Obama Untruthful About Bonuses; Frank To Endanger AIG Employees

Barack Obama and his lackeys have been running around screaming about the perfectly legal bonuses that some AIG employees received. I understand the uproar but the politicians have created an atmosphere of hatred and it is getting dangerous. Employees of AIG have been threatened as have their families and this is all because of the frenzy whipped up by the administration and the members of Congress who actually allowed the bonuses to happen.

Today the CEO of AIG was being grilled by Congress and limp wristed Barney Rubble, I mean Frank asked for the names of the employees who had received bonuses. Mr. Liddy said he would not give them unless he could be assured they would not be made public and Frank said he would make no such promise and that he would issue a subpoena for the names if he had to. Then Liddy read some of the hate mail that had been received including one that said the employees and their families should be strung up by piano wire. Frank said that he thought that it was just talk and he wanted the names.

No one treats it as just talk when people make any statement about Obama that in any way can be interpreted as a threat. I am willing to bet that if letters and emails started arriving at Frank’s office saying that he should be killed he would have protection and he would have investigations to find out who it is. And if there is anyone who should be strung up by piano wire it is that light in the loafers jackass. Frank seems not to care too much about the employees and their families.

If he releases the names and anything happens to those people Frank should be executed immediately. However, it is unlikely he would be held accountable for his actions. He is a major reason we had the economic collapse and he is still in office.

As for Obama, he is playing fast and loose with the facts. He claims that he only learned of the bonuses last week but a number of media outlets are reporting that he was aware of them before he took office. A number of people in government, many who are now feigning righteous indignation, knew about this months ago. It was not until the story enraged the public that most became upset.

The AP reports, via Yahoo News:

While administration officials insisted Tuesday that neither Obama nor Geithner learned of the impending bonus payments until last week, the problem wasn’t new. AIG’s plans to pay hundreds of millions of dollars were publicized last fall, when Congress started asking questions about expensive junkets the company had sponsored. A November SEC filing by the company details more than $469 million in “retention payments” to keep prized employees.

Back then, Rep. Elijah E. Cummings, D-Md., began pumping Liddy for information on the bonuses and pressing him to scale them back. “There was outrage brewing already,” Cummings said. “I’m saying (to Liddy), ‘Be a good citizen. … Do something about this.’ ”

Around the same time, outside lawyers hired by the Federal Reserve started reviewing the bonuses as part of a broader look at retention and compensation plans, according to government officials who spoke on condition of anonymity. The outside attorneys examined the possibility of making changes to the company plans — scaling them back, delaying them or rescinding them. They ultimately concluded that even if AIG’s bonuses were withheld, the company would probably be sued successfully by its employees and be forced to pay them, the officials said.

Obama had to know about this or he is even more incompetent than I thought. All his players knew about it and it was part of SEC filings. The article goes on to explain how there were a number of discussions about how to stop it and that when the stimulus bill was being crafted they passed up a chance to stop the bonuses and instead inserted a Dodd amendment that allowed them. Dodd initially denied he added the amendment but today fessed up and said he was responsible for the loophole that allowed the bonuses to be paid. It looks like the Democrats are losing even more credibility by the minute.

Obama’s time line does not square with what is being reported. Like I said, he had to have known or he is completely incompetent. I think it is both but if he continues to deny knowing then he is admitting that he does not know what is going on and that is a sign of an incompetent “leader.”

Then again, he showed that he was incompetent when he signed a bill he did not read.

Obama is not getting a honeymoon period because he and his minions have used most of his political capital. The only people who are steadfastly sticking to him are the toadies who worship the ground he walks on.

Most others are starting to wake up and, like the hungover college kid who awakens next to an ugly woman, ask themselves what did I do?

Obama gets caught in a lie just about every week. He is caught breaking campaign promises just about every week and he is using the fabricated crisis to push through things that would never pass muster during times of tranquility.

One thing is certain and that is Obama and his toadies knew about the bonuses and they made them possible by adding amendments to bills and signing things that were never read.

It is a piss poor way to run a country if you ask me.

Related:
Shep Smith at Fox goes off on Congress and the Administration.

Barney Frank defended Fannie and Freddie while they were sinking but making Democrats rich and now it looks like they will be paying bonuses. Will Congress go after them as well? Stay tuned…

Big Dog

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4 Responses to “Obama Untruthful About Bonuses; Frank To Endanger AIG Employees”

  1. jax says:

    If you thought it couldn’t get any worse than Bush. The dems are spending more and making grossly incompetent mistakes. Here is the latest (quite shocking) of their trillion dollar blunders:

    Cap Schmap:
    http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/

  2. Barbara says:

    People who don’t read the bible just don’t understand that what is done in the darkness is always brought to the light sooner or later. Obama and the Dems are lying their way right out of office. THANK GOD. Also the way people bashed Bush is now coming back to them.

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