Thursday, March 19, 2009

Wyden blames Obama administration for AIG bonuses

Yesterday I commented on Senator Dodd's apparent flip flop on the AIG bonuses. But at least his flip flop is starting to make sense - he was "taking one for the team" by covering for Administration officials. And while that makes him look like a member of the Republican Rubber Stamp Congress with his tale of "the Administration made me do it," there's still a question that needed to be answered:

Who in the Administration pressed for the AIG bonuses?

FoxNews' Trish Turner offers:

Sen. Ron Wyden, D-Ore., all but pointed the finger of blame directly at the "Obama economic team" Wednesday for allegedly stripping a provision from the stimulus package last month that would have slapped a heavy tax on bonuses like the ones doled out at AIG...

Asked to whom he spoke with back in February when he was fighting to keep the item, Wyden said, "Secretary Geithner, Larry Summers, and I'll leave it at that."

And so I come full circle from a few days ago... Obama needs to fire his economic team and stop the bailout-funded bonuses. Enough already.

Tim White

2 comments:

Anonymous said...

I can't wait to get my bumper sticker that says:
"Don't blame me, I didn't vote for him"
Maybe Jay Leno will make him more appealing.

vancouver real estate said...

Let's look at it from a different point of view: are these bonuses really "bonuses"? They way it goes in companies like AIG is that part of the normal salary is paid out in March the following year, so that they make it very hard for you to leave. I'd say most of the money intended to be paid is this salary...
Take care,
Jay