Wednesday, March 18, 2009

Obama Responsible For AIG Bonus Debacle

Set aside your outrage over the actual bonuses for a second. If I didn’t hear you screaming and wailing over the millions in wasteful pork contained in the stimulus and omnibus packages then you have absolutely no right to complain about this comparatively miniscule amount of taxpayer money going to a few AIG employees. Chuck Schumer I’m looking in your direction

The real significance of this particular mess is that it’s the first Obama screw up where he won’t be able to get away with blaming George W. Bush. This is entirely on him.

Connecticut Democratic Senator and friend of Angelo Chris Dodd has now taken responsibility for adding the loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses. But only after lying about it the day before.

Dodd claimed that Treasury Secretary Tim Geithner ordered him to add the provision. We can’t be sure why, but it’s important to note that Obama and Dodd were the two biggest recipients of AIG contributions during the 2008 election cycle.
Angry yet?

This is why it’s so infuriating watching Obama feign indignation over the bonuses when all indicators point to the fact that he allowed them to go through in the first place. Now, maybe Obama was ignorant of the loophole. Maybe his anger is genuine. Perhaps, the language that allowed the AIG bonuses to occur, wouldn’t have gotten through had Obama actually READ THE STIMULUS BILL!!! Maybe someone would have caught it had he given Congress and the public TIME TO READ THE BILL!!!!

At this point Barack Obama has a lower approval rating than George W. Bush did at this point in his first term. It’s good to know that Americans are finally using their deductive reasoning abilities and waking up from the rhetoric induced coma of the last six months.

It’s a good thing that it happened now, before other Obama ideas were allowed to be put into place without debate. Such as his short lived plan to drop severely injured veterans from the public health care roles in order to free up cash for God knows what.

I wonder if Leno will ask him about that one tomorrow night?


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