Obama Received Over $100,000 in Donations From AIG

  Cross posted on Grizzly Groundswell

  President Obama was outraged, we were told, with AIG for paying out bonuses to their employees after receiving taxpayer bailout money. He has said he will use any means possible to recover the bonus money.

  But President Obama knew about the bonuses and he knew that they were going to be paid out and he did nothing to stop them beforehand. The president is now claiming that he didn’t realize the bonuses were going to be paid out until two weeks ago, still time to stop the bonuses but yet he didn’t bother to try back then. Why?

  Now we may have the answer. In this post that I wrote about the whole AIG fiasco I wrote about Chris Dodd’s role in guaranteeing that AIG would be able to pay out their bonuses with what Obama’s administration is calling the Dodd amendment to the stimulus bill. I wrote that Chris Dodd put protections in the stimulus bill that ended up protecting AIG and allowed them to pay the bonuses. I also wrote that Chris Dodd just happened to be  the largest recipient of campaign donations from AIG at $103,100. It is now being reported that none other than Barack Obama was number two on AIG’s campaign donation list at $101,332.

  Could this be the reason why Dodd wrote the amendment that allowed AIG to pay out bonuses with the bailout money? And could this be why President Obama really wasn’t outraged when the story hit the airwaves about AIG? The president only became outraged when he saw the reaction of the people. Before that he was just a recipient of funds from AIG.

  Now the president is outraged (I think it is really embarrassment that he is feeling) and he is calling for AIG executives to give back the bonuses. Chuck Schumer is threatening to tax the bonuses into oblivion. I think the president should be held to the same standard. It is time for the president to give back the money that he accepted from AIG. It is time for Chris Dodd to give the money back that he received from AIG.

  President Obama and Chris Dodd tried to pull a fast one on the American people, they were caught, the least they could do would be to give the donations back.