{"id":1695,"date":"2009-03-17T14:32:31","date_gmt":"2009-03-17T18:32:31","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=1695"},"modified":"2009-03-17T14:34:57","modified_gmt":"2009-03-17T18:34:57","slug":"the-hits-keep-coming-chris-dodd-was-for-aig-bonuses-before-we-was-against-them","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/17\/the-hits-keep-coming-chris-dodd-was-for-aig-bonuses-before-we-was-against-them\/","title":{"rendered":"The Hits Keep Coming: Chris Dodd Was For AIG Bonuses Before He Was Against Them"},"content":{"rendered":"

From Fox Business<\/a> (emphasis mine):<\/p>\n

Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG<\/a>: 0.9194, 0.1393, 17.86%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.<\/p>\n

The move represents somewhat of an about-face for the Senator.<\/p>\n

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an \u201cexception for contractually obligated bonuses agreed on before Feb. 11, 2009\u201d — which exempts the very AIG bonuses Dodd and others are now seeking to tax.<\/strong><\/p>\n

The amendment made it into the final version of the bill, and is law.<\/p>\n

Separately, Sen. Dodd was AIG\u2019s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.<\/p><\/blockquote>\n

I’d laugh but this isn’t funny… This whole faux outrage over retention bonuses at AIG is nothing more than an attempt to distract us from Obama’s falling poll numbers and asinine proposals like this<\/a>.<\/p>\n

As a resident of Connecticut all I can say about Chris Dodd is\u2026 May the curse of Mary Malone and her nine blind illegitimate children chase him so far over the hills of Damnation that the Lord himself can\u2019t find him with a telescope.<\/em> The man is an embarrassment to the good people of this state.
\n<\/em><\/p>\n

H\/T: Michelle Malkin<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

From Fox Business (emphasis mine): Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9194, 0.1393, 17.86%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[128,521,164],"class_list":{"0":"post-1695","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-aig","9":"tag-bonuses","10":"tag-chris-dodd","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-rl","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1700,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/19\/chris-dodd-was-against-aigs-bonuses-before-he-was-for-them\/","url_meta":{"origin":1695,"position":0},"title":"Chris Dodd Was Against AIG’s Bonuses Before He Was For Them???","author":"Jeff","date":"March 19, 2009","format":false,"excerpt":"It's getting so you can't follow the twist and turns in the AIG retantion bonus kerfufle without a map... It now looks like Chris Dodd was against the bonuses before he was for them but now he's against them: For a while, the disappearance of an executive bonus restriction from\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1789,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/24\/chris-dodds-wife-paid-by-aig-subsidiary\/","url_meta":{"origin":1695,"position":1},"title":"Chris Dodd’s Wife Paid by AIG Subsidiary???","author":"Jeff","date":"March 24, 2009","format":false,"excerpt":"Chris Dodd had an Op Ed in \"Dodd: Setting the record straight\" in this morning's News Times... Unfortunately, the piece doesn't seem to be on their web site so I can't link to it... Regardless the timing couldn't have been worse since Sen. Dodd is likely to face new questions\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1766,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/22\/ap-dodds-stock-with-voters-began-dropping-before-aig\/","url_meta":{"origin":1695,"position":2},"title":"AP: Dodd’s Stock With Voters Began Dropping Before AIG","author":"Jeff","date":"March 22, 2009","format":false,"excerpt":"As a Connecticut resident I've been hearing the rumblings about Chris Dodd for a while now but they're finally starting to come into national focus: HARTFORD, Conn. \u2013 Howard Rosenblatt voted for U.S. Sen. Christopher Dodd five years ago. He won't do that again. \"It's time for Chris to resign,\"\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1795,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/25\/nyt-dear-aig-i-quit\/","url_meta":{"origin":1695,"position":3},"title":"NYT: Dear A.I.G., I Quit!","author":"Jeff","date":"March 25, 2009","format":false,"excerpt":"I hope Barack Obama, Timothy Geithner, Nancy Pelosi, Barney Frank, Chris Dood, Andrew Cuomo, Richard Blumenthal and all the pundits who have lead the AIG lynch mob are happy now: The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group\u2019s\u2026","rel":"","context":"In "Culture"","block_context":{"text":"Culture","link":"https:\/\/www.jasetaro.com\/blog\/category\/culture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1730,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/20\/the-last-grownup-john-kyl-puts-the-breaks-on-rush-to-tax-aig-bonuses\/","url_meta":{"origin":1695,"position":4},"title":"The last Grownup: John Kyl Puts the Breaks on Rush to Tax AIG Bonuses","author":"Jeff","date":"March 20, 2009","format":false,"excerpt":"We got into this mess because Congress and the administration rushed through the Stimulus bill without sufficient time for legislators to review and debate the bill. Now Congress is trying to compound one set of mistakes with another by rushing through a bill to tax the retention bonuses paid to\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1775,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/23\/unintended-consequences-aig-bonus-tax-could-have-painful-side-effects\/","url_meta":{"origin":1695,"position":5},"title":"Unintended Consequences: AIG Bonus Tax Could Have Painful Side Effects","author":"Jeff","date":"March 23, 2009","format":false,"excerpt":"Haste makes waste my grandmother used to say... When it comes to legislation haste often leads to unintended consequences. Take for example congresses rush to pass a 90 percent tax on the retention bonuses paid to executives at AIG (emphasis mine): Lawmakers bellowed with outrage last week following revelations that\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=1695"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1695\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=1695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=1695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=1695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}