By counterspinyc- Democratic Senator Chris Dodd of Connecticut inserted language into the scam-stimulus bill permitting the AIG bonuses that everyone is now bloviating about. He did so at the request of the Treasury Department. A Congressional majority then voted for the Dodd proposal, and President Obama signed it into law. Those upset about the AIG bonuses should focus on the fact that Congress authorized them.
All the Congressional grand-standing about how bad the bonuses are is rank hypocrisy. One of two things is true . . . Either those who voted for the scam-stimulus bill knew about the bonus provision, in which case they ought to be "falling on their own swords," instead of castigating the government-appointed CEO of AIG, or . . .
They didn't know about the bonus provision, in which case they ought to introduce DownsizeDC.org's "Read the Bills Act," so they'll know what they're passing before they cast their votes.
But, the politicians aren't the only guilty parties in this stupid controversy. The American people are also at fault. Here's why:
We're constantly told that Congress doesn't respond to public pressure and that,
therefore, what DownsizeDC.org is trying to do won't work. And yet, we see
Congress respond to public pressure repeatedly. The only problem is that it's
always pressure about the wrong things! The way to prevent problems like the
bonus-authorization provision is to pass the "Read the Bills Act" (RTBA).
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