Home > politics > Obama, Geithner, Dodd Make a Mess…Then Complain about It

Obama, Geithner, Dodd Make a Mess…Then Complain about It

Thursday, March 19, 2009, 17:30 EDT Leave a comment Go to comments

I’m getting more than a little sick of the Obama Administration and Congressional Democrats screwing up and then acting like they were the victims. From the Hartford Courant:

U.S. Sen. Christopher Dodd, already reeling in public opinion polls, suffered another political blow Wednesday with the admission that he had been involved in key legislative changes that helped pave the way for AIG to pay controversial bonuses to its employees.

In a retreat from earlier statements, Dodd said Wednesday that U.S. Treasury Department officials had approached him last month, urging him to modify an amendment to the federal stimulus bill that capped bonuses for executives at companies receiving aid.

On Tuesday, Dodd said that he was not a member of the conference committee that crafted the final compromise bill and said that the exception had not been in the bill as he drafted it.

But late Wednesday, Dodd admitted in an interview with CNN that he had been involved in the change.

“I agreed reluctantly,” Dodd said. “I was changing the amendment because others were insistent.”

Isn’t that just like the new Washington monarchy? It’s always someone else’s fault. President Obama is shocked—SHOCKED! I tell you—that people at AIG are getting hefty bonuses after receiving billions in bailout money (the bonuses totaled less than one-tenth of one percent of the AIG bailout package, by the way, but you’d never know it to hear the weeping and wailing from the White House) even though the Administration not only knew that bonuses would be possible but actually brought pressure to bear upon Congress to remove a bonus-blocking provision from a bill. On February 14, The Wall Street Journal reported that upon hearing about the provision, “Both Treasury Secretary Timothy Geithner and Lawrence Summers, who heads the National Economic Council, had called Sen. Dodd and asked him to reconsider,” according to Open Congress Blog. And Dodd, who arguably has more power as a United States Senator than Geithner and Obama combined, now acts like he was forced to cave. Meanwhile, Congressional and Administration fingers are all wagging at Ed Liddy, whom Geithner himself hired (at the whopping salary of $1 a year to run AIG). Because these people always have to blame someone else.

I’m waiting for the next time Obama recites his new favorite phrase, “We inherited this problem,” which he has come to use as an excuse to make things worse. Change we can believe in!

(Edited to add link.)

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