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Saturday, March 21, 2009

Dodd Amendment Mystery Solved

The Dodd Amendment in the 'Porkulus bill', which included a date based exemption that allowed AIG to honor it's contractual agreements to pay it's employees $165 million in bonuses, was included, supposedly, to ensure that the previsions were constitutional. Now it seems that there may have been more to it than that.

Senator Dodd said this about the date based exemption;

"I did not want to make any changes to my original Senate-passed amendment but I did so at the request of Administration officials, who gave us no indication that this was in any way related to AIG."

The White House is insisting that there were no specific changes or language suggested by anyone at Treasury. As usual, there is a lot of finger pointing back and forth. It seems now, however, that both Obama and Dodd may have had good reasons for making the date based exceptions.

The Wall Street Journal is reporting that Dodd has recieved $280,000 worth of campaign contributions from AIG since 1990. Comrade Obama has recieved over $100,000, according to Open Secrets.org.

Can you say 'quid pro quo'?

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