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Dodd: Administration pushed for language protecting bonuses (Dodd Throws Obama under The Bus)
CNN ^ | 3-18-09 | Ed Hornick Kristi Keck

Posted on 03/18/2009 5:56:04 PM PDT by icwhatudo

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.

---snip--

"I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."

(Excerpt) Read more at cnn.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 111th; aig; bho2009; bho44; circus; dodd; obama; obamabusbozo
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This story is now totally different from what the other breaking news item mentioned. Drudge needs to update as well.
1 posted on 03/18/2009 5:56:04 PM PDT by icwhatudo
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To: icwhatudo

How about the billions of taxpayer money that went to English, German, and French banks?

If he had an objective and duty-minded media, that would be the next bombshell to burst.


2 posted on 03/18/2009 5:57:50 PM PDT by wolf24 ("The ultimate result of shielding men from the effects of folly is to fill the world with fools")
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To: icwhatudo

I believe Dodd is in a world of hurt. I think heads will fall in the next few days.


3 posted on 03/18/2009 5:58:15 PM PDT by devane617 (Republicans first strategy should be taking over the MSM. Without it we are doomed.)
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To: icwhatudo

BTW-A writer at Huffington had this more important angle of the story hours ago. Sadly when I went to publish I learned FR does not allow it here.


4 posted on 03/18/2009 5:58:17 PM PDT by icwhatudo (The Dow is down over 5,000 points since democrats took back congress.)
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To: icwhatudo
We now go to the White House for reaction...


5 posted on 03/18/2009 5:58:47 PM PDT by VanDeKoik (Conservatives see untapped potential. Liberals see Tapped-out hopelessness.)
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To: VanDeKoik

I wonder how Obama feels to be the one under the bus now?


6 posted on 03/18/2009 5:59:16 PM PDT by icwhatudo (The Dow is down over 5,000 points since democrats took back congress.)
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To: icwhatudo

I hope he doesn't put a burning tire around my neck when he finds out

7 posted on 03/18/2009 6:00:36 PM PDT by Rome2000 (Peace is not an option)
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To: icwhatudo

So much for the promises of transparency and accountability.


8 posted on 03/18/2009 6:01:00 PM PDT by maggief
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To: icwhatudo

Zero will skate. He always does. We have a real pathological liar in the White House. God help us.


9 posted on 03/18/2009 6:01:31 PM PDT by originalbuckeye
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To: icwhatudo

Is everything that comes out of Obama’s mouth a lie?


10 posted on 03/18/2009 6:02:16 PM PDT by Rob the Ugly Dude
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To: Rob the Ugly Dude

You might ask Barry that question, but then he would either not get it or would just lie to you.


11 posted on 03/18/2009 6:03:49 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: MHGinTN

bttt


12 posted on 03/18/2009 6:04:40 PM PDT by ConservativeMan55
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But if he didn’t get it, David Axelrod would subsequently ‘splain’ it to him and he would call you back to explain it to you in minute ‘teleprompter cowboy’ style over the phone.


13 posted on 03/18/2009 6:04:55 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: icwhatudo

“administration officials were afraid the government would face numerous lawsuits without the new language.”

Law suits. That’s it! They’re scared of law suits by guys from AIG who will go to juries and tell them how innocent they are, please give us millions.

Joke.


14 posted on 03/18/2009 6:05:43 PM PDT by Shermy ("The whole world has financed the United States, ...they have a reciprocal debt with the planet.")
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To: devane617

“I think heads will fall in the next few days”

You mean you don’t think dodd would win in a “cage match” with 0? I’d kind of like to see “real ugly” between the two of them.


15 posted on 03/18/2009 6:05:44 PM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: icwhatudo

And these people want to manage my health care?!


16 posted on 03/18/2009 6:06:16 PM PDT by Bronzewound
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To: wolf24

This is going to end very badly for us poor tax payers, isn’t it?


17 posted on 03/18/2009 6:06:39 PM PDT by Volunteer (Though I know that the hypnotized never lie, do ya? - The Who)
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To: Rob the Ugly Dude
Is everything that comes out of Obama’s mouth a lie?

Everything but the carbon dioxide, and you know he will skate on his share of cap and trade.

Mr. niteowl77

18 posted on 03/18/2009 6:06:42 PM PDT by niteowl77 (You wanted him, and now you have got him. I say, "Good day to you," America.)
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To: originalbuckeye

I don’t think he’ll come out unscathed. Geither will be the scapegoat and take the fall, of course, but I think that Obama will take a significant hit in terms of public opinion...assuming the media covers it. Given the circumstances, it should be a major blow to his credibility among anyone with any shred of political objectivity.


19 posted on 03/18/2009 6:07:00 PM PDT by VOR78
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To: VanDeKoik

Can I just eat my waffles


20 posted on 03/18/2009 6:07:05 PM PDT by italianquaker ( Something stinks in DC, oh it is just B.O)
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To: icwhatudo

This pack of liars would be great entertainment if it wasn’t so freakin expensive. That bus must be jacked up on extra large tires to hold everybody that has been thrown under it.


