Chris Dodd throws himself, lefty defenders under the bus on bonus clause in Porkulus


Here’s video of Sen. Chris Dodd (DEMOCRAT) telling CNN he wrote the bonuses-are-OK loophole into the Porkulus bill that not one Senator nor Representative read before voting on:

So…what now? Congress and the president are talking about having those executives who, under this law written by Democrats and lobbyists, passed by House Democrats without one single Republican vote, passed by the Senate with only Benedict ArnoldArlen Specter, Benedict ArnoldSusan Collins, and Benedict ArnoldOlympia Snowe favoring it from the GOP side, and signed by President Obama with great ballyhoo and fanfare, received “retention payments” fork that money back over to…well, the government, I suppose.

You know what’s funny? All those Democrats voted for this bill and the president signed it into law, and only now are they finding out they voted to preserve an act they are now trying so hard to appear outraged by. Barack “I Won” Obama even called the passage of this Porkulus an “emergency” that couldn’t wait for “a moment” before disappearing to Chicago for a long weekend between Congress’ passage of the bill and his signing of it.

Whatever he was doing on that vacay, we can be sure he wasn’t reading his own emergency legislation, as he’s a shocked as everybody else who helped ram it through the system to see what was actually in there.

This episode should teach one of two valuable lessons (besides the fact that Congress simply doesn’t read what they pass, and President Obama has no idea what’s in legislation he calls “critical” and signs into law). Those lessons, as an extremely analytical fellow RedStater said in a recent email, are:

(a) A firm can take taxpayer-funded bailouts and keep on conducting business as usual, knowing there are no repercussions and there will always be more cash there for the taking; or

(b) “Public-private partnership” deals with the government, like the TARP and Porkulus, operate on something very closely approximating “Vader-in-Cloud-City rules.”

If it’s the latter that’s learned by American businesses like AIG, which is seeing rules written and signed into American law being changed by the Democratic overlords simply because, then I think we may see a whole lot fewer businesses come calling at the next Taxpayer-Funded Welfare Handout and Jugband Revival party.

Personally, I prefer that to be the long-term lesson learned from this.


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Seldom have so many

redneck_hippie (Diary) Wednesday, March 18th at 8:04PM EST (link)

feigned outrage, so often, for so much…

The fancy footwork to cover up constituency payback, continues apace.


Activists Taking Action: Unified Patriots

 

Dodd Man Walking

zarathustra57 Wednesday, March 18th at 8:12PM EST (link)

Hey, that’s a clever pun, dammit!! You didn’t think of it!

 

Doh! This one is going to leave a mark

sconklin (Diary) Wednesday, March 18th at 8:22PM EST (link)

Remind me again what the hiurry was foir to get the porkulis bill signed. I wonder what other last seoond add ins are going to surface

 

"Thrown Under the Bus"....

Skanderbeg (Diary) Wednesday, March 18th at 8:27PM EST (link)

…. has been lexically replaced with:

“Hypovehiculation”

:D

 

I can't wait for the outrage

izoneguy (Diary) Wednesday, March 18th at 8:39PM EST (link)

when Obama finds out what GM & the UAW have been doing with bail-out funds.

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

When GM (please dutifully ignore the UAW)...

roscopico (Diary) Wednesday, March 18th at 9:55PM EST (link)

…is exposed, there will be very little fanfare.

The big idea is to expose evil capitalism first, now fanny and freddy (due for bonuses as well) and by the time the sheltered workshop known as GM comes around we should be so exhausted as to not give a damn about the porkulus. Then we’ll be primed for the Obama budget.

Whew.

I’m exhausted already. 8BN$ in pork and we should be indignant at some millions? They spendocrats needed the last $410 M to fund the gov’t until September because a continuing resolution just wouldn’t do.

madness.

Im Himmel gibt’s kein Bier…

 
 

I have no idea what he just said

cookcountyconservative (Diary) Wednesday, March 18th at 8:44PM EST (link)

but he talks out both sides of his mouth faster than anyone

 

I'm with you, Jeff, and opt for Option B.

spainishirish (Diary) Wednesday, March 18th at 8:45PM EST (link)

I guess the rubber will hit the road when a corporation is forced to accept bailout funds–something distinctly possible with these left-wing loons in charge. We got a whiff of this when some in Congress bristled at Ford because it didn’t ask to be put on the dole. Even in this interview, Dodd says potential bank refusals to accept TARP money if bonuses were eliminated resulted in the draftmanship, which is to say he inserted the language to make sure some institutions didn’t go rogue and refuse the federal teat.

As I listen back through Dodd’s interview, I’m not so certain he hasn’t thrown the Obama Administration under the bus as well, perhaps inadvertently. Final thought: this poster boy for term limits oozes sleaze. I think AIG invested wisely in him and our president.

 

Ya'll need to stroll over to Ace of Spades and take a gander

janis (Diary) Wednesday, March 18th at 8:57PM EST (link)

at the comments under the post about this same thing. They are hysterically funny, even more so than usual. ( Language warning for those who haven’t been there before.) This one is not to be missed, folks.

Ace Rocks

Doc Holliday (Diary) Wednesday, March 18th at 8:59PM EST (link)

he has even front paged some of my stuff, when I go deep cover and embarrass the Kos Kidz. :)

Molon Labe!

Good for you, Doc! I've probably read some of your stuff then.

janis (Diary) Wednesday, March 18th at 9:12PM EST (link)

The Obama administration is custom made for Ace’s place, don’t you think? An unparalleled source of parody, sarcasm, and gobsmacking stupidity and incompetence.

