Obama pretends like he is accepting responsibility for the AIG bonus scandal, but, as I said before, Obama is still passing the buck.
Marc Thiessen, over at NRO’s The Corner, notes how Obama is directly responsible for the AIG bonus scandal, and not only that, he and the Democrats own it.
President Obama has expressed outrage over the AIG bailouts. “I’m angry too,” he says. He wasn’t told by the Treasury secretary for days, the White House says.
Why are Republicans letting him get away with it?
President Obama rammed through the stimulus bill — over Republican objections — that explicitly protected the AIG bonuses.
Here is the language from page H1412 of the final stimulus bill, SEC. 111. EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE:
em>(iii) The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.
Not a single House Republican voted for this bill and only three Republicans in the Senate did. Obama owns it.
Let’s also keep in mind that not only was it Obama and the Democrats who wanted this pushed through quickly and without oversight, but he, Chris Dodd, and other Democrats were getting campaign cash from AIG.
Obama isn’t outraged about the bonuses for his campaign contributors… he is outraged that the country found out.
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