Wednesday, March 18, 2009

The Treasury Department Made Me Do It...

From the "Congressmen acting like 3 year olds" department...

In a "dramatic reversal" (aka: I got caught in a lie) Wednesday, Sen. Chris Dodd, D-Conn., confessed to adding language to the stimulus bill last month that exempted all bonuses that bailed-out companies had promised to employees before Feb. 11, 2009. 

Dodd told FOX News that Treasury officials forced him to make the change.

"As many know, the administration was, among others, not happy with the language. They wanted some modifications to it," he said. "They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous."

But the provision has become a flash point for criticism amid the controversy over $165 million in bonuses given out by AIG after securing more than $170 billion in federal aid. The language in the stimulus bill wasn't specific to AIG, but some have expressed outrage that it appears to have created a loophole.

Dodd said the argument put forward by Treasury was that a "flood of lawsuits" would come forward if the change was not made.

Dodd said he was unaware of the AIG bonuses at the time the bill was being written back in early February. He also said he has no reason to believe Treasury officials making the argument knew about the AIG bonuses.

When asked how administration officials have this kind of leverage over members of Congress, Dodd said, "The administration has veto power. ... No one suggested a veto to me, I don't want to imply that to you. But certainly that's not an insignificant tool."

On Tuesday, Dodd told FOX News that he didn't add the exemption.

As long as we're acting like 3 year olds.... "Liar, Liar, Pants on Fire..."


Red March 19, 2009 at 4:14 AM  

Looks like it's 'Pin the blame on the government employee/appointee' game.
It wasn't Gheitner, it was Dodd! It isn't Reid or Pelosi it's the Republicans, It isn't the Obamholes it's, ...oh wait. Nevermind.

Chuck March 19, 2009 at 8:49 AM  

I think some people are getting nervous. There are a lot of Dems with egg on their face that are up for re-election in 2010.

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