Chris Dodd is pretending to be outraged over the AIG bonuses. What we’re not being told is that, reportedly,  Dodd is the one who allowed the bonuses to be paid out in the first place.

From Rich Edson at Fox Business:

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” — which exempts the very AIG bonuses Dodd and others are now seeking to tax.

The amendment made it into the final version of the bill, and is law.

This ‘outrage’ on the part of Dodd, Obama, and the rest of the Washington crew is nothing but a dog-and-pony show. Smoke and mirrors from an administration and congress to whom the words ‘accountability’ and ‘responsibility’ mean nothing unless being applied to those of us who move the economy by actually working for a living.

We’re being conned, folks. Are AIG saints? of course not, and in my opinion, they should be allowed to fall into bankruptcy and never, ever recieve another dime of taxpayer money. However, the only ‘outrage’ I see is how this administration is painting AIG as the bad guys and trying to make themselves look like some sort of populist heroes, while in reality they’ve not only known about the bonuses this whole time, but specifically authorized them..

Disgraceful.

Ed Morrisey over at Hot Air has a good piece on this today:
The futile arrogance of AIG outrage

-Cnation