Obama May Find Anger Over AIG Bonuses Backfires on His Agenda

[Archangel]

Obama May Find Anger Over AIG Bonuses Backfires on His Agenda


By Hans Nichols

March 18 (Bloomberg) -- President Barack Obama’s attempt to harness
public anger over bonuses paid by American International Group Inc. may
backfire on him as Republicans try to redirect that anger toward his
administration.
Obama’s spokesman yesterday was forced to defend Treasury Secretary
Timothy Geithner and the administration’s response against attacks by
Republican lawmakers, some of whom threatened to block any more bailouts
of struggling companies.
The public furor over the $165 million in bonuses AIG handed out to
employees gives administration critics a new weapon to thwart Obama’s
agenda, from his budget to plans for financial-market regulation. It’s
also sparking a new round of legislative proposals to penalize -- and
potentially tax -- executives who receive bonuses at rescued companies.
“Two weeks ago, the president’s spokesman said they were confident that
they knew how every dime was being spent at AIG,” House Republican
Leader John Boehner of Ohio told reporters yesterday. “They didn’t know
what they were talking about,” Boehner said.

http://www.bloomberg.com/apps/news?pid=20670001&refer=worldwide&sid=aXZwBisa10zk

CHANGE YOU CAN COUNT ON!!

ARCHANGEL

[Reverend Billy Bobby]

Post by Archangel
Obama May Find Anger Over AIG Bonuses Backfires on His Agenda

Bush loved this country. He loves this country!?! If what he did to this
country was love, we were really lucky he didn’t hate it.

[Jerry Okamura]

Post by Reverend Billy Bobby

Post by Archangel
Obama May Find Anger Over AIG Bonuses Backfires on His Agenda

Bush loved this country. He loves this country!?! If what he did to this
country was love, we were really lucky he didn't hate it.

Following Obama's playbook I see. Read the first paragraph of what was
posted.

[Ashley22]

Post by Archangel
Obama May Find Anger Over AIG Bonuses Backfires on His Agenda
By Hans Nichols
March 18 (Bloomberg) -- President Barack Obama’s attempt to harness
public anger over bonuses paid by American International Group Inc. may
backfire on him as Republicans try to redirect that anger toward his
administration.
Obama’s spokesman yesterday was forced to defend Treasury Secretary
Timothy Geithner and the administration’s response against attacks by
Republican lawmakers, some of whom threatened to block any more bailouts
of struggling companies.
The public furor over the $165 million in bonuses AIG handed out to
employees gives administration critics a new weapon to thwart Obama’s
agenda, from his budget to plans for financial-market regulation. It’s
also sparking a new round of legislative proposals to penalize -- and
potentially tax -- executives who receive bonuses at rescued companies.
“Two weeks ago, the president’s spokesman said they were confident that
they knew how every dime was being spent at AIG,” House Republican
Leader John Boehner of Ohio told reporters yesterday. “They didn’t know
what they were talking about,” Boehner said.
http://www.bloomberg.com/apps/news?pid=20670001&refer=worldwide&sid=a...
CHANGE YOU CAN COUNT ON!!
ARCHANGEL

It's not the fault of the demos as a whole as there are many of them
who are now quesationing Obamas agendas and wether it was such a wise
thing to put him in office.There is no way that anyone can convince me
that the powers that allowed this to happen didn't know it'You have to
know that research is done to make sure that there are ni legal
loopholes that allow this sort of practice to happen yet they
did.Which makes me wonder how many of those in the admin and the
senate and congress have interests and or large shares of stock in
many f these company's.AIG is not the only one guiklty of this
practice yet they are being singles out.They need to go after all the
others that benefited like wise from bail out handouts

[Ashley22]

Post by Archangel
Obama May Find Anger Over AIG Bonuses Backfires on His Agenda
By Hans Nichols
March 18 (Bloomberg) -- President Barack Obama’s attempt to harness
public anger over bonuses paid by American International Group Inc. may
backfire on him as Republicans try to redirect that anger toward his
administration.
Obama’s spokesman yesterday was forced to defend Treasury Secretary
Timothy Geithner and the administration’s response against attacks by
Republican lawmakers, some of whom threatened to block any more bailouts
of struggling companies.
The public furor over the $165 million in bonuses AIG handed out to
employees gives administration critics a new weapon to thwart Obama’s
agenda, from his budget to plans for financial-market regulation. It’s
also sparking a new round of legislative proposals to penalize -- and
potentially tax -- executives who receive bonuses at rescued companies.
“Two weeks ago, the president’s spokesman said they were confident that
they knew how every dime was being spent at AIG,” House Republican
Leader John Boehner of Ohio told reporters yesterday. “They didn’t know
what they were talking about,” Boehner said.
http://www.bloomberg.com/apps/news?pid=20670001&refer=worldwide&sid=a...
CHANGE YOU CAN COUNT ON!!
ARCHANGEL

Well it certainly has gotten a lot of people mad at him thats for
sure.The thing is that he and his admin knew all about this before it
ever happened yet did nothing to prevent it when they could have.The
treasury department are the ones who worded the bill so it would allow
this to happen.Although I don't see why AIG is being singkled out as
every other comapny that has recieved bailoy money have dodne the
exact same thing