(CNN) - As Congress grills AIG's chief executive Wednesday, here's a look at the top ten political recipients of AIG donations for the 2008 election cycle, according to the Center for Responsive Politics.
The top ten recipients of AIG donations for the 2008 election cycle:
Sen. Chris Dodd, D-Connecticut: $103,100
President Barack Obama: $101,332
Sen. John McCain, R-Arizona: $59,499
Secretary of State Hillary Clinton: $35,965
Sen. Max Baucus, D-Montana: $24,750
Former presidential candidate Mitt Romney: $20,850
Vice President Joe Biden: $19,975
Rep. John Larson, D-Connecticut: $19,750
Sen. John Sununu, R-New Hampshire: $18,500
FormerpPresidential candidate Rudy Giuliani: $13,200
The money is bad enough but Obama lied. "all small donors" and "no corporate money" were lies. We've already seen that no hiring of lobbyists is a lie too.
To those who say McCain and others took money too: Yes he did. Then they are all the same. That is the lie of the "Change".
Question Authority – it is time for a change from Republican and Democratic lies.
Obama took the money and gave us the change..well done community organizer, you learned very fast how to be a liberal politician.
First, for any congressman to act as if giving bonuses to managers who are failures is anything new is disingenuous at best.
Second, the idiots gave the bailout money without any restriction, so have no right to ask for any of it back.
Third, if you voted to reelect your representative after they voted FOR the bailout, this is YOUR fault.
How many of the polititions have agreed to return their donations?
Ouch! This transparent government stuff hurts.
I'd like to know how they came up with these figures.
As was noted in the last election cycle, on the FEC list, the members of the board of directors are not listed as part of the company's donation, as they usually are employed elsewhere.
I'd like to know if this is just the employees or if they did a serach of the board member's names and included them.
I also find it interesting that with all the huge numbers going around, AIG people only contributed less than $425K.
@sniffit, who wrote
"This is really moronic. AIG can't donate that much. It's restricted by law to $2,600. Those are just totals with respect to individual's donations who happen to be employees of AIG, so it's hard to see how it's all that relevant."
Come on, sniffit... you know darn well that the money AIG gets from individual donations really goes into a PAC. Then the leaders of the PAC (no pun intended) divvy up the bucks.
@ Sniffit says,
"Three words: CAMPAIGN FINANCE REFORM."
Funny – I seem to remember something from the Presidential Campaign about that.... oh yes that's right... BARRY broke his promise to TAKE limit campaign financing – while John McCain KEPT his promise and took limited public financing.
Yeah... we'll ALL hold our breath for Barry to get "concerned" about campaign finance reform!
You obamabots either just don't SEE the lies or don't care. Which is it?
I've said this over and over again. The problem is all this politicians in washington with their hypocrit blame games to gain popularity . None of them are ready to let the big banks and corporation fail because of the huge donations they receive from the same people that put them in power. They are incapable of raising money for their expensive campaigns so they go to lobbyists.
The rest is bla bla bla.
CNN why don't you post the rest of the other big corporation donations to politicians don't just limit to AIG?
Let see here Sen Dodd recieved over $100,000 from AIG, and then wrote the Dodd amendmet, which allowed AIG to issue all these bonuses...hmmm.
It's time for companies to have some sort of guidelines as to what amount of money can be donated to any politician. Since Democratic, Republican, Independent voters all work for big corporations, it is only fitting that if any corporation is going to donate money to a senatorial election, or presidential election they should donate the same amount to each political candidate that way there is no buying of a politician. No special favors no "I donated money to your campaign so now you do favors for our company." Politicians are elected to be in office to work for the American people; not huge corporations with their high dollar CEOs.
Companies ship our jobs overseas and claim to save lots of money by using cheap labor; yet the CEO's get all the bonuses. They get to make the big bucks. How about keeping the jobs here and giving that bonus money to the American people and paying them good pay so they can buy nice things like the CEOs do. I don't think a CEO needs 6 million dollar bonuses to live comfortably.
When were the donations made is the more relevant question.
