ObamaOdrama

Treasury Secretary Tim “Turbo Tax” Geither is expressing our outrage at AIG with the next $30 billion in government(?) assistance due soon minus a couple bucks.

Here is a portion of the FoxNews report:

Acknowledging “considerable outrage” about the bonus payments, Geithner said AIG will pay the Treasury an amount equal to the payments, and the Treasury will deduct that amount from the $30 billion in government assistance that will soon go to the company.

“We will impose on AIG a contractual commitment to pay the Treasury from the operations of the company the amount of the retention awards just paid,” Geithner said in a letter to congressional leaders.

That’ll teach them… right?

The U.S. Census Bureau has enlisted the Association of Community Organizations for Reform Now, ACORN, to help with next year’s census counting.

ACORN has an interesting history of voter fraud but you may better recall them being investigated in numerous states during the last presidential election cycle for massive voter registration fraud. Some of the noteable fraudulent voter registrations included fictional cartoon characters, inmates, and the Dallas Cowboys starting line-up in Nevada.

Despite Obama trying to distance himself from the past, I guess history is hard to ignore?

In response to the recent outrage over the AIG “bonusgate” the capital triad consisting of Tim “Turbox Tax” Geithner, Chis Dodd (D-Conn.), and Barney Frank (D-Mass.) were dispatched to show the American people that the government was all over this mess.

Now with the AIG crisis clearly behind them, Obama wasted no time telling Americans how irresponsible it would be not to support his $3.6 Trillion budget proposal, the largest in history. With the ink still drying on the $800 billion stimulus package he signed in February, Obama said his budget was an economic blueprint for “real growth and real prosperity.”

Responding to critics who argue he should focus on fixing the banking crisis and that his plans are too ambitious, Obama was confident that his team largely responsible for the very economic crisis we face could free up frozen credit and get people working again, allowing him to focus on the real economic recovery.

Further he added:

“To say that… uh, they say that… uh, in the face of challenges… uh, that we face… we should in be trying to do less than more, what I say is the challenges we face are too large to ignore.”

Yes, Obama, they are too large to ignore but I’m sure you’ll try to change that.

Senator Chris Dodd (D-Conn.) claims being told about the controversy last week. That I can believe but the question is did the senator know about the bonuses before then.

Rich Edson from Fox Business reveals:

Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9643, 0.1842, 23.61%) bonus recipients so the government could recoup the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.

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.

Thanks, senator… you’re really looking out for us aren’t you.