Dodd Trying to Ignore AIG Bonus Scandal
In case you ever need an example of the hypocrisy of democrats and their fake “outrage” about things like AIG bonuses, just take a look at this.
“An aide to U.S. Sen. Chris Dodd dismissed as “old news” a report Monday that said the Connecticut Democrat collected more than $160,000 from American International Group employees and their spouses after a top executive urged employees to give.
The Washington Times reported that in a November 2006 e-mail, the head of the troubled Financial Products unit told employees that Dodd was “next in line” to chair the Senate Banking, Housing and Urban Affairs Committee, where he would “have the opportunity to set the committee’s agenda on issues critical to the financial services industry.”
See, companies like AIG are good when they donate hundreds of thousands of dollars to campaigns, but when they are needed for a political stage event, they are tossed under the bus.
Dodd and Frank are two of the most corrupt and inept politicians in Washington today. We can only hope at election time people will remember this.
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AIG Bus Tour Protests – Another ACORN Activity
You might have heard in the news about the protests that people were organizing against the workers and families of AIG employees who took bonuses which were contractually given to them. These nuts even went as far to have bus tours to the peoples homes.
Well guess who was behind all this, yep, ACORN again. They are using a front group called Connecticut Working Families, but it’s clear they are associated with ACORN.
It’s really interesting how ACORN is the thug wing of the Obama administration.
Link: Sweetness & Light
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Teleprompter-in-Chief!
This is just too funny. Obama is a bumbling idiot without his teleprompter.
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Obama Seeks Expanded Power to Seize Firms
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
The government at present has the authority to seize only banks.
Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president’s Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document.
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Offshore Oil Drilling Ban Will Be Restored ‘By Any Means
The ban on offshore oil drilling that expired last September will be restored by “any means necessary,” Rep. Jay Inslee (D-Wash.), who serves on both the House Committee on Natural Resources and the House Committee on Energy and Commerce, told CNSNews.com on Friday.
Inslee, who participated in a conference entitled “Planning for a Secure Energy Future” sponsored by the Washington Post, also recommended a ban on future drilling in the arctic, where he says there is a “gold rush” for oil uncovered by melting ice caps.
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