Seems pretty silly though to think that a candidate will do favors for a COMPANY based on how the INDIVIDUALS who work for that company made their PERSONAL donations, particuarly when many of the INDIVIDUALS who work for that company donated substantially to the opposing candidate or party. This is red herring nonsense cooked up for ratings, nothing more, nothing less.
Geitner and Bernanke ARE the ones in SEPTEMBER LAST YEAR who helped WRITE THE BAILOUTS.
They (see its isn't just right and left for all you blame Bush crowd)
I can see a day sooner rather than later that Mr Obama will call for Geitner to resign or go down in flames with him.
OPEN YOUR EYES AMERICA
THE NEW BOSS IS NOT CHANGE BUT MORE OF THE SAME.
But a new guy that speaks very very well and isn't the last guy that is all the change (and he is left of center but that really wont matter if his incompetence is fully displayed for all to see) we have
right and left are only different sides of the same coin
Who knew what and when?
I want an investigation of ALL IN DC
ALL OF THEM TOP TO BOTTOM
CHANGE 'I' BELIEVE IN
If we start picking, only the nuns and priests are qualified to run for office. I suggest we change policiesn to ensure that you only take bonuses based on profits and not when your company is -1 trillion dollars short of the goals.
I would mention that these numbers are slightly misleading. These canididates did not receive money from "AIG" but rather, individuals who worked for AIG. There are a disproportionate amount in CT and NY because that is where many individuals who work(ed) for AIG live.
I think Obama is getting in over his head. He needs tro better understand the complexities of being president and be better prepared than he has been. It's nit just "Rah, rah, rah" anymore. You're the president, and you have to understand the ramifications of your choices, appointments, etc.
Those donations don't add up to millions of dollars. The CEO's have been skimming money for their own self in the millions of dollars. They never thought they would go down under so they asked for a bailout. Obama should ask them to give back those millions they took along with the bailout money. Why are we bailing out any big corporation. If they can't balance their budget that is not the fault of the president. However, Bush was the one who wanted the bailout for Wall-Street, AIG and the Auto Industry. Obama is left with a big mess that Bush left but I think he knows how to handle the situation. He is getting good advice. And I believe Obama means business about taking the money back. Good for Cuomo wanting a list of names on the people that got 4 million dollars each in a bonus.
2 words.... Ron Paul.
We missed our chance.
Edward Liddy, chief executive of bailed out insurer American International Group, will tell Congress Wednesday that he found the company's controversial bonuses "distasteful," but necessary because of legal obligations and competition, according to a written copy of his testimony.
My question is if they were necessary please explain how they earned the bonus? I need to know why they earned 6 million of taxpayers dollars. What did they do so extraordinary to earn that much money in the form of a bonus?
I think I almost liked it better when I did not know how bad the rest of us were all getting ripped off.
Where is the outcry for these people to repay the campaing contributions?
Where are all the liberals who blindly follow? Are you going to ask the savior and the VP to give back the money? These idiots on capital hill screaming about bonuses and they have taken hundreds of thousands of dollars worth of contributions.
Oh yeah CHANGE WE CAN BELIEVE IN!!!!
DONT ACT SURPRISED. AIG KNEW THE POLITICAL WINDS WERE CHANGING DIRECTION.
WE MAY ACTUALLY GET SOME REAL REFORM OUT OF THIS MESS. MUCH AS I LIKE HIM, CHRIS DODD IS PROBABLY HEADING FOR THE CHOPPING BLOCK SOON, ALONG WITH SOME OTHER PROMINENT REPUBLICAN LEADERS.
Could just as easily claim that the GOP is trying to make the bailout fail and sinnk AIG as revenge for AIG's far greater support of Democratic candidates. I'm sure AIG is loving the bad publicity and that its employees are thoroughly enjoying the death threats.
Point is, it makes no sense to claim either. These numbers represent the aggregate of decisions made by individuals about how to spend their paychecks, not decisions made by AIG itself. This is a great example of the media fabricating news instead of reporting it.