Wednesday, March 18, 2009

Dodd was for AIG bonuses before he was against them

Democratic Sen. Chris Dodd of Connecticut, the corporate crony who is the largest recipient of AIG donations, is now leading the charge to tax the retention payments in order to recoup the $450 million the company is paying to employees in its financial-products unit.

But Dodd, it turns out, was for protecting AIG's bonuses before he was against them.

Fox Business reporter Rich Edson pointed out that during the Senate porkulus negotiations last month, Dodd successfully inserted a teeny-tiny amendment that provided for 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.

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