The headline on one of the articles in today’s American Thinker is “You can lease Chris Dodd, but you can’t buy him.” What are they talking about? This is amazing. You need to read the whole article to get the full force of what he did, but he is becoming another living exhibit of why we need term limits. According to the article:
“While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly 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 seeking to tax. The amendment is in the final version and is law.”
Chris Dodd was the person who originally suggested huge taxes on the AIG bonuses. Why are congressmen singling out individuals for tax penalties? This is the kind of behavior that goes on in banana republics.
According to opensecrets.com, Dodd was the largest single recipient of AIG’s 2008 campaign donations. One of their largest offices is based in Connecticut.