March 20th, 2009
10:14 AM ET
6 years ago

RNC criticizes Dodd for AIG bonuses

 Dodd is the target of a new RNC video.
Dodd is the target of a new RNC video.

WASHINGTON (CNN) – The Republican National Committee will slam embattled Sen. Christopher Dodd Friday in a new video that highlights the Connecticut Democrat’s admission he inserted language into the federal stimulus bill that honors bonuses to companies receiving federal financial assistance.

Dodd, chairman of the Banking, Housing & Urban Affairs Committee, denied to CNN on Tuesday that he had anything to do with adding the language, but in a follow-up interview on CNN the next day he acknowledged responsibility for it.

In the Wednesday interview, Dodd said that officials in President Obama’s administration pushed for the language, because they were afraid that the government would face numerous lawsuits without it.

News that AIG executives were paid bonuses from the $173 billion provided by the federal government in bailout funds has caused national outrage and forced the House to pass legislation taxing individuals on any bonuses they receive from companies getting $5 billion or more in money from the Troubled Asset Relief Program. Bonuses for people with incomes over $250,000 would be taxed at a 90 percent rate. The bill is currently being debated in the Senate.

The video, which will be emailed to supporters and placed on the RNC Web site, relies heavily on CNN footage of the AIG story.


Filed under: Chris Dodd
soundoff (68 Responses)
  1. Ghost

    Naw, Joseph. If you repugnicans bothered to learn how to read, we wouldn't have started this mess 8 years ago.

    Think about it. Bush was so bad that a black, socialist, muslim, foreign born community organizer with no experience and ties to terrorists was elected to the highest office in the land.

    There does that make you feel better?

    March 20, 2009 12:15 pm at 12:15 pm |
  2. Glennis

    Well, I guess I'd rather be in the "Party of No" than the "Party of Doh!". This bunch of liars and weasels have really stepped in it. I can't wait to see Dodd go down.

    March 20, 2009 12:20 pm at 12:20 pm |
  3. Tom in Delaware

    I don't know what the people of Connecticut call what Chris Dodd did this week, but here in Delaware we call that lying.

    All you Liberal apologist and equivocators can go pack sand too.

    Let's see if your boy Barney can get the names of the Obama Administration people who:

    1. Decided to print up another 1 Trillion Dollars

    2. Thought it was a good idea to make returning wounded war Vets pay for their own treatment.

    3. Made the decision to prevent Mexican trucks from traveling on American highways (for trumped up safety reasons) in violation of NAFTA...all 97 of them.

    Now get to work on that.

    March 20, 2009 12:20 pm at 12:20 pm |
  4. MICK in MESA

    Hey chad @ 10:32AM...

    You nailed it buddy. And anybody that doesn't know that are probably rethuglicons – the "NO everything" party

    March 20, 2009 12:21 pm at 12:21 pm |
  5. thomas

    Why in the world would shareholders ever allow bonuses of these amounts to be paid? Was anyone watching their own money? Wasn't anyone suspicious of all of those "golden parachute" deals and exhorbitant executive salaries? Wasn't it all too good to be true?

    March 20, 2009 12:21 pm at 12:21 pm |
  6. Joe Unger, San Francisco

    What is really demoralizing is the partisanship displayed by the Obama supporters. They just come out and say Republicans shouldn't criticize Obama because the last Republican administration didn't do a good job. That is just silly.
    If you had your way, the Obama administration could mess up left and right and people are just supposed to be quiet about it?
    The Obama administration made paying these AIG bonuses part of the stimulus bill last month in order to avoid lawsuits. Then the bonuses get paid and the Obama administrations makes a big show of how angry they are the bonuses got paid. How phoney. Then the Democrats rush through a bill to tax these bonuses which won't hold up under law. Are Obama and the Democrats not talking to each other? This is Three Stooges fare and the Obama suporters seem to think the answer is to not talk about it.

    March 20, 2009 12:22 pm at 12:22 pm |
  7. Robin

    This is FAKE outrage and a distraction. American people are like sheep, easily distracted from real issues at hand.

    March 20, 2009 12:22 pm at 12:22 pm |
  8. GEE

    checkout how much bush got from AIG

    March 20, 2009 12:22 pm at 12:22 pm |
  9. jack

    "I did not have sexual relations with that woman"
    "OK, I did it"

    Sound familiar?

    Dodd is just another idiot in a long line of idiots in congress that lie all the time until they are caught. Why should we be surprised. the problem is too many of these idoits continue to get elected. WAKE UP PEOPLE! VOTE THEM OUT OF OFFICE!!!!

    the Administration tossed Dodd under the bus and the RNC wants to be in the driver seat. Meanwhile no one is driving the rest of the government. Enough already. I'm tired of all the BS about who did what. They all screwed up. Enough of this finger pointing and fix the problem.

    March 20, 2009 12:24 pm at 12:24 pm |
  10. alex

    In my book liars are liars ,it doesnt matter what party they are from ,yes i don't agreed or like the stream right as i don't like the left they are both equally bad but at least i can see the right coming and they aren't re distributing wealth,targeting specific group to tax for there own mistakes and stupidity , i think all the blame is being shifted in the wrong direction congress and senate are the problem. the American people shouldn't be so easily manipulated by this idiots. how about all the other contracts out there, all union contracts teachers,brokerage houses etc can they all be broken or taxed ? give me a break this like a circus gone wild and all the animals are loose in the streets you know who's going to get hurt ?

