Has anyone else noticed that the news stories about AIG’s $163 million in retention bonuses have disappeared?

Do you think these news stories would have disappeared if Bush was still President?  I think the media is covering for Obama.  The media did reveal that the Obama administration and Senator Chris Dodd were responsible for making these bonus payments possible, but they didn’t make a big deal out of it.  Right after this revelation was made, with little mention of Obama’s direct responsibility, the eruption of Democrat anger died down.

It seems the Democrats in Congress have dropped efforts to slap a 90% tax on the AIG bonus payments.  I guess pursuing this issue further would draw more attention to the fact that Democrats were responsible for it in the first place.

As the fake Democrat anger over the $163 million in bonuses at AIG continues, it is becoming more evident that Democrats were the ones who enabled it to occur.

AIG claims that the government approved the bonuses.  The Obama administration originally pleaded ignorance.  The New York Times, however, said that the administration had known about the bonuses for months.  The Obama administration now admits that the President knew about the bonuses for several days before the news broke.  It’s interesting how Obama didn’t get upset about the bonuses until after the public got enraged, isn’t it?

There are lies and half-truths coming from all over the place.  Obviously, some people are not being completely truthful.  It looks like Democrat Senator Christopher Dodd (CT) has been caught red-handed in a lie.

Dodd, chairman of the Senate Banking Committee, seems to have changed his story about the bonus language in the Democrat stimulus legislation he helped write.  Yesterday, he denied having anything to do with adding the legal language to allow the bonuses.  Today, he admits that he did.

CNN Christopher Dodd Article

Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.

On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at bailed-out insurance giant AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.

We now have concrete proof that Democrat Chris Dodd is a filthy, lying pig.  This isn’t surprising.  After all, he is a Democrat and DFLers have a seemingly genetic propensity to lie.

Not only did Dodd admit his role in the AIG bonuses, but he and an unnamed source say that the Obama administration pressured them into adding language into the Democrat stimulus bill to allow fulfillment of pre-existing bonus contracts for bailout recipients.

All the Democrat outrage about the AIG bonuses is fake.  It turns out that the Obama administration and Democrats in Congress allowed the bonuses to occur.  The Obama administration lobbied for the bonus language in the stimulus bill.  The Democrats put it in and passed it.

These Democrats are nothing but liars and frauds.

The stock market dropped again yesterday (02/20/2009) thanks to Democrats, leaving tens-of-millions of Americans, including fixed-income retirees, poorer.  Democrat Senator from Connecticut Christopher Dodd made some reckless comments that banks might have to be nationalized, causing owners of bank shares to dump them, driving values to new lows.

The Obama administration did not deny that banks might be nationalized, which further spooked the market.

NY Times Article

Despite somber assurances from the White House that the industry is sound, shares of bank companies plunged to new lows Friday on fears that some of the nation’s largest banks, including Citigroup and Bank of America, eventually could be nationalized.

Though both companies said that was not the case, investors pointed to a seemingly offhand remark by Senator Christopher J. Dodd – to the effect that the administration might assume ownership of certain banks for a short time – as cause for concern.

The Obama administration has provided few details about its plans to shore up troubled lenders, sowing confusion in the markets and inside the banks about its intentions.

President Obama has provided few concrete details about any of his plans.  That’s mainly because he doesn’t have any real ideas. But that is to be expected from an incompetent empty suit with no experience and no qualifications to be President.  We must also consider that the few plans Obama has had, namely the stimulus package and mortgage rescue plan, have actually caused the stock market to drop further.  Maybe that is why he isn’t offering details.

Everything Obama says about pretty much any topic is nothing but empty platitudes and meaningless populist rhetoric.  Obama’s hollow statements aren’t going to inspire confidence in the market or in the economy.  His words may convince millions of mindless people to vote for him, but they aren’t going to get anything accomplished and are not going to turn the economy around.

(I’m beginning to understand why Obama refused to release his college transcripts.  If he got good grades, he would want people to see them.)

As for Dodd’s comments, you may recall that idiot Democratic Party Senator Charles “Chuck” Schumer destroyed IndyMac bank in July of 2008 by leaking documents to the press indicating his concern that the bank might fail.  Instead of things playing out naturally, which included IndyMac surviving intact or being sold to another bank, Schumer’s actions caused a massive bank run resulting in failure–which would not have occurred if Schumer kept his opinions to himself.  According to the FDIC failed bank list, 25 banks failed in 2008.  Of those bank failures, there was only one bank run, and that was caused by Schumer.

In early January of this year, Indy Mac was sold to a private investment group for $13.9 billion.  Because of Schumer’s Democrat stupidity, the taxpayers lost billions of dollars.

MSNBC Article

The failure of IndyMac, which had $32 billion in assets, was the second-largest last year, trailing only the September failure of Washington Mutual Inc. Losses to the FDIC’s bank insurance fund are expected to range between $8.5 billion and $9.4 billion.

And now Chris Dodd is shooting off his big mouth much like Schumer did last year.  Maybe Democrats are purposely trying to destroy the banking sector and the economy so they can nationalize everything and control every aspect of our lives.

Loose lips sink ships.  They can also sink the stock market, destroy banks, and potentially destroy the economy, too.