One day after saying he had no idea how the “Bonus Loophole” ended up in the Stimulus bill, CNN uncovers that in fact Chris Dodd’s staff wrote the loophole in an amendment to the Stimulus Bill that allowed the AIG bonuses to be paid. It’s more than just an embarrassing moment for Dodd, it’s another broadside to his re-election bid.
The interview which just aired was an embarrassment. Dodd was forced on live TV to backpedal on his previous comments that he had nothing to do with the bonus loophole. And in the process he fingers the Treasury department as the force behind the loophole. That’s Geithner and that’s Obama. Feigned outrage!
His reasons for making the changes, at the behest of Treasury, are certainly plausible. So why did he not say that yesterday, and why should we believe him until we hear from Treasury? And why does this not damage his credibility on everything? And if it is true, then Geithner and Obama both knew about these bonuses and now are just playing the populist part.
This whole thing stinks and it started with feigned outrage and a lie!
Update: The real outrage is spreading. Make sure you check out Ed Morrissey’s take at Hot Air and make sure you read comments from folks around the country.
In other words, Dodd lied. He spent a full day lying to the American people, and now he’s trying to shift blame to others. He and his pal Barney Frank want to publicly name the people who received the bonuses authorized by Congress and this administration in an attempt to deflect blame for their own actions.
If Dodd had a shred of honor, he’d resign. If he had a shred of honor, though, we wouldn’t be in this mess.
Once again … it’s the lie that will cost the Senator more than his “Bonus Loophole”.