God help us all.

Yeah, we need all the places of sanity we can get!

Doc Holliday (Diary) Wednesday, March 18th at 9:16PM EST (link)

This Obama guy is pretty slick, I am starting to understand his plan. He goes left as far as he can, then cools off a bit. He was on ESPN for over ten minutes making March Madness picks, tomorrow he will go on Leno. His numbers will go back up a bit, then he can do some more crazy left feces.

Molon Labe!

This is how they roll...

Amy Miller (Diary) Wednesday, March 18th at 10:44PM EST (link)

They prance on over to the far far left, do their dance around some asinine policy, shake their heads at the opposition, then calmly skip back towards the center and scold the Right for being obstructionists.

What I foresee happening is that those asinine policies will sneak their way back onto the docket, but since technically they’re not new anymore, Pelosi & Co. think they won’t draw as much ire from the opposition when they’re passed through as legitimate legislation.

You’re right, Doc, it is slick…and scary.

“I’m a conservative, I’m a textualist, I’m an originalist, but I’m not a nut.”
~Scalia, J.

 
 

Oh my goodness, that's an embarrassing place.

itrytobenice (Diary) Wednesday, March 18th at 9:36PM EST (link)

He is a fantastic writer; a fantastic thinker; and I’m sure a fantastic man. But I have to cut and paste and insert many asterisks any time I want to share any of his work. There’s no way I’d send my mom or aunt (or 99% of my friends) a link to that joint.

But did you see the thread about what party? There was some politician who did something wrong and of course, the media never could figure out what party the slug belonged to. The Morons tried to guess and I laughed until my sides hurt. It was within the last week if you want to go hunt it down.

Proper grammar saves lives.

Let’s eat Grandma.
Let’s eat, Grandma.


Activists Taking Action: Unified Patriots

 
 
 

Link?

sconklin (Diary) Wednesday, March 18th at 9:13PM EST (link)

ace of spades hq link

Doc Holliday (Diary) Wednesday, March 18th at 9:18PM EST (link)

http://ace.mu.nu/

Molon Labe!

 
 
 

Every day I wake up in wonder at how this administration and congress can prove themselves even more inept

Dave_in_Fla (Diary) Wednesday, March 18th at 9:20PM EST (link)

And every day, without fail, they manage to make themselves into and even larger parody of themselves. I mean you couldn’t have ASKED for more irony than Obama thanking himself because it was on the TelePrompTer.

And then I remember that they are running the country, and the depression sets in.

“If they were merely incompetent, then at least SOME of their actions would have been to the benefit of the country.” – Joe McCarthy

 

Artful DODDger pick pocketing America nt

Common_Cents (Diary) Wednesday, March 18th at 9:23PM EST (link)

Obama=Golfer in Chief, Leading from, behind, the Back Nine.
Leaders don’t create movements. Movements create leaders. Get involved. Your future depends on it.
Govt “invests” YOUR tax money for POLITICAL return rather than economic return.

 

Just Another Day on the Hill....

UpLateAgain (Diary) Wednesday, March 18th at 9:56PM EST (link)

Let me see if I’ve got this in order. Dodd and Obama are the two largest recipients of AIG political contributions. The Porculus Bill is rushed through Congress with JUST enough time taken out for Dodd to push through an amendment that will assure certain (dare I say… Democrat?) executives at AIG will get large bonuses whatever else happens. Liddy is appointed by Congress to administer AIG after the Porculus Bill is passed. He follows the law and gives out the bonuses. Obama, Reid, Pelosi, Frank, Dodd and company become “Outraged” at the people receiving the bonuses that they engineered, and call the feckless Liddy in to explain why he gave away the taxpayers’ money ( though he essentially had nothing more to do with it than a postman delivering the mail). The Dems threaten to pass a Bill of Attainder taxing the bonuses at 100% (If they managed to get that past the Constitutionality test -then they’d be able later to take anybody’s money if they din’t like them). If they can’t float the Bill of Attainder, they’ll settle for the righteous indignation of standing up for the little guy while their contributors keep the money they gave them (gotta have some for the next set of contributions!) and….
Lastly (and I’ll just bet this occurs if they DO tax the money back), political contributions (err…perhaps to Dodd and company?) will no doubt be tax deductible.

You never never never actually need a gun, until you need a gun, and then nothing else will do.

 

"I didn't negotiate with myself"

Dan McLaughlin (Diary) Wednesday, March 18th at 10:16PM EST (link)

Classic. Absolutely classic.

“No compromise with the main purpose, no peace till victory, no pact with unrepentant wrong.” – Winston Churchill

Classic case of multiple personality disorder, to be accurate.

spainishirish (Diary) Wednesday, March 18th at 10:41PM EST (link)
 

Wasn't there something about administration asking for the change.

antisocial (Diary) Wednesday, March 18th at 11:44PM EST (link)

It was President Obama paying back AIG. Geithner and Dodd are just scapegoats. And see the President ran away from Washington.

That’s the REAL thing. Stimulus was Obama’s bill. He got that loophole inserted.

Obama Doctrine – Boot On The Throat
—————————–
What is to be done?
——————————
No. You can’t – Moe Lane
——————————
The Emperor has no clothes!!!

 

Each of us should be thinking,"Gee - I should run"

UpLateAgain (Diary) Thursday, March 19th at 9:59AM EST (link)

If this bunch of incompetent and corrupt boobs can get elected and then keep their seats, it leads you to wonder why more people aren’t interested in politics.

You never never never actually need a gun, until you need a gun, and then nothing else will do.