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Thursday, March 19, 2009

...Pants on Fire

And the Democrats said the Republicans couldn't be trusted. This really puts the GOP in the bush leagues.

Sen. Dodd Admits Adding Bonus Provision to Stimulus Package - First 100 Days of Presidency - Politics FOXNews.com:

'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.

'As many know, the administration was, among others, not happy with the language. They wanted some modifications to it,' he said. 'They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous.'

But the provision has become a flash point for criticism amid the controversy over $165 million in bonuses given out by AIG after securing more than $170 billion in federal aid. The language in the stimulus bill wasn't specific to AIG, but some have expressed outrage that it appears to have created a loophole.

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

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