Thursday, March 19, 2009

Liar, Liar...

liar_liarAt the beginning of the week, Chris Dodd (D- Conn) claimed he didn't know anything about the provisions in the bailout that would allow the AIG Executives their bonuses. Yesterday, Dodd admitted that he not only knew about the provisions, but that he was also the one that put them in the bailout--hence the name "Dodd Amendment." News is now coming out that Treasury Secretary Tim Geithner may have also known of the bonuses as far back as Feb 28!

Now, Congress is considering a 90% tax on those bonuses in an attempt to make things right. What hogwash! I'm just as mad as the next guy that AIG received BILLIONS of dollars in bailout money, and then turned around and payed bonuses with it, but a retroactive tax isn't the way to go about fixing this mess. If Congress can do that (and it's questionable just how they could)...they can DANG SURE DO TO YOU TOO, BOYS AND GIRLS!

Oh and just to throw a little more fuel on the to guess who the two largest campaingn recipients of AIG's generosity were? CHRIS DODD and BARACK OBAMA! Nothing about this whole mess sounds shady to me...(***eyes rolling***)

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