Two Weeks Ago: White House Says It’s Confident It Knows What Happened to Previous AIG Billions

Its all Bushes fault.

They also said they vetted Geithner until they found out he didn’t pay all his taxes.
I smell a very bad trend in the Obama not really administrating so much as Overlooking White House.

When I wake up and read the New York Times, I’m confidant I know as much about what’s going on as the Obama Administration. The difference is: I don’t stop with the New York Times.

Oh Paleeezeee!! Give it a rest. And I suppose McCain would have done better?
Posted by: Styx09 | Mar 16, 2009 5:33:13 PM
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HRC certainly, 100% sure, would have done better than this phony.

Jake,
Thanks for some increasingly rare pointed journalism. I’m afraid, however, that the next row of seats removed from Air Force One may include yours.
Thanks, too, for the Twitters.

Yes – ANYONE could have done a better job than obama. They warned you about on the job training and this is TERRIBLE. This is the worst job any new president has ever done. The obama administration and obama himself are embarrassing the American people with their incompetence. We are the laughing stock of the whole world because of this clown show in Washington. Please put us all out of our misery and step down, obama. Stop putting in frauds, tax cheats, and liars in OUR government. Do what you said you would do: LOWER OUR TAXES not just give us tax credits. QUIT LYING TO THE AMERICAN PEOPLE for God’s sake!!!

I assume that you are referencing the bonuses that haven’t been paid yet; correct?

Obama lies about leaving Iraq too. 50,000 troops remaining is not an end.
Obama lied about healthcare too. Now he wants to tax them. Which is what he accussed Hillary of doing.
Rush Limbaugh….smoke and mirrors of Jimmy Carter Obama II.

Looks to me like the left hand doesn’t know what the right hand is doing in this administration. It would be comical if it wasnn’t costing us our country.

This is shaping up to be the “lyingest” administration since Clinton, and that’s saying a lot!

This is shaping up to be the “lyingest” administration since Clinton, and that’s saying a lot!
_____________________________________
By all means, please give us specifics. Obama’s quotes with accompanying information to support your accusation.

Jake
You’re going to end up in the Santelli/Cramer/Limbaugh pool soon. Gibbs loves continuing the campaign.
Keep up the great work!

This is shaping up to be the “lyingest” administration since Clinton, and that’s saying a lot!
Posted by: MissButterfly | Mar 16, 2009 6:44:06 PM
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MissButterfly,
Let’s get this straight. Clinton never lied what his administration did, things that matter to the people. He brought about 8 years of unprecedented prosperity and peace in the history of this country. You should be grateful, and ought apologize for your unfamilarity of history.
His problem with the definition of sex is really none of your or anyone else’s business, except those involved.
0bama, on the other hand, is clueless, as clueless as G W Bush was.

And this administration wants to do “HEALTH CARE”?
(singing) Happy days are here again…….

And this administration wants to do “HEALTH CARE”?
(singing) Happy days are here again…….
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Too bad that our press could not point out that not 1 cent came from Tarp 1 or Tarp 2, or the Stimulus Bill. All the money that AIG has recieved so far came from a law made in something like 1932. This money was allocated last Sept-Oct time frame.
Tarp1 came with some authority to control this and Tarp two has greater Authority. Unfortunately tthey did not reciebve mone under these.

American Infidel, speaking of “healthcare,” The American Legion has expressed its disappointment in President Obama’s plans to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries. This is an outrage! Some injuries could likely exhaust the maximum lifetime insurance coverage limits leaving the families without any insurance coverage. This will result in a drastic drop in re-ups and volunteers. This will force Congress to reinstate the Draft. But even more importantly, this is nothing more than an attempt to force private insurance companies out of business so President Obama and the Democrats can implement their goal of a fully government-run healthcare system.

James Danley – The American Legion has praised Obama on far more than it has disagreed with Obama. In addition, military recruits are exceeding quotas by a long shot. Some as much as 150%. You may have a valid point on healthcare, but it’s too early to tell so the fear tactic is a bit extreme. Obama has been one of the biggest champions for veterans benefits and he will do right by them.

