out there talking against it. So just like everything else in his life, he didn't do his job!! As he said, (was it just last week or so?) he is too busy to worry about the financial matters of the U.S.
The roaring silence stands. (crickets)
why? they are entitled to the money. call senator dodd if you are unhappy about them getting their contractual bonus.
Of course this means that every Congress person who supported the bill and the President should stand up before the American public and apologize and then 1) resign and then 2) kill him or her self.
Yes he did with a complete understanding via Constitution of the separation of powers and at the same time performed the duties of CIC perfectly.
He was up front and honest.
Those day's are gone....
I heard Rush talking about this just a little while ago.
If this “gem” was hiding, or not really hiding, in last Fall’s bank bailout bill, imagine what kind of goodies are hiding in the Porkulus bill.
The truth is these executives should get their bonuses because there is a contract to give them the bonus, they cannot be taken away, due to the protection clause, and the stimulus protection,without legislative action, I.E.: another bill has to be passed overriding the protection.
If the government didn't want these people to get bonuses they shouldn't have given bailout money. The gov needs to get their face out of business, they are the problem, not AIG.
THIS IS A SET UP FOR HIGHER TAXES...”NEVER LET A GOOD CRISIS GO TO WASTE”
I can't believe Americans are this stupid to give Obama such a free pass.
There clarified it.
“If the government didn’t want these people to get bonuses they shouldn’t have given bailout money. The gov needs to get their face out of business, they are the problem, not AIG.”
Although I agree with most of what you said, far too many here are not holding AIG’s feet to the fire. They are as guilty as Congress.
Congress the “do-nothing-but-spend-and-destroy-liberty” hacks should give back their yearly pay raises.
Obama is now spouting his dislike for the AIG bonuses. Well, take a look at the article posted on FreeRepublic that appeared at http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/ !
Either Obama (and most of Congress) never read the stimulus bill in its entirity (which most have confessed anyway), or they knew this was in, and just hoped the public wouldn't find out or complain. THAT is the most likely story. So much for "transparency!"
Now Obama is pretending to care that some of our money handed to AIG will be used to pay these people a bonus - all a PR gimmick of course. But...he is caught between the rock and hard place on this. If he claims he didn't read this bill and didn't know what was specifically detailed, why not? If Pelosi and Reid didn't read it, why not? If they did know, then they are as guilty as AIG!
We are complaining that these AIG execs are getting our tax money for their bonuses. Well...why are Congress members and the Pres. getting paid with our money for jobs they are not doing? They are not reading bills that they pass or they are allowing our money to go for bonuses and then pretending not to have known. Either way, they are frauding the public.
It is time for more tea bags to be sent to Washington! This is a complete outrage.
Just when I’m convinced this administration’s decisions are right out of Alinsky/Lenin doctrine, they do something this stupid, whip lashing me back to flat out incompetence.
I understand where you're coming from but the government shouldn't be allowed to determine limits on executive compensation for a private sector company.
Furthermore, the actions of AIG were being regulated but, once again, a Federal agency let political capital trump the COnstitutional requirement to "Promote the General Welfare". See this article: Wall Street Journal
Thats some change I can live with!
There is the Campaign slogan for 2012! Change we can ALL live with!
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