Mike
Lv 5
Mike asked in Politics & GovernmentPolitics · 1 decade ago

Do you think it's fair for Congress to renig on the bailout bill?

Senator Dodd amended the bill so as to allow any payments that were promised executives prior to passage of bill. Now he's demanding that those payments (bonuses) not be paid with great indignation. Is he a hippocrite?

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  • Anonymous
    1 decade ago
    Favorite Answer

    Dodd is the original, definitive, epitome of Washington insider, two faced, scrambling to make amends (in an attempt to cover his complicity), help himself to heaping portions of everything, elitist, greedy, scumbag (worst of the worst) Politician.

    The good news is he has some competition in his upcoming election. He's not a "shoe-in" this time, and he knows it.

    THAT'S what this act is all about !

    Otherwise he'd just sit around smug, jaded and superior without a conscience ... as he has his entire career so far.

    Don't you just want to put your (gloved) hand on his head and muss his hair up?

    Here's his list for campaign donations. Notice any in the TARP, and other bail-outs? Any that went belly up?

    Citigroup Inc - $314,694

    SAC Capital Partners - $282,000

    United Technologies - $263,000

    Royal Bank of Scotland - $229,950

    American International Group (AIG) - $224,678

    Bear Stearns - $205,600

    St Paul Travelers Cos. - $205,400

    Goldman Sachs - $175,600

    Morgan Stanley - $155,000

    Credit Sulsse Group - $154,550

    Merrill Lynch - $135,950

    Lehman Brothers - $133,800

    JPMorgan Chase & Co - $129,650

    KPMG LLP - $113,100

    Hartford Financial Services - $110,450

    General Electric - $108,250

    Deloitte Touche Tohmatsu - $108,000

    UBS AG - $101,200

    The Hartford - $94,350

    Bank of America - $91,300

    Notice the conflict of interest, being Chairman of the Senate Banking Committee? (and their insurers)

    This guy is as dirty as they come. He got a cool 3-Mill for selling us out.

    Politics, oh goody.

  • Erika
    Lv 4
    4 years ago

    for 6 out of the previous 8 years the Republican congress has been an hassle-free rubber stamp for something Bush needed. Congress is now, for the previous twenty months had a one vote majority of Democrats, rather no longer able to overturn the twelve vetoes that Bush has executed, earlier, while the Repubs have been interior the common public there have been no Bush vetoes in any respect. the explanation there is not any bailout is by technique of the fact its going to be bipartisan or no longer something. The Democrats do no longer prefer to be saddled with having to sparkling up the mess made in the process the deregulation years, and getting blamed for what its going to fee, the Repubs might very very reminiscent of to pin this absurdly on the Democrats, regardless of in the event that they could desire to pass decrease back to Clinton back as its origins. Its like they did no longer exist for twelve out of the final fourteen years, do no longer forget, they have been interior the common public for the final 4 years of Clinton too. The Democrats do no longer carry a veto data majority, they don't have everywhere close to 2 thirds thats mandatory.

  • meg
    Lv 7
    1 decade ago

    If congress had acted fairly there would be no bonuses because AIG would by bankrupt and the contracts would not be paid. However they should have known they were dealing with a corrupt organization ad demanded the contracts be canceled as they did with for the auto companies. There is nothing fair about the bailout even though it is probably necessary to save the economy.

  • Anonymous
    1 decade ago

    No, but it is to be expected. Dodd is trying to do some fast talking about the provisions of the bill.

    The people we elect to run the nation's business don't have a clue about what they are doing. It's like the stimulus package: very few, if any, read the bill in its entirety after it went through all the amendments. They don't really know what is in there and if that happend for that bill how many others have been passed based on the bill's title alone? They have really gotten out of control.

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  • SuzyQ
    Lv 5
    1 decade ago

    Yes, Dodd is a total hypocrite. I don't want those bonuses paid, though. Hopefully people will see Dodd for who he is and, in time, vote him out of office.

  • Rob
    Lv 4
    1 decade ago

    Don't forget that Dodd was the single largest recipient of donations from AIG the last election cycle. Not only is he a liar and a hippocrite, he doesn't stay bought.

  • 1 decade ago

    I believe that Dodd should be held accountable and be forced to resign. He admitted live on CNN that he was involved with this outrage:

    http://www.associatedcontent.com/article/1575503/c...

  • 1 decade ago

    Hurry hurry hurry step right up Obama's big top is about to begin,man it's been almost two months and these jerkoffs haven't done squat they can't seen to get anything right/man see ya in washington this summer for the million voter march to impeach Obama and put a stop to this madness////

    Source(s): The end is near//
  • Anonymous
    1 decade ago

    Aint that always congress's way? only do the right thing AFTER the news gets out & the public gets mad.

  • Anonymous
    1 decade ago

    Not only is it unfair it is illegal for government to have any input into private contracts.

    This could have and should have been gone over before the funds were given to AIG.

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