Posted by
Anthony Rizzuto on Thursday, March 19, 2009 2:52:24 PM
In the last few days President Barack Obama has encouraged American's outrage over the AIG bonuses. He's been pointing fingers at the previous administration while members of his administration and congress have denied responsibility. How could such a thing have happened? Well perhaps Mr. Obama was looking in the mirror when he was ranting and raving because it was his administration that was responsible. Chairman of the Senate Banking committee Christopher Dodd announced today that he was asked by the administration to insert a provision in last months so called stimulus bill which would modify restrictions on executive pay for companies receiving bailout money. The net effect was to authorize the bonuses. The ineptitude of this new administration is off the charts. It would be funny were it not for that fact that these are the people who are supposedly in charge of the government. How is anyone to have faith in a President who not only has no clue what he's doing but also has no clue about what he and his appointees have done? The fault Mr. Obama lies not in the stars but in yourself.