"March 19 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd said the Obama administration asked him to insert a provision in last month’s $787 billion economic- stimulus legislation that had the effect of authorizing American International Group Inc.’s bonuses.
Dodd, a Connecticut Democrat, said yesterday he agreed to modify restrictions on executive pay at companies receiving taxpayer assistance to exempt bonuses already agreed upon in contracts. He said he did so without realizing the change would benefit AIG, whose recent $165 million payment to employees has sparked a public furor."
Bloomberg reports that Chris Dodd, who was fingered as the Democrat perp, guilty of inserting language into the Magical-Mystery-Leftist's-Wet-Dream-Spending-Spree-"Stimulus"-Bill, which specifically approved the suddenly outrageous and unacceptable AIG bonuses...was directed by the Obama administration to do so.
So, I guess when Obama (via his teleprompter) took responsibility for it, on the pretense that he was being magnanimous...because it really wasn't his fault, was actually just speaking the simple truth.
Or maybe...his teleprompter betrayed him into being truthful for once.
I wonder if it's a libertarian.
The Gunslinger
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