obama hypocrisy watch [update]
By American Girl in Italy on March 18, 2009 at 10:43 AM in Barack Obama, Christopher Dodd, Current Affairs, Tim Geithner
Update by editor (SusanUnPC): I’m listening to the 7 a.m. MSNBC news hour via my DVR — I watch the enemy often to catch any material to exploit — and Chris Matthews is hosting because of the live congressional (House) hearing on AIG. It’s a good thing I don’t have a Deadwood-style lady’s pistol because I would have aimed it right at Chris Matthews on my teevee set. He said that the Obama administration found out about the bonuses last Tuesday. For the love of Pete. Geithner himself was in charge of creating the fucking deal in Fall 2008, you masturbatory Obamerotica tingler whose brain is south of your waistline in your short, scrawny middle appendage. Now, back to American Girl’s original story:
Visit msnbc.com for Breaking News, World News, and News about the Economy
March 16, Tapper went after Gibbs on what the Obama admin knew, and when they knew it.
“TAPPER: You guys first found about these bonuses last week?
GIBBS: I think that’s true, based on what I read in the newspaper.”
March 17, Tapper reported that WH officials knew about the bonuses two weeks ago.
“It wasn’t until Thursday, March 5, 2009, administration sources told ABC News, that officials of the Federal Reserve Bank of New York informed officials of the Treasury Department of the full extent of the $165 million in bonuses pending for the controversial Financial Products Subsidiary.
This was three days after the Obama administration had already announced a new commitment of an additional $30 billion for AIG.”
And March 16, Tapper reported: White House Says It’s Confident It Knows What Happened to Previous AIG Billions
“From White House press secretary Robert Gibbs’ briefing two weeks ago, when $30 billion in additional funds were announced for AIG. AIG had at this point designated $165 million in retention bonuses for officers of the Financial Products subsidiary, as well as an additional $121.5 million in executive bonuses.”
Salon.com reports that the WH is trying to make Dodd the fall guy. The dishonest “Blame Dodd” scheme from Treasury officials
“It was Obama officials, not Dodd, who demanded that already-vested bonus payments be exempted.”
FOX just reported, “Dodd’s original amendment did not include that exemption, and the Connecticut Senator denied inserting the provision.
“I can’t point a finger at someone who was responsible for putting those dates in,” Dodd told FOX. “I can tell you this much, when my language left the senate, it did not include it. When it came back, it did.”
“Because of negotiations with the Treasury Department and the bill Conferees, several modifications were made,” Dodd Spokesperson Kate Szostak in a response to FOX Business.
There is a lot of finger pointing, covering up, and faux outrage being thrown around. But one thing seems obvious. This is yet another instance, where Dodd and Obama were top recipients of donations from companies that caused major financial problems for America. Coincidence?
So, what’s a new President to do, when he finds himself in hot water, and completely in over his head, facing dropping poll numbers, and a growing number of outraged Americans?
Appear on Jay Leno, of course.
UPDATE: Surprise, surprise surprise…Dodd admits he did insert the loophole to protect bonuses. But Obama made him do it!!
Don’t miss these other NQ stories:
AIG Contracts a Brain Freeze
White House Panics at the Mob Marching on AIG
Just The Facts, Barack
Top Ten Reasons Obama is Appearing on Jay Leno