Ranger, fear tactic?? The following is a quote from Commander David K. Rehbein of The American Legion: “It became apparent during our discussion today that the President intends to move forward with this unreasonable plan. He says he is looking to generate $540-million by this method, but refused to hear arguments about the moral and government-avowed obligations that would be compromised by it.”

James – yes, fear tactic. VA Secretary, Eric Shinseki says the proposal is “under study”. You draw some pretty strong conclusion for a policy “under study”.
As for Rehbein, he can’t seem to say anything without it carrying a dramatic or catastrophic tone – Here’s another example on another topic:
“National Commander David K. Rehbein of the American Legion strongly responded by saying, “”There is nothing to discuss. Photographing the caskets containing the remains of men and women who have made the supreme sacrifice on behalf of our country and its freedoms is little short of sacrilege.”

This only proves you are part of the problem not the solution. You took his yes answer at face value while a blogger exposed the aig bonus story…then the washington post quote broke the story. Thank you again bloggers for getting the truth

Are We Taxpayers – Or Suckers?
If you voted for Obama your one of them Suckers that dragged the rest of America into the biggest mistake ever. YOU HAPPY NOW.

Are We Taxpayers – Or Suckers?
If you voted for Obama your one of them Suckers that dragged the rest of America into the biggest mistake ever. YOU HAPPY NOW.
Posted by: omen
+++++++++++++++++++++=
There is a sucker born every minute

sucker
n 1: a person who is gullible and easy to take advantage of

1. There was a contractual obligation for AIG to pay them. However, this is not contractual obligation for the AIG con-men to take them. Can’t we shame them into not taking them?
2. What is the journolist? Who is on it? Is it a secret left wing cabal? Why is the MSM silent?

Also, It’s only a tenth of a percent. This in the context of a huge economic emergency of which these bonuses comprise a hundredth of a percent. Sure, I wish that AIG was more honorable and forthcoming, but the Obama people are humans. Not focusing on economic issues down to the tenth of a percent is not indication of idiocy or carelessness, but being really busy and understanding that there are a lot of really important things going on.

So, Gibbs really didn’t answer the question, did he? And the reason why is that he could not definitively answer “Yes” because he would be outright lying.

I see the White House is lying to the American people…again!

If I worked for AIG I would quit my job after I received my bonus.
Let Obama come in and make AIG profitable.
LOL.

The duplicitous behavior of the Obama Administration has only begun to be exposed, and we’re at the tip of the iceberg (imagine if all journalists, when not snarking on their private “JournoList” listservs with each other and with various Democrats in government, actually acted like Jake Tapper and did their jobs!)
From reversing campaign promises on an almost daily basis, to chiding economic rhetoric from McCain that Obama then uses as a talking point, to his desire to preserve the public funding of elections while not actually doing it himself as promised, to the horrible vetting and installation of serial liars and tax cheats in his administration, to the flurry of withdrawn nominees for various scandalous reasons, to the focus on a radio talk show host as the world burns, to the blatant fearmongering and down-talking of the economy until his approval numbers start ticking down with the stock market that elicit a 180 reversal on rhetoric (or at least until his bill gets passed), etc.
And we’re not even out of the first 100 days yet.
If you thought Clinton was bad, you ain’t seen nothing yet, America.

“While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009,” which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.
Also, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.
Dodd’s office did not immediately return a request for comment.”
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Lots of outrage over something most of DC already knew about for a long time.
Bipartisan…

It was all so apparent to anybody wanting to look..
Obama:
“Unprepared to be the FIRST, Rushing to be the WORST!”

Obama became outraged when the polls showed that WE are outraged. How convenient.
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ctmom,
This was Al Gore’s M.O. It why he was always “re-introducing” himself to America. He was all about get a poll, then formulate a thought.

“Pity, it’s too late even for buyer’s remorse.”
It’s not too late — in fact, the time is ripe — to impeach The CHANGEling for looting the Treasury — all it takes is a new House, made up of party-free independents who aren’t beholden to the mob and the corporations.
Dis-electing a bunch of faux “Democratic” and “Republican” reps may finally be possible.

