Rep. Waters Demands Obama Clarify AIG Bonus Provision

Discussion in 'Politics' started by Revmitchell, Mar 20, 2009.

  1. Revmitchell

    Revmitchell
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    Rep. Maxine Waters, D-Calif., called on President Obama on Friday to explain what happened when a provision was added to his economic stimulus bill last month that allowed AIG employees to receive $165 million in bonuses.

    Waters' comments were the strongest criticism yet from a Democrat over a controversy that continues to grow.

    Sen. Christopher Dodd, D-Conn, confessed Wednesday to adding language to a spending cap in the stimulus bill that specifically excluded executive bonuses agreed to before the bill's passage. But he added that Treasury officials forced him to make the change to protect the government from potential lawsuits.

    It was a reversal from Dodd's position a day earlier, when he strongly denied he had anything to do with adding the provision.

    "They've got some explaining to do," Waters told Joe Scarborough on his WABC radio show Friday morning. "And I think the president is going to have to clarify to the American public what took place between Treasury and Mr. Dodd.

    "Obviously, there appears to be some sort of an agreement that they would protect AIG from having to give those bonuses. I don't know who said what and when," she added. "Chris Dodd said he wrote the language but that he was pressured practically by Treasury. Maybe the president is not up to speed on what is going on, but I think it is going to have to be clarified."


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  2. Revmitchell

    Revmitchell
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  3. matt wade

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    What I don't understand is why some conservatives want government to put their foot futher into the private sector. Giving money to any of these companies was a mistake. If they couldn't make it, they should have dealt with the consequences. But, now that we've given them money, why are some conservatives looking to control how they spend that money? It's nothing but a slippery slope to socialism.
     
  4. LadyEagle

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    matt, Dodd and Waters are hardly conservatives.

    This is just grandstanding. But they have put us on a very slippery slope, yep. But they are socialists (progressives) and that is what they really want. That's why I say it is grandstanding. Media fodder.
     
  5. matt wade

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    I wasn't talking about Dodd and Waters...
     

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