The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Dodd lied – CNN and Fox all over him. Geithner lied – elite media getting wise.

Posted by iusbvision on March 19, 2009

Update – Newt Gingrich and others are confirming that Treasury and Geithner knew about the bonuses in November. The lies are unfolding fast.

Senator Chris Dodd told CNN that he knew nothing about inserting the provision to specifically allow the AIG and other bonuses and as we reported yesterday Dodd has taken massive amounts of cash from AIG and so has President Obama.

Now that the evidence is out, Dodd tells CNN that he was responsible for the language, but Treasury (Tim Geithner) told him to do it.

Now it has come out that Geithner knew about the bonuses 10 days before he said he knew about them. It looks like he is busted too.

Fox News– Sen. Dodd Admits Adding Bonus Provision to Stimulus Package.

In a dramatic reversal Wednesday, Sen. Chris Dodd, D-Conn., confessed to adding language to a spending cap in the stimulus bill last month that specifically excluded executive bonuses included in contracts signed before the bill’s passage.

Dodd told FOX News that Treasury officials forced him to make the change.

 On Tuesday, Dodd told FOX News that he didn’t add the exemption. 

Video: CNN telling GOP leader that Dodd claimed the porson who put the language in is a mystery

CNN’s video and transcript of Sen. Dodd caught flat out in the lie heard round the world at Hotair.com – LINK

Time Magazine and Hotair.com – “Treasury [Geithner] knew about AIG bonuses 10 days sooner than thought” – LINK

Instapundit:

CHRIS DODD spills the beans.

UPDATE: Dodd Facing Fresh Political Firestorm.“Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the controversial provision.”

The country’s in the very best of hands. . . .

ANOTHER UPDATE: Stephen Spruiell;“Look, it’s hard to have any sympathy for Dodd – the sweetheart mortgage deals, the Irish cottage, the self-righteous grandstanding, etc. And as for the policy at hand, I agree more with Geithner and Summers than Dodd. But as for the politics, this AIG thing is blowing up in Obama’s face, and it looks an awful lot like his administration is trying to make Dodd the fall guy. I’m not so sure Republicans (or conservatives) should help.”

Plus this:“Ed Liddy sized up this situation when he got to AIG and came to the conclusion that the best course for taxpayers and for the financial system was to pay the bonuses. This gets back to something I wrote earlier: If Obama disagrees with Liddy’s decision, he should either A) fire Liddy, or B) fire the guy who hired Liddy (Tim Geithner). What he should not do is go along with this Kabuki outrage, in which official Washington pretends it had no idea that big financial institutions – especially failing ones – might need to keep paying their top employees competitive salaries.”

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