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Treasury Secretary Timothy Geithner and White House economic aide Lawrence Summers failed to stop Senate banking committee chairman Chris Dodd, D-Conn., from adding to the stimulus bill stricter limits on bankers’ bonuses than the White House wanted.
Dodd argued that the restrictions were critical to gaining public support for more funding for the ailing financial sector, saying that the perception that executives were getting rich on bailout money would be an impediment.
Under the administration’s proposal, compensation restrictions applied only to banks that receive “exceptional assistance” from the government. Top executives could be paid no more than $500,000, with bonuses or other compensation coming as stock that could only be claimed after the federal money had been paid back.
The bill passed by Congress set executive bonus limits on all banks that receive bailout money. The amount of assistance will determine the number of executives affected, though top executives will be prohibited from getting bonuses or incentives except as restricted stock that vests only after bailout funds are repaid. Amounts also can be no greater than one-third of the executive’s annual compensation.
The prohibition would not apply to bonuses that are spelled out in an executive’s contract signed before Feb. 11, 2009.
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So Dodd put MORE in there than Obama wanted, AIG found discovered they could honor those pre-2/11 contracts and did so! Hmm, As others have said, nice acting…..
“And the Oscar goes to Barrack Obama for his great performance of showing anger after the American people expressed theirs”
By the way, was there ever a definiton for “exceptional assistance” provided by the administration?

How do you think this would have played out if the Republicans had supported this mess? Maybe, Obama will blame the three Republicans who voted for the bill now.

I believe all thinking taxpayer citizens are getting totally fed up with Barack (from Chicago), the green horn president “who won”. This clears the field for anything he and Imanuel can think up, put through congress, and pay back the groups who pushed his election. Obama is running AIG since they took the money, the administration is calling the shots. The MSM is on the fix also and that is why no matter which outlet you listened to on 3/17, they were in lock step, “Obama, Congress,(put in your own politican name) and it was the same message no matter which station you listened to. Decoys, to hide the billions AIG funneled on into European banks, ala Presiden B.H. Obama.

Obama didn’t inherit anything that he didn’t help create. Sure, Bush spent a lot on the war effort, but Obama has already doubled the national debt. Neither party has the filberts to force banks to swallow their bad assets, so we take it up the back tunnel.
Banks and megacorporations pay off politicians on both sides of the aisle with massive campaign contributions, so congress takes care of their big contributors before they even think of the little guy.
If there was ever a time for a taxpayer revolution, that time is NOW!!!
Let the people not waste this crisis!! Throw the crooked bums out, and rewrite the rules so lobbyists NEVER AGAIN take this much power from the people!

Our government is acting like it is a Venture Capital firm with unlimited resources. Let’s print up some more money, increase tax revenue and try some things out. Let’s not do any TRUE due diligence as to whether investing OUR money in these companies is a good investment, because there are no consequences for them if it doesn’t work out. They’ve got no SKIN in the game so to speak, it’s all ours!
All this backpedaling on NOT knowing about the bonuses makes me so sick and angry that I’m embarrassed for America.
The amendment to the bill that enabled these retention bonuses to be paid was negotiated by our Congress (Dobb, Pelosi, Reed, etc…). Dobb and others giving AIG execs the exemption they needed to collect these massive multi-million dollar bonuses and then walking away. Obama signed off on it. Paying off those who contributed to them.
Tell me honestly, what has changed about politics in Washington since Obama has arrived. These disgusting practices are more rampant than ever!
To the people who are saying, well at least Obama and the Democrats are trying to find out how the money is being spent, wake up already! Are you really that stupid?
I believe all of them (Congress, Obama, AIG) should be brought up on charges of fraud because that’s exactly what this is. The people of this country have just been duped for the largest amount ever, makes Madoff’s scheme look like childs play.

As a conservative I’m not suprised at this mess they have now. Bush wasn’t the best pres we’ve had but this idiot BO is going down in history as one of the worst ever.