21 posted on 03/18/2009 6:07:16 PM PDT by shankbear (Al-Qaeda grew while Monica blew)
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To: icwhatudo
It was just yesterday Obama claimed he only learned of it last week but it looks like Dodd reputed that one.
22 posted on 03/18/2009 6:09:24 PM PDT by tobyhill ("Hope and Change" is so overrated!)
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To: Volunteer

Well, let’s see...higher tax rates, universal health care, more unionization and the Fed is creating trillions of dollars out of thin air. What could go wrong?


23 posted on 03/18/2009 6:09:35 PM PDT by Rob the Ugly Dude
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To: icwhatudo; SumProVita; HardStarboard; BradyLS; Ernest_at_the_Beach; dervish; Twotone; ...

The List, ping


24 posted on 03/18/2009 6:13:09 PM PDT by Nachum (the complete list at www.nachumlist.com)
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To: icwhatudo

QUID PRO QUO! Put Dodd in jail. Gets the most campaign contributions from AIG of any politician, than changes the bill at the last minute to pay millions to his benefactors.


25 posted on 03/18/2009 6:15:49 PM PDT by grayhog
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To: icwhatudo

“writer at Huffington had this more important angle of the story hours ago. Sadly when I went to publish I learned FR does not allow it here.”

Post it on this thread or maybe as a vanity. without attribution.


26 posted on 03/18/2009 6:16:32 PM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir)
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To: icwhatudo

Rush is going to have a great time with all the sound bites. However I think by tomorrow morning everyone will have their new talking points and marching orders.


27 posted on 03/18/2009 6:18:06 PM PDT by Parley Baer
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To: italianquaker; potlatch; holdonnow; PhilDragoo; ntnychik; MeekOneGOP; Jeff Head; Travis McGee; ...


Can I just eat my waffles Wagya beef.....


28 posted on 03/18/2009 6:18:13 PM PDT by devolve (-- "... my Muslim faith....." ABC-TV --)
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To: icwhatudo

Link:

http://www.freerepublic.com/focus/f-news/2209550/posts


29 posted on 03/18/2009 6:18:32 PM PDT by jdfromny (At what point are we officially "North Americans"?)
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To: devane617

Dodd did it because he’s a wimp and does what he is told. That’s what he said.


30 posted on 03/18/2009 6:22:31 PM PDT by Terry Mross (I Hate All Politicians, Republicans Included.)
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To: devane617
I think heads will fall in the next few days.

You'd better be right. That is to say, I hope you're right. But I doubt it.

31 posted on 03/18/2009 6:22:57 PM PDT by Bloody Sam Roberts (Despite all my rage, I am still just a rat in a cage...)
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To: icwhatudo; wolf24; devane617; VanDeKoik; Rome2000; maggief; originalbuckeye; Rob the Ugly Dude; ...

“On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at bailed-out insurance giant AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.

He said Wednesday that the “grandfather clause” language “seemed like innocent modifications” at the time.

“I agreed reluctantly,” Dodd said. “I was changing the amendment because others were insistent.”

Dodd said he did not speak to high-ranking administration officials and the change came after his staff spoke with staffers from Treasury.

The White House did not immediately respond to CNN’s request for comment.”

_________________________________________________________________________________

So now Dodd does a 180 from yesterday: Obama made me do it.

I was looking over the CT newspapers and reader comments and they are mad as hell. Looks like a heretofore loyal capo is refusing to fall on his sword.

It should have occurred to me earlier that widespread rebellion was hardly necessary to derail the Obama machine. Just the fracturing of his congressional majority. Too many dem congresscritters are beginning to develop second thoughts about being joined to the Messiah.

Look for more apostles to start denying him.

Part of the problem is that this cock-up is too big, too fast-moving and too confusing for the MSM to sit on or control the story.


32 posted on 03/18/2009 6:23:27 PM PDT by sinanju
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To: icwhatudo
Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Whoa! Telebama isn't going to like this!

33 posted on 03/18/2009 6:23:33 PM PDT by Col Freeper (FR is a smorgasbord of Conservative thoughts and ideas - dig in and enjoy it to its fullest!)
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To: Rob the Ugly Dude

“Is everything that comes out of Obama’s mouth a lie?”

Only anything related to politics/policy. On everything else his 100% honest.


34 posted on 03/18/2009 6:24:31 PM PDT by romanesq
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To: tobyhill

O says it doesn’t matter how it happened and the media will accept that explanation.


35 posted on 03/18/2009 6:24:37 PM PDT by Terry Mross (I Hate All Politicians, Republicans Included.)
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To: originalbuckeye

I’m finding it funny how Clinton and Obama, easily two of “the smartest people in the world,” can say they didn’t know something and everyone believes it.

Meanwhile Bush, “the dumbest guy ever,” was supposed to know every bit of minutiae (sp?) of everything that happened.


