Talk Is Cheap Mr. President
The uproar over $165 million in bonuses being dispensed to employees of AIG, the company receiving the largest amount of federal financial bailout funds, is another indictment of the rudderless Barack Obama White House.
American taxpayers are rightly outraged. AIG has received $170 billion in public funds to clear up its bad investment losses -- giving the American public 80% ownership of the firm. Now these public funds are going toward lining this failed company's employees' deep pockets.And Democrats in Washington, however loud they may protest this use of taxpayers' funds, are directly responsible for this financial fiasco.
President Obama, who never ran any organization of any size before being elected to be the chief executive of the United States, continues to underwhelm as crisis after crisis reveals his lack of experience, judgment, and character.
He and his handpicked Treasury Secretary, Timothy Geithner, are trying to lay blame anywhere but upon themselves for not limiting compensation payouts as a condition for receiving public funds.But the truth is that the Obama Administration requested the exemption for AIG bonuses.
Senator Chris Dodd, Chairman of the Senate Banking Committee, inserted an amendment in the $787 billion boondoggle at the urging of the Obama team to ensure that.
Can you guess who received the most in campaign contributions from AIG in 2008? That's right -- Chris Dodd, who received over $103,000 in 2008, and almost a quarter of a million dollars since 2003.
Second on that list? Barack Obama, who also received over $100,000 in campaign cash...The RNC needs your help to combat Barack Obama's style-over-substance PR campaign, and hold the White House responsible for its failings. The American people need to know what the adoring liberal media are not telling them as they instead shower the President with the late night talk show star treatment.
During these difficult times, Americans have enough to worry about without facing corruption, incompetence, and evasiveness from their leaders. The Democrats are failing in their responsibilities, and floundering as the White House fails to lead.Barack Obama wanted to be President, and now he has the job. Saying that the buck does indeed stop at his desk is a start, but when it comes to leadership and taking responsibility, actions speak louder than words.
American taxpayers are rightly outraged. AIG has received $170 billion in public funds to clear up its bad investment losses -- giving the American public 80% ownership of the firm. Now these public funds are going toward lining this failed company's employees' deep pockets.And Democrats in Washington, however loud they may protest this use of taxpayers' funds, are directly responsible for this financial fiasco.
President Obama, who never ran any organization of any size before being elected to be the chief executive of the United States, continues to underwhelm as crisis after crisis reveals his lack of experience, judgment, and character.
He and his handpicked Treasury Secretary, Timothy Geithner, are trying to lay blame anywhere but upon themselves for not limiting compensation payouts as a condition for receiving public funds.But the truth is that the Obama Administration requested the exemption for AIG bonuses.
Senator Chris Dodd, Chairman of the Senate Banking Committee, inserted an amendment in the $787 billion boondoggle at the urging of the Obama team to ensure that.
Can you guess who received the most in campaign contributions from AIG in 2008? That's right -- Chris Dodd, who received over $103,000 in 2008, and almost a quarter of a million dollars since 2003.
Second on that list? Barack Obama, who also received over $100,000 in campaign cash...The RNC needs your help to combat Barack Obama's style-over-substance PR campaign, and hold the White House responsible for its failings. The American people need to know what the adoring liberal media are not telling them as they instead shower the President with the late night talk show star treatment.
During these difficult times, Americans have enough to worry about without facing corruption, incompetence, and evasiveness from their leaders. The Democrats are failing in their responsibilities, and floundering as the White House fails to lead.Barack Obama wanted to be President, and now he has the job. Saying that the buck does indeed stop at his desk is a start, but when it comes to leadership and taking responsibility, actions speak louder than words.
Labels: Opinion
posted by AB5SY at 12:05 AM
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