So, our President assumed responsibility for the AIG bonus situation and told us to blame him. But, he didn't say or even imply he was going to do anything about it. Accepting responsibility and doing nothing isn't a cure.

He is very well spoken with a teleprompter but he was having real difficulty answering questions. In fact, he looked no different than what Bush got blamed for all the time. He stumbled frequently and seemed not to be able to answer many of the questions.

They all suck butt...

c&p..

Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.

Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the controversial provision. .

“We wrote the language in the bill, the deal with bonuses, golden parachutes, excessive executive compensation that was adopted unanimously by the United States Senate in the stimulus bill,” Dodd told CNN’s Wolf Blitzer this afternoon.

“But for that language, there would have been no language to deal with this at all.”

Dodd had previously said that he played no role in writing the controversial language, and was not a part of the conference committee that inserted the language in the bill. As late as today, Dodd’s spokeswoman denied the senator’s involvement.

The Democrats are pointing fingers in every possible direction.............Obama is a great speaker with his teleprompter, without it he is a blubbering and stumbling person who is not very quick....much like GWB, without the humorous asides.

Charlie

AIG did nothing wrong, this time around that is. The bonuses being paid out are not to their execs, it is to their employees. The bonuses stem from their leveraging of bad debts out of the company, this is a good thing. Anyone who works in any industry where there is some sort of quota number to reach, ie sales, financial, etc, will tell you bonuses are earned through their hard work and what they contributed to the company, in many cases it is just an extension of their salary. The people who are receiving bonuses now are those who freed up some of AIG's troubled assets and due to the contract that was written is what they were promised if they did this. Everything that the media is talking about in regards to AIG is just a trick to keep people from talking about the massive $3.6 trillion budget.

The whole problem comes from congress, namely Barney Frank, who several years ago passed laws and bills to put "low income" families in houses they couldn't afford. Mortgage lenders got tax incentives to participate, then turned around and bundled these bad mortgages to banks like Bank of America, who in turn bundled these to insurance companies like AIG. The root cause of the problem is government, but they fail to admit their mistakes and in turn blame everyone who followed what they told them to do.

If congress does something about these bonuses the employees will quit, they are performance bonuses they did a good job. AIG will have no competent employees and will likely become insolvent. If AIG becomes insolvent then roughly 35-50% of mortgages held in this country will be worthless, which will in turn tank the real estate market worse than anything that has ever happened in American history.

^ It's crap. Pure crap. I don't care about any flimsy excuses. It's arrogant crap and Chris Dodd and his cronies in the Treasury put a loophole in that allowed bonuses to executives. Dodd denied it big time yesterday until the Treasury pointed the finger at him. Then, he "remembered" that he did it to save the bill and said it was common. Lying piece of crap.

You can paint this any color you want but it's a load of crap and we are footing the bill. More importantly, Obama isn't doing anything about it except to say "blame me" which his lemmings all bow down and clap their hands.

Yo DawgFan38:

"If congress does something about these bonuses the employees will quit, they are performance bonuses they did a good job. AIG will have no competent employees and will likely become insolvent. If AIG becomes insolvent then roughly 35-50% of mortgages held in this country will be worthless, which will in turn tank the real estate market worse than anything that has ever happened in American history."

That is why the congress will "void" the bonuses, because they are aimed at the workers and not the ceo's.

It is the messiah's will to have it done so that America will be brought to her knees and the muslims and illegals will rule and obama will be king and nancy pelosi will be his concubine, harry reed will be court jester and finally barney frank will hang around in case anyone needs a BJ.

JonR

^ I hear what you are saying, but this isn't executive bonuses. These are bonuses that are paid to employees who live, yes live, off of these bonuses. These bonuses that are being paid out are to the employees, not execs, that performed well and saved the company billions of dollars. Anyone who has ever worked in the financial sector or as a salesman understands that bonuses are your salary, plain and simple. The current CEO of AIG is being paid $1, yes only $1!!! He came out of retirement after the bail out to work for free to try to save the company.

This is all media propaganda, don't believe it, look into the real numbers. This is congress hood-winking the American people in order to pass the record $3.6 trillion dollar budget next week, which is on top of the $1 trillion stimulus bill and the $1 trillion TARP and the $700 billion bail out before tarp.

^ for #5