The leftist lies of Kos - FOX News Smear: Dodd's Amendment Did Not Allow AIG Bonuses

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In the alternative universe that is the world of the fringe leftist nutjob, fringe leftist nutjobs in government are inherently incapable of doing any wrong.

Likewise, anything that FOXNews reports on the utter incompetence of any fringe-leftist nutter is automatically wrong, and automatically a smear.

Thus, a total leftist bubble headed whack job puked this series of lies out on Kos yesterday:



Story Updated.

FOX News Smear: Dodd's Amendment Did Not Allow AIG Bonuses
by boloboffin

Tue Mar 17, 2009 at 10:06:08 AM PDT

Fox Business on the case:

While the Senate was constructing the $787 billion stimulus last month, Dodd 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 now seeking to tax.

Of course, this is going all over the conservative blogosphere.

Yet the actual text of Dodd's amendment concerning executive compensation doesn't have this February 11th exception in the text.

boloboffin's diary :: ::

So the question is right now, where did the exception come from?

It may yet have come from Dodd, but Fox Business did not source its assertion that this language came from Dodd. I'll keep looking into this.

Update #1: The bill passed the Senate on February 10, 2009. So I'm expecting the February 11 date to have more to do with that passage than any boondoggle for AIG.

Update #2: The amendment as described by Dodd at his website doesn't include this February 11 language either, but it wouldn't. Again, the amendment he submitted and that was passed (Amendment 354 to H.R.1 and Amendment 98) didn't have that language in there.

I do see, however, that Amendment 98 was withdrawn. Perhaps that will tell where the language eventually showed up.

Update #3: The bill passed the Senate on February 10th. It did so as a substitute amendment (570) to the original bill, submitted by Susan Collins. That means that the amendment calls for everything in the actual bill to be struck out and the text of the amendment inserted. It was this bill that passed the Senate on February 10th.

The exception for bonuses before February 11th, 2009 is NOT THERE. Senator Dodd's section on executive compensation is there.

Update #4: Accordingly, I changed the title to be more definitive.

That means this language was inserted during the reconciliation process. But Senator Dodd did not insert this language up to this point.

Update #5: FWDude below finds the names of the conferees for me. From the House: Obey, Rangel, Waxman, Lewis (CA), and Camp. From the Senate: Inouye; Baucus; Reid; Cochran; Grassley.

Dodd's name is conspicuously absent. And the text grandfathering in bonuses made before the date of the House-Senate conference (February 11, 2009) is in the conference report. So this is the group that put that in. There is no indication whatsoever that Chris Dodd had anything to do with this clause. Once again, Fox News is pumping out a malicious smear based on shoddy research, and people like Michelle Malkin are pumping it mercilessly.

Consider this right wing lie debunked.

Update #6: A more concise version of this information is cross-posted at the Smirking Chimp.


Update #7: Another diarist points out that it's not Dodd but a group of top Democrats from the House and the Senate doing this. Not so. There were four Republicans among the conferees -- Charles Grassley, Thad Cochran, Jerry Lewis, and Dave Camp. We have no information on who insisted on this language.

I'm happy to let the fault lie where it belongs, but there's no reason but rank partisanship right now to say it was a Democrat, and an outright lie to say it was Chris Dodd.

Tags: Chris Dodd, AIG, Fox Business, TARP, executive compensation (all tags) :: Previous Tag Versions

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Events today, of course, proved this leftist moron completely and utterly.... wrong.

First of all, like most leftists, this moron simply didn't know what he was talking about.

He saw the source (FOXNews) and his Pavlovian response was "LIE!" and everything that followed after that was designed to completely support his pre-ordained conclusion.

He, typically, overlooked a few things:

First, Sen. Dodd was the number one campaign donation recipient from AIG at over $100,000 for the 2008 cycle. He was followed closely by the empty-suited moron now occupying the White House, then Sen. Obama, who had ALSO received $100,000 plus.... from AIG.

Second, Sen. Dodd's corruption is well known. One need go no farther then Dodd's own mortgage to see what a corrupt individual he is.

Third, Dodd's a democrat.

Of course, Dodd's initial response was typical of corrupt politicians of all stripes, but especially those tax-dodging scum that the messiah has appointed... or at least tried to appoint. And that is to "deny, deny, deny."

The problem is that to be a leftist worker bee is to admit to gullibility and political ignorance. For, if one was not possessed of those virtues, one would not be an Obamaton... and one would actually be able to think for one's self.

Now, the news flew all over today that Dodd finally quit lying and fessed up.

BREAKING: I was responsible for bonus loophole, says Dodd

Posted: 05:56 PM ET

Dodd told CNN Wednesday that officials in the Treasury Department asked him to add the bonus loophole to the stimulus bill before it was passed."

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Sen. Dodd told CNN Wednesday that officials in the Treasury Department asked him to add the bonus loophole to the stimulus bill before it was passed.

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WASHINGTON (CNN) — Senate Banking committee Chairman Christopher Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses.

Watch: I'm responsible for bonus loophole, Dodd says

On Tuesday, Dodd denied to CNN that he had anything to do with the adding of that provision.

Full story

Filed under: AIG • Chris Dodd • Popular Posts

So, in the face of the now completely overwhelming evidence that these people WILL be able to keep their bonuses as a DIRECT RESULT OF DODD'S AMENDMENT, I went back to this moron's post to see if HE had acknowledged what a blithering idiot he was.

You know... to admit he was wrong... to say, "you know, I blew the call. I let my complete lack of judgement get in the way, and I made the wrong call. Dodd sold us out, and he needs to pay the price for it," or some such.

It was far too much to hope for, but then bizarre concepts like "truth," and "character" and "integrity" really don't have all that much place on the Kos site, so I suppose I shouldn't have been surprised.

I will also point out another couple of factoids this idiot left out:

One: Dodd is responsible for MAKING SURE HIS AMENDMENT, the phantom February 11 date, if it existed, was ACTUALLY IN THE BILL.

Two: He couldn't do that, of course, because the morons running Congress and that disgrace living in the White House WOULDN'T GIVE US TIME TO READ OR ANALYZE THE BILL.

Three: If THIS proverbial turd is floating around in the porkulus punch bowl... what ELSE is in their, waiting to blow up like a Sadr City IED?

Left wing hatred can be a cancer if you allow it to grow. And stupidity by this clown and those in his A-men choir are why fringe-left nutjobs are so dangerous to this country.

Courage and integrity would have enabled this leftist clown to admit he was wrong, and to make it right by updating those who googled over to his "diary" by telling the truth.

But this nutter couldn't even do THAT, because once it turned out that the lying scum, Dodd, actually WAS guilty and HAD lied yesterday... this waste of skin couldn't find the time to do... well... Update #8.

It's difficult to adequately express the irony of this idiot complaining about a FOXNews "smear," when you consider the garbage he babbled just yesterday.

I guess lying about those who disagree with you is perfectly OK... if you're a leftist.

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