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- #61
My take on this -- Dodd and indeed Obama himself could have told the American People from the beginning that a measly dime out of every $100 AIG got, was going to bonuses and employee retention, mainly to circumvent costly litigation. It's obvious now they knew this at the time, and now their false outrage isn't playing very well to the folks. It's a PR faux pas, and there isn't a Presidency in the history of our nation that hasn't had its share of them.
It all goes back to the promise of a new approach instead of the same old cronyism, this entire controversy could have been avoided simply by making this part of the deal public, front and center, right from the start.
But, that's hindsight.
according to Glen Beck,, what the dems are hiding with this faux outrage over the 165 million in bonus money is this;; 62 Billion was spent overseas,, and only 44 Billion was spent in the USA.. way to go anti American Democrats way to go.
The billions overseas is in fact correct - and of course makes the Democrats who are now threatening AIG with sanctions, or outright taking of money, to appear as even more empty posturing. That money is GONE.
This thing really has me upset. The current Obam Treasury Secretary helped form the orginal AIG bailout, seemingly knew of the bonuses coming, yet nothing was said and less was done about it. Chris Dodd adds a bonus protection clause into the recently passed stimulus package. (How is that allowed people - HOW?) And now he pretends outrage over those very bonuses he ensured protection of.
And then we have Obama - either he knew about these things and did nothing - or he did not know and is dangerously out of the loop regarding significant actions of his own political party - neither scenario is good nor acceptable...