    March 20, 2009 12:27 pm at 12:27 pm |
  11. Robert

    I say give the man a break. I challenge anyone to start a new job where you walk into a situation, under staffed and having to clean up a mess that the previous person left you and NOT make a mistake in your first six weeks. This is one of those situations where you pick yourself up, dust yourself off and say "Well, I won't do that again!".

    March 20, 2009 12:32 pm at 12:32 pm |
  12. Thomas Paine

    The pot calling the kettle black.

    March 20, 2009 12:45 pm at 12:45 pm |
  13. Mari

    How amusing that ...........suddenly........ the GOP has become "so-called-fiscal-conservatives"......... but where were your dissenting voices when Bush was.........

    Doubling our National debt?

    Hiding the cost of the Iraq war?

    Allowing KBR & Halliburton to bilk the American people for BILLIONS?
    With NOBID contracts?

    When Bush announced that the BUDGET DEFICIT for 2009 would be OVER ONE TRILLION???

    HOW COME YOU, FAR-RIGHT-FOLKS, WERE NOT OUTRAGED AT BUSH'S FINANCIAL DISASTER??????????????????????????

    And then what about Hank Paulson? Bush's Treasury Secretary, who was the former head of .......... Goldman Sachs... who GOT BAIL OUT MONEY FROM ........ PAULSON!

    BUSH, PAULSON, CHENEY...... ETC. =CROOKS

    March 20, 2009 12:51 pm at 12:51 pm |
  14. James Edwards

    I would expect the RNC would after Dodd because of the election (listening to Fred Thompson stating that the election of the Republican in NY20 would embolden the GOP in time for 2010) This is another example of what I call bunch of blather about who does what and it is infuriating that the GOP would make something out of nothing. . The facts remains that the Treasury officials requested that Dodd rewrite the amendment because of potential lawsuits. What most people don't understand is that the executive branch communicates with the Legislative branch on various legislation that you and I don't hear about until after the legislation is signed. While it is true that Dodd should have confessed immediately with details rather than denying it. It just makes things worse when you don't say with a straight face something GOP needs to do instead of scoring points. They haven't came out with anything new since the election losses except to offer the same old thing in the past 30 years. Anyone who parrots the GOP ideals are just using the talking points without fact checking.

    March 20, 2009 12:52 pm at 12:52 pm |
  15. Ken in NY

    Glad to know that the Republicans would not waste time working the 'get elected' machine. This is why we send represenatives to Washington so the can be part of the "Our party is too big and rightous to fail" party. RNC should spend some time working on it's crediabltiy issues. RNC does not work well with others.

    March 20, 2009 12:54 pm at 12:54 pm |
  16. Veteran in Kansas

    Pleaseeeeeeeeeeeeeeeee.................name one member of Congress Republican or Democrate that voted for or against the stimulus bill, that raised the issue of the pre-contracted bonues. Give me a name of a member of the RNC that raised the issue of pre-contrcted bonues. So what can we conclude, the Democrates voted for the bill without understanding what was in it, the Republicans voted against the bill for the purpose of voting against it and the RNC was bad mouthing the bill without knowing what was in it. So who was doing their job...........................no one. Get the point. NO ONE brought it to anyones attention that the bill contained provisions to pay pre-contracted bonues, but there it is in the bill. Some where we have to draw the line and expect members of Congress to act as elected representatives of the people and actually read and comphrehend docuements and laws that they are voting on. Voting on a bill for the sake of voting with the party is no more acceptable than voting against a bill because the party line is to vote against the bill. SOMEONE must take the responsibility to read and comprehend docuements before the Congress. But then again maybe they did,,,,,,and just never expected it to hit the airways and I am not meaning just the Democtratic members. This issue was not raised by either party leading up to the vote, after the vote. It was only veiwed with righous fury after it was reported by the media. Once again as for the RNC, they complained about the bill but never once did they come out and say hey whats this stuff about bonues to still be paid. Lets stop this partisan gamesmanship and get people to start doing their jobs. Grade across the board "F" and going down.

    March 20, 2009 12:55 pm at 12:55 pm |
  17. eric in texas

    Mari March 20th, 2009 12:51 pm ET

    How amusing that ………..suddenly…….. the GOP has become "so-called-fiscal-conservatives"……… but where were your dissenting voices when Bush was………

    Doubling our National debt?

    Hiding the cost of the Iraq war?

    Allowing KBR & Halliburton to bilk the American people for BILLIONS?
    With NOBID contracts?

    When Bush announced that the BUDGET DEFICIT for 2009 would be OVER ONE TRILLION???

    HOW COME YOU, FAR-RIGHT-FOLKS, WERE NOT OUTRAGED AT BUSH'S FINANCIAL DISASTER??????????????????????????

    And then what about Hank Paulson? Bush's Treasury Secretary, who was the former head of ………. Goldman Sachs… who GOT BAIL OUT MONEY FROM …….. PAULSON!

    BUSH, PAULSON, CHENEY…… ETC. =CROOKS
    _____________________________________________________

    Fiscal Conservatives call what Bush did Retarded.

    Fiscal Conservative also call what Obama has done Retarded and doing it worse because they are the ones that signed the legislation allowing it.

    March 20, 2009 12:56 pm at 12:56 pm |
  18. The Broker.

    Yes your "Second Idiot" Biden...

    March 20, 2009 12:57 pm at 12:57 pm |
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