36 posted on 03/18/2009 6:25:28 PM PDT by perez24 (Dirty deeds, done dirt cheap.)
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To: devane617

POST #3, I for one can hardley weight


37 posted on 03/18/2009 6:26:10 PM PDT by peace with honor
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To: sinanju

‘the administration’

“because others were insistent.”

Still some wriggle room. O-bozo not named directly.


38 posted on 03/18/2009 6:26:56 PM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir)
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To: Col Freeper
Feeding frenzy!

Check out the new AP headline:

Dodd: Administration sought bonus limit revision Posted here

39 posted on 03/18/2009 6:27:35 PM PDT by icwhatudo (The Dow is down over 5,000 points since democrats took back congress.)
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To: icwhatudo

let’s hope the GOP get the most mileage out of this....


40 posted on 03/18/2009 6:31:20 PM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: icwhatudo; All
I need a shower now. Intersting variation alright. Little timmy next under the bus?

"The Treasury Department demanded that Sen. Chris Dodd insert exemptions into the stimulus bill that allowed bailout recipients to receive bonuses, the Connecticut Democrat said on Wednesday.

According to Dodd, officials at Treasury expressed concern that if the government were to prohibit payouts, it risked being sued by companies like AIG, which had contracts stipulating that bonuses were to be paid.

At the urging of Treasury officials, Dodd modified a clause he had previously inserted into the stimulus that prohibited bonuses from being issued by bailed-out companies. An exemption was added to allow bonuses that applied to in-place contracts.

"The alternative was, in my view, losing the entire section on executive excessive compensation," he said. "Given the choice ... I agreed to a modification in the legislation, reluctantly. I wasn't negotiating with myself. I wasn't changing my own amendment. I was changing the amendment because others were insisting on it."

"I would have preferred that we kept my language, as it left the Senate unanimously," Dodd added. "In fact there were objections when I wrote the language even before it left the Senate. ... The administration expressed reservations with the amendment. They came to us and asked for modifications in the amendment. The alternative was, of course, losing the amendment entirely, which was a possibility. I didn't want to see that happen. I suspect we would be having a conversation tonight why we didn't include some language in here to deal with bonuses, golden parachutes and the like. ... I don't believe anyone had any idea, I certainly didn't, that a month and a half later from February we would be talking about AIG and the bonuses they are receiving for their retentions, these $165 million. So that was never a part of the consideration."

The disclosure should put to rest one aspect of the debate over how a company like AIG, which has received $170 billion in taxpayer funds, was allowed to dole out $165 million in bonus payments. Still unresolved is who in conference removed the amendment introduced by Sens. Wyden and Snowe that would have taxed bonuses exceeding $100,000 at 35 percent.

41 posted on 03/18/2009 6:34:43 PM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir)
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To: sinanju

#41 also.


42 posted on 03/18/2009 6:37:07 PM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir)
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To: icwhatudo
Dodd yesterday told CNN and other news agency he had nothing whatever to do with putting the language permitting these bonuses to AIG until this February 2009. He vigorously denied any knowledge of any such change to his amendment that would have barred it absolutely. Today he comes on CNN and admits that he was in error, not only did he know that the change was made but approved same. He said it was done at the behest of the administration although he would not identify who in the administration pressed for the change. Dodd is not only a first class liar but he is an insufferable, arrogant, demagogue.
43 posted on 03/18/2009 6:39:25 PM PDT by brydic1
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To: icwhatudo

oh bwwwahahahaahahahhhhahaa

“I agreed reluctantly . . .”

OH BWWWAHAHAHAHAHA HHHHAAHAHAHAHA


44 posted on 03/18/2009 6:40:55 PM PDT by fightinJAG (Good riddance, UAW.)
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To: icwhatudo

This is like watching an episode of “The Keystone Cops”.


45 posted on 03/18/2009 6:45:33 PM PDT by Mad_Tom_Rackham (The inmates are now officially running the asylum.)
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To: Volunteer
This is going to end very badly for us poor tax payers, isn’t it?

It sure doesn't look good. At the very least, we can hope to observe these cockroaches go down during our slide...

46 posted on 03/18/2009 6:48:31 PM PDT by wolf24 ("The ultimate result of shielding men from the effects of folly is to fill the world with fools")
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To: Rome2000

Caption...

“Ihn ze olt dahyz..........”


47 posted on 03/18/2009 6:49:10 PM PDT by MindBender26 (The Hellfire Missile is one of the wonderful ways God shows us he loves American Soldiers & Marines)
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To: devane617

"The bus is waiting right outside, Chris..."

48 posted on 03/18/2009 6:50:13 PM PDT by Mad_Tom_Rackham (The inmates are now officially running the asylum.)
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To: Rome2000
ooooh...

--- or ---

You sumbitch better not hang me out to dry, you rat fink!

49 posted on 03/18/2009 6:50:59 PM PDT by TeleStraightShooter (Barack Hugo Obama - has he ever criticized Hugo Chavez?)
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To: fightinJAG

Dodd said “Hold muh beer”...


50 posted on 03/18/2009 6:52:04 PM PDT by bigheadfred (Negromancer !!! RUN for your lives !!!)
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