Mark My Words - commentary on news, politics, religion, philosophy, science and social issues

Or at least uniformed. Visclosky, in his recent newsletter expressed outrage over the AIG bonuses that have been all over the news.

I am furious that AIG is lavishing over $165 million in “job performance” bonuses on the very executives who ran that company into the ground. (source)

Only a few problems with that. He makes no mention that the Obama administration knew a month ago about the bonuses, which is obviously before Obama read his recent outrage off a teleprompter

[…] For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts.

It wasn't until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back.

[…]

The bonus problem wasn't new, as many lawmakers and administration officials knew only too well. AIG's plans to pay hundreds of millions of dollars were publicized last fall, when Congress started asking questions about expensive junkets the company had sponsored. A November SEC filing by the company details more than $469 million in "retention payments" to keep prized employees. […] (source)

There is no outrage at Chris Dodd for saying he had nothing to do with language in the bail out that protected existing contracted bonuses, only now to admit he did insert that language.

Senate Banking committee Chairman Christopher Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses.

On Tuesday, Dodd denied to CNN that he had anything to do with the adding of that provision. (Thanks to Michelle Malkin - be sure to follow her links)

I’m still waiting for Democrats, that includes you Visclosky, to actually show some outrage over the CRA, Frank, Dodd and at the time Senator Obama running interference against more tightly regulating Fannie Mae/Freddie Mac or simply doing nothing to help overcome the resistance of their colleagues in the Democrat party. Let’s not forget ACORN or voting irregularities experienced during the Indiana Democrat primary at the hands of Obama’s campaign. How about some outrage at Chuckie Schumer for releasing his letter that set off a run on a bank?

Sorry Visclosky, I’m not as dumb or uninformed as your newsletter assumes. That would explain why I’ve never voted for you. Then again, I suppose you may be as stupid and uniformed as you assume your constituents must be when you approved that newsletter.

Maybe you’ll correct these oversights with the next one. Don’t worry, I won’t hold my breath.

If you would like to let U.S. Congressman Pete Visclosky know that you are more informed than he assumes, here is his contact info:

Washington Office
2256 Rayburn
House Office Building
Washington, D.C. 20515
phone: (202) 225-2461
fax: (202) 225-2493

Northwest Indiana Office
7895 Broadway, Suite A
Merrillville, IN 46410
phone: (219) 795-1844
(888) 423-PETE (toll-free)
fax: (219) 795-1850

If you’re in Indiana’s 1st Congressional District you can use the online form here to correspond.

And yes, I sent him a link to this blog post.

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Filed under: News – Politics

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