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Re: Dodd admits inserting loophole in stimulus for bonuses
Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.
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.”
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.
The AIG bonuses have caused a political firestorm, with Republicans and Democrats alike looking to lay blame for who’s responsible, and leading lawmakers looking to revoke the bonuses.
Dodd’s role in the legislation will likely come up as he faces the likelihood of a tough re-election. Former GOP congressman Rob Simmons announced he was running this week, and has already taken issue with Dodd’s stewardship as chairman of the Senate Banking Committee.
Re: Dodd admits inserting loophole in stimulus for bonuses
I've been saying for years that this bullshit isn't something for partisan hacks to argue about. BOTH sides are knee deep in this bullshit going back to the Clinton sellout, and its time for these douche bags to pay a steep price.
Dodd should resign immediately. If not, he needs to be removed ASAP. Country will NEVER come close to a recovery while we have the crooks who are responsible for this mess enacting policy.
Re: Dodd admits inserting loophole in stimulus for bonuses
Dodd should be put in front of a firing squad.
When he's not taking freebies or discounts for being a senator, he's giving bonuses, to AI fuckin' G...
This is actually one good thing about this whole situation. Maybe will finally smoke out the fuckin' foxes that have been hiding in there for years.
Re: Dodd admits inserting loophole in stimulus for bonuses
Yeah, Dodd's really looking bad in this right now. I think he's up for election in 2010 & if so, will probably race against Republican and another Dem in the primary. I think he'll be out.
Axlin08 I agree, hopefully people vote out all these hacks & common people start taking part. That or term limits are set to lessen corporate contributor loyalty & lobbysists pressure.
