« Congress Moving Too Slowly To Confirm Obama's Key Economic Staff | Main | WizBlue's Sunday Funny Foto Contest Winners »

Dodd is Toast

Connecticut Senator Chris Dodd (D) has seen better days, but he won't see one much worse than today. His political career is now toast, and for good reason:dodd.jpg

Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward - after previously denying any involvement in writing the controversial provision. .

"We wrote the language in the bill, the deal with bonuses, golden parachutes, excessive executive compensation that was adopted unanimously by the United States Senate in the stimulus bill," Dodd told CNN's Wolf Blitzer this afternoon.

"But for that language, there would have been no language to deal with this at all."

If he had a politically-defensible position for writing this into the bill he would have presented it when he first froze in the headlights,but instead he lied:

Dodd had previously said that he played no role in writing the controversial language, and was not a part of the conference committee that inserted the language in the bill. As late as today, Dodd's spokeswoman denied the senator's involvement.

Toast. Disown his Republican-like ass. America doesn't need Chris Dodd in Washington anymore.

Impeach his sorry ass. Let's start up a petition calling for his resignation. Where do I sign?


Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!

  • Currently 3/5
  • 1
  • 2
  • 3
  • 4
  • 5
Rating: 3/5 (6 votes cast)


Comments (15)

Rodney:

What about all the other Senators and President who voted for or signed this bill with the "loophole" in the stimulus package?

Lee Ward:

It wasn't a loophole. Don't be an asshole. It was a clause that specifically enabled the bonuses. Dodd put it in there, Dodd should face the blame.

Republicans pissed on the Constitution for 8 years and walked away unscathed. Your bullshit outrage is as meaningless as any other Republican position these days Rodney. Meaningless tripe, Limbaugh style.

ke_future:

wow, dodd, the quintessential liberal democrat. and you are accusing him of being like a republican. why can't you just admit that the democrats are even more corrupt than the republicans?

you keep claiming that the republicans pissed on the constitution, that they shredded the document. yet, every day we here how this DEMOCRAT in the white house is doing the exact same thing as Bush. care to comment?

you want to really see the trashing of the constitution? look at what FDR did. you know, one of Obama's heroes. and, i bet, one of yours.

look at the types of things that Obama is proposing. look at the types of positions he is taking. someone in the white house really doesn't care what the constitution says, and his party isn't republican.

Maynard:

The fact that it was Dodd that wrote that provision has been general knowledge for several days, but then again, I listen to Rush, Beck & Hannity.

And this corruption has gone waaaaaay past party politics. Republican or Democrat, if they're dirty, lets get rid of them!!!

Lee Ward:

What's changed is that Dodd now admits it, whereas before he denied it -- saying the language he submitted did not include the clause that was in the final bill.

He lied. He's toast. Hanging is too good for him.

Allen:

Ref #3. We all know every politician is a crook. It doesn't matter what party. But to be honest, the GOP "family values" BS that you people put out, the Demo's never did/say CRAP like that.

So the lefties rub that in your face and you can't handle it? TS buddy, your slogan got you in that position. But besides the point, how do we get rid of all the crooks? Lets hear about that, no matter what party they belong to?

GarandFan:

Yeah, Dodd fucked up and made us all look like fools. Even the Obamassiah. So let's call Dodd a Republican and kick him out. Couldn't trust the dumb shit anyway. Signing documents he never read to get a sweetheart mortgage. Signing shit he never read...like Obama...er....hold on a sec.....ah, skip it.

John:

Yeah Allen, they didn't say crap like that...it was more like "Tolerance" and "Most Ethical"...

Tim:

Since Mark Foley was trolling for young men (a la Gerry Studds) can we call him a Democrat? What, it doesn't work that way?

Lee Ward:

"Signing documents he never read to get a sweetheart mortgage."

Dodd wasn't a signer -- he snuck the language in then lied about it.

