As the AIG debacle continues to unfold, it is time to take a page out of the Rahm Emanuel playbook. Never waste a crisis. As Team Obama forms a circular firing squad, this crisis has more that a few oportunities to pick apart the Obama big government agenda:
Incompetence- No one knows who put the "Dodd provisions" into the bailout bill, including Dodd. Really? No one knows?The Obama administration is presiding over a $170 billion bailout of a huge corporation, and can not even agree on what provisions were in the bill or who put them there:
Sen. Christopher Dodd won’t say how a rule he added to the Obama stimulus package ended up allowing AIG to give top executives of the failing company big bonuses.
Dodd spokeswoman Kate Szostak said when the Connecticut senator originally wrote the provision, it did not include the grandfathering of existing bonus agreements such as the ones at AIG. But she declined to say how the language ended up in the final bill — or who wanted it in there.-DC Examiner
Really? He doesn't know? A $30 billion bill, and no one knows where language that allowed huge bonuses came from?
Apparently Obama signed the bill without reading it, because THIS IS THE FIRST HE HEARD OF BONUS PROVISIONS.
Asked why the administration is attempting to claw back the bonuses now but did not do more to block the payments earlier this month when it was authorizing the latest $30 billion in new loans to the struggling insurer, Gibbs was unresponsive. -Washington Post
Robert Gibbs unresponsive? Oh, right, it wasn't a question about Rush Limbaugh. I bet Porky really stumbled through that answer.
Corruption-Can you imagine the outcry fro the left if this were a Republican administration? Rich Republicans taking care of their rich Wall Street freinds making sure they get bonuses paid by the taxpayer . . . I can just hear it.
But, its a Democratic administration, and Dodd and Obama were the biggest recipients of AIG cash in 2008. Its not a stretch to say that Dodd inserted language into the bill that took care of AIG. Now he has no idea how it got in the bill.
So, Incompetent or Corrupt. Take your pick. Looks like these are the only choices, and I hope the GOP will start to characterize this "crisis" and push back on the Obama agenda.
These are the people that want to run a national healthcare program?
This is how things run when the "adults" are in charge. God help us all.