Wednesday, March 25, 2009
The Captain(s) of the ship
From the RNC:
The uproar over $165 million in bonuses being dispensed to employees of AIG, the company receiving the largest amount of federal financial bailout funds, is another indictment of the rudderless Barack Obama White House.
American taxpayers are rightly outraged. AIG has received $170 billion in public funds to clear up its bad investment losses -- giving the American public 80% ownership of the firm. Now these public funds are going toward lining this failed company's employees' deep pockets.
And Democrats in Washington, however loud they may protest this use of taxpayers' funds, are directly responsible for this financial fiasco.
President Obama, who never ran any organization of any size before being elected to be the chief executive of the United States, continues to underwhelm as crisis after crisis reveals his lack of experience, judgment, and character.
He and his handpicked Treasury Secretary, Timothy Geithner, are trying to lay blame anywhere but upon themselves for not limiting compensation payouts as a condition for receiving public funds.
But the truth is that the Obama Administration requested the exemption for AIG bonuses.
Senator Chris Dodd, Chairman of the Senate Banking Committee, inserted an amendment in the $787 billion boondoggle at the urging of the Obama team to ensure that.
Can you guess who received the most in campaign contributions from AIG in 2008? That's right -- Chris Dodd, who received over $103,000 in 2008, and almost a quarter of a million dollars since 2003.
Second on that list? Barack Obama, who also received over $100,000 in campaign cash...
Show me the lies in the above.