President Obama over the past few days along with the stupid press Secretary Gibbs has been telling the media pool how outraged they have been over these AIG bonuses, while all the time knowing that the Stimulus Bill President Obama had too sign so quickly, included the prevision placed in the bill by Christopher Dodd that had added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009 which exempts the very AIG bonuses that the administration has been so upset about. So the administration did know about these bonuses, and have known for over two weeks, per White House Press Secretary Robert Gibbs. Who expressed confidence two weeks ago that White House officials were fully aware of how AIG was using taxpayer funds. Now Senate Banking Committee Chairman Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.95, 0.1699, 21.78%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. the democrats including the beloved President are running around double talking, while telling the American people that they are working on a new bill to now tax those who are receiving these such high bonuses so that they can say where looking out for the taxpayers best interest.
Now lets just remember one thing here before we go on, No Republicans in the House voted yes for this bill, and only three idiot Republicans in the senate voted for this Bill. This Bill is a democrat bill that was signed by a buffoon President.
Below is a letter that has been sent to the President
The President
The White House
Washington, DC 20500
Dear Mr. President:
The American people are rightly outraged over the news that AIG is paying $165 billion in bonuses to its executives. This news is especially troubling given that AIG received another $30 billion in bailouts just two weeks ago. The egregious actions of AIG underscore the fact that even more taxpayer dollars are vulnerable to waste and abuse due to the unprecedented spending levels brought about by the Troubled Asset Relief Program and economic stimulus legislation.
Given your recent expressions of outrage about bonuses being paid to AIG executives, I am concerned that members of your Administration may not be bringing critical information to your attention in a timely manner.
There is good reason to believe that White House officials have long known about impending bonus payments to AIG executives, even prior to the decision two weeks ago to approve a $30 billion bailout payment to AIG.
Two weeks ago, White House Press Secretary Robert Gibbs expressed confidence that White House officials were fully aware of how AIG was using taxpayer funds.
Recent news reports have also suggested that officials in your Administration may have more knowledge about the AIG bonus payments than has previously been disclosed. CBS News reports that an official in your Administration said that the AIG bonuses have “long been known about inside and outside AIG.”
I would appreciate if you would assist me in understanding the extent of the Administration’s knowledge of the bonuses being paid to AIG executives, including the earliest date at which senior Administration or White House officials became aware of the pending bonus payments to AIG employees and when this was first brought to your attention. I would appreciate it if you would respond no later than March 24, 2009.
Sincerely,
Darrell Issa
Ranking Member
Now lets just remember one thing here before we go on, No Republicans in the House voted yes for this bill, and only three idiot Republicans in the senate voted for this Bill. This Bill is a democrat bill that was signed by a buffoon President.
Below is a letter that has been sent to the President
The President
The White House
Washington, DC 20500
Dear Mr. President:
The American people are rightly outraged over the news that AIG is paying $165 billion in bonuses to its executives. This news is especially troubling given that AIG received another $30 billion in bailouts just two weeks ago. The egregious actions of AIG underscore the fact that even more taxpayer dollars are vulnerable to waste and abuse due to the unprecedented spending levels brought about by the Troubled Asset Relief Program and economic stimulus legislation.
Given your recent expressions of outrage about bonuses being paid to AIG executives, I am concerned that members of your Administration may not be bringing critical information to your attention in a timely manner.
There is good reason to believe that White House officials have long known about impending bonus payments to AIG executives, even prior to the decision two weeks ago to approve a $30 billion bailout payment to AIG.
Two weeks ago, White House Press Secretary Robert Gibbs expressed confidence that White House officials were fully aware of how AIG was using taxpayer funds.
Recent news reports have also suggested that officials in your Administration may have more knowledge about the AIG bonus payments than has previously been disclosed. CBS News reports that an official in your Administration said that the AIG bonuses have “long been known about inside and outside AIG.”
I would appreciate if you would assist me in understanding the extent of the Administration’s knowledge of the bonuses being paid to AIG executives, including the earliest date at which senior Administration or White House officials became aware of the pending bonus payments to AIG employees and when this was first brought to your attention. I would appreciate it if you would respond no later than March 24, 2009.
Sincerely,
Darrell Issa
Ranking Member
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