Just - like - a - Republican

Paul Hooson:

I'm glad we addressed this issue here, Lee. we need honest discussions like this even if some issues reflect poorly upon the Democratic Party sometimes. Someone in the White House actually suggested to Dodd that it might be illegal or cause lawsuits if the bailout to AIG and other companies did not contain a provision that allowed for existing contracts, including bonuses to be paid out. Because of this Dodd was forced to weaken stronger language in his part of the bailout bill that he authored. The big question is whether the AIG bonuses were part of old existing contracts made well before the bailout funds, or whether it was something new.

However, Senator Dodd handled very poorly a situation in which he was a major player. And the White House was definitely involved as well. In February, Treasury officials forced Dodd to weaken his strong provision against all bonuses, so they certainly share some blame as well.

This mess was handled poorly. And it makes the public angry. But in a California speech yesterday, President Obama did mention that as president he has to take responsibility for any mess such as this. It's persons supposedly under his control that allowed this AIG bonus mess to take place. However, government is so complex, and laws so complex, and this economic mess so critical, that some grand screw-ups like this are only certain to take place.

Tonight, President Obama will appear on Jay Leno's TONIGHT SHOW. And that will help a great deal for the public to see that the president is trying his best to get the nation through this economic crisis, despite some big road-bumps like the AIG bonus mess.

Allen:

I am sick of hearing that this is a CONTRACT issue. How about all the union contracts that was and still is being broken in the name of, "Give Backs" because of a bad economy! I am all for givebacks from the people who caused this problem or let them give some time and maybe some head in a real jail! Since we import everything else from China, why not import their policies on law-breaking corporate criminals? Give the AIG executives the ultimatum - return your bonuses and step down, or face public execution by hanging in Times Square under the national debt sign. A little harsh, perhaps - but hey - I think it would work. We could even follow the late George Carlin's example and put the execution on pay-TV. All proceeds go toward paying back the budget deficit.

Sen. Bob Corker (R) Tenn. had a great idea Dec 11, 2008. "They have to agree to have a contract in place, that put's them on parity with companies like Toyota and Nissan and Volkswagen and other companies here in our country" Maybe he was right! Why don't these financial employees have to live on the salary of an autoworker? OK, I'll give them the benefit of the doubt, maybe they have student loans to pay off, let them get 2x what an autoworker makes. You got to give the GOP. They are great at the blame game. What's even more fascinating is their herd can't wait to gulp down their slop of hypocrisy from the trough.

Lee Ward:

Well put, Allen. If union workers can give back 15 cent per hour wage increases because of their employer's hard times in a bad economy - why can't these millionaires give back their undeserved bonuses?

Paul Hooson:

Hello Allen and Lee. I know that union contracts are under federal labor laws, whereas other private business agreements are a private company matter. But it was probably the sheer size of $126 million dollars in bonuses that set this AIG thing off. This AIG company just doesn't seem to have good sense on how to spend their money, which probably partially explains the mess that they're in.


I'd be the first to agree that these millionaire CEOs should cut back their salaries or bonuses for the good of their company and at least attempt to be on their best behavior while accepting taxpayer help.

Rodney:

"It wasn't a loophole. Don't be an asshole. It was a clause that specifically enabled the bonuses. Dodd put it in there, Dodd should face the blame."
First, I quoted "loophole" directly from the article you posted.
Second, My point is, don't just blame the person that put it in there, blame everybody that voted/signed their name on the bill. It is their job to know what is in the bills that they sign.


Contact

Send e-mail tips to us:

[email protected]

Advertisments

Categories

Archives

Technorati



Add to Technorati Favorites

Credits

Publisher: Kevin Aylward

Editors: Lee Ward, Larkin, Paul S Hooson, and Steve Crickmore

All original content copyright © 2007 by Wizbang®, LLC. All rights reserved. Wizbang® is a registered service mark. Wizbang Blue™ is a trademark of Wizbang®, LLC.

Powered by Movable Type 3.35

Hosting by ServInt

Ratings on this site are powered by the Ajax Ratings Pro plugin for Movable Type.

Search on this site is powered by the FastSearch plugin for Movable Type.

Blogrolls on this site are powered by the MT-Blogroll.

Temporary site design is based on Cutline and Cutline for MT. Graphics by Apothegm Designs.