Tuesday, March 17, 2009

Chris Dodd: Running Dog Capitalist Lackey


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.

Separately, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.

Dodd’s office did not immediately return a request for comment.

I'll bet they didn't.

Two observations here. First, why exactly would one characterize AIG's contributions to Dodd as "seperately" vis a vis that particular sweetheart clause? Second, at this rate, Dodd is probably thanking his lucky stars that Connecticut doesn't have a recall option for Senators.

1 comment:

  1. Will, I will make a small and not entirely lucid argument here. I call him a Doddering Fool on my own blog, but until the CT GOP climbs off the slab, Dodd goes back tot he Senate in 2010.