Tuesday, March 17, 2009

Chris Dodd and AIG

Democrat Senator Chris Dodd is furious. No, he is livid! He just can't believe the bonuses given to AIG executives after AIG took the bailout money.

That's interesting, since according to an article by Jim Meyers in today's NewsMax:
It was Dodd who inserted language known as the dodd amendment in the $787 billion stimulus bill that allowed all bonuses awarded before February 11, 2009 to be paid to AIG executives. That very amendment, which is now law, is now the chief hurdle to government officials who want to recover that money.
The article goes on to point out that "Dodd is the largest single recipient of 2008 campaign donations from AIG, with $103,100, according to the Center for Responsive Politics."

I'm not mad at the executives who took their bonuses. I'm mad at the politicians (almost entirely Democrats) who gave all our money to these corporations in the first place!

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