Obama = Greenie

on Wednesday, March 18, 2009

This guy has no clue what he's doing:

For the first time since last fall's election, Democrats and the Obama administration are backpedaling furiously on an issue easily understood by financially strapped taxpayers: $165 million in bonuses paid out at bailed-out AIG...

"It's shocking that they would -- the administration would come to us now and act surprised about these contracts," said Sen. Mitch McConnell, R-Ky., the Senate GOP leader. "This administration could have and should have ... prevented this from happening. They had a lot of leverage two weeks ago."

That would be when the Treasury Department decided to make an additional $30 billion available to American International Group Inc., the huge insurance conglomerate deemed too big to fail by two administrations....
Allow me to sum up the AIG timeline for you:

1) AIG needs money

2) AIG is granted money in the stimulus bills

3) AIG has contractual obligations to pay the bonuses

4) Chris Dodd adds amendments to the bills that allow AIG executives to pay bonuses through Feb 2009

5) Obama and the Democrats in Congress (along with a few RINOs) pass the bill without even reading it, thereby missing the loophole allowing for the bonuses

6) White House press secretary Robert Gibb's tells America it "knows where the AIG bailout billions are going" and not to worry because it is on top of it all

7) AIG pays the bonuses that it was contractually bound to do and that the White House said it (supposedly) knew about

8) Obama gets mad that AIG pays the bonuses even though the bill that explicitly allows them to do so has his signature on it (again, this is what happens when he signs the bill without even reading it)

9) Obama goes out on Monday and hammers AIG in populist rhetoric while praising the new CEO (who just happens to be the guy authorizing the bonuses, might I add)

10) The White House is then forced to crawl back into its gopher hole when it realizes that it knew about the bonuses all along and had the ability to stop them, but chose not to

11) Obama and cronies try to find a way to take the money back in the form of massive taxes

12) (This step hasn't occurred yet, but will) Obama will be challenged by the United States Supreme Court for his unconstitutional taxes employed to recoup some of the bonus money that, again, HE AUTHORIZED WITH HIS SIGNATURE TO BEGIN WITH!

Like others, I myself am beginning to seriously question the competency of Obama and his cabinet.