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Obama Received a $101,332 Bonus from AIG (Read 3960 times)
Brew
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Obama Received a $101,332 Bonus from AIG
Mar 17th, 2009 at 4:38pm  
Obama Received a $101,332 Bonus from AIG


March 17, 3:01 PM
by Dan Spencer

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.

The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle.  I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.

The Washington Post reports a "mob effect" at A.I.G financial products division:

Quote:
A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.

With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.

Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?
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Re: Obama Received a $101,332 Bonus from AIG
Reply #1 - Mar 17th, 2009 at 5:06pm  
While  they're at it perhaps all of the employees' bonus and any charitible donations from the past should be returned.

just sayin'

with warm regards,
Tony
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Re: Obama Received a $101,332 Bonus from AIG
Reply #2 - Mar 17th, 2009 at 5:15pm  
Here are two questions that immediately spring to mind:

1. Is there anything wrong with the treatment AIG has received from this administration in light of the fact that Obama received over $100K in campaign contributions from them last year?

2. Is pay for play alright only when liberal democrats are involved?

You will not see this on tonight's news, and probably not in the future either. However I can guarantee you that if another administration was involved, all three networks plus most of the cable news outlets would have broken into regular programming with a Special Report.

It's called a complicit media machine.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #3 - Mar 17th, 2009 at 5:30pm  
Now THAT'S reaching............
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Re: Obama Received a $101,332 Bonus from AIG
Reply #4 - Mar 17th, 2009 at 5:34pm  
Quote:
WASHINGTON, March 16 /PRNewswire-USNewswire/ -- The leader of the nation's largest veterans organization says he is "deeply disappointed and concerned" after a meeting with President Obama today to discuss a proposal to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries. The Obama administration recently revealed a plan to require private insurance carriers to reimburse the Department of Veterans Affairs (VA) in such cases.


"It became apparent during our discussion today that the President intends to move forward with this unreasonable plan," said Commander David K. Rehbein of The American Legion. "He says he is looking to generate $540-million by this method, but refused to hear arguments about the moral and government-avowed obligations that would be compromised by it."


The Commander, clearly angered as he emerged from the session said, "This reimbursement plan would be inconsistent with the mandate ' to care for him who shall have borne the battle' given that the United States government sent members of the armed forces into harm's way, and not private insurance companies. I say again that The American Legion does not and will not support any plan that seeks to bill a veteran for treatment of a service connected disability at the very agency that was created to treat the unique need of America's veterans!"


More fuel for the Obama bash
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Re: Obama Received a $101,332 Bonus from AIG
Reply #5 - Mar 17th, 2009 at 6:04pm  
AIG has donated heavily to both parties in the past. Some years, they split their contributions 50-50. In 2002, they heavily favored the Republicans. In 2004 - 2008, they saw the writing on the wall and shifted their money to the Dems.  Does this speak to the character of individual candidates that got money, or to the structural problems of the campaign finance system?  

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« Last Edit: Mar 17th, 2009 at 6:06pm by monty »  
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Re: Obama Received a $101,332 Bonus from AIG
Reply #6 - Mar 17th, 2009 at 6:05pm  
Brew wrote on Mar 17th, 2009 at 5:15pm:
Here are two questions that immediately spring to mind:

1. Is there anything wrong with the treatment AIG has received from this administration in light of the fact that Obama received over $100K in campaign contributions from them last year?

2. Is pay for play alright only when liberal democrats are involved?

You will not see this on tonight's news, and probably not in the future either. However I can guarantee you that if another administration was involved, all three networks plus most of the cable news outlets would have broken into regular programming with a Special Report.

It's called a complicit media machine.


don't have time to read. were are you getting your info from?
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Re: Obama Received a $101,332 Bonus from AIG
Reply #7 - Mar 17th, 2009 at 6:12pm  
Quote:
Dodd, Chris        $103,100
Obama, Barack        $101,332
McCain, John        $59,499
Clinton, Hillary        $35,965
Baucus, Max        $24,750
Romney, Mitt      $20,850
Biden, Joseph R Jr      $19,975
Larson, John B      $19,750
Sununu, John E      $18,500
Giuliani, Rudolph W      $13,200
Kanjorski, Paul E      $12,000
Durbin, Dick      $11,000
Perlmutter, Edwin G      $10,500
Rangel, Charles B      $9,000
Edwards, John      $7,850
Corker, Bob      $7,400
Smith, Chris      $6,900
Neal, Richard E      $6,500
Rockefeller, Jay      $6,500
Reed, Jack      $6,000

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Does anyone doubt that if Guiliani or Romney or Hillary had gotten the nomination, they would have gotten more money from AIG?  Or that if they were seen as the likely winner in November, they would have gotten even more?
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« Last Edit: Mar 17th, 2009 at 6:13pm by monty »  
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Re: Obama Received a $101,332 Bonus from AIG
Reply #8 - Mar 17th, 2009 at 7:46pm  
I'm not going to condemn or defend what this guy wrote. It is what it is - I didn't write it, nor have I pretended to. I have my opinions, and most of you know what they are.

Also, if anyone wants to know my sources, just google the guy's name - Dan Spencer.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #9 - Mar 17th, 2009 at 9:02pm  
Whats your solution to cure the worlds economy Brew if you were President?
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Re: Obama Received a $101,332 Bonus from AIG
Reply #10 - Mar 17th, 2009 at 9:17pm  
Sean C wrote on Mar 17th, 2009 at 9:02pm:
Whats your solution to cure the worlds economy Brew if you were President?

First, the question is off topic. Start a new thread and see who might want to take a stab at answering.

Second, I would never be President, so I don't think in those terms.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #11 - Mar 17th, 2009 at 9:19pm  
ok
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Re: Obama Received a $101,332 Bonus from AIG
Reply #12 - Mar 18th, 2009 at 9:51am  
Quote:
Second, I would never be President, so I don't think in those terms.

The mother of all cop outs Brew.
Everyone has a right to express their opinion.but if opinions are soley criticsims without any thoughts on how things should be handled then the critisism becomes wining for the sake of wining.
Brew you are to smart to not have an opinion on how you would like things to be done differently.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #13 - Mar 18th, 2009 at 10:00am  
I'm not an economist so don't really know what the solution is but I'm fairly certain rewarding bad behavior is not the way.  The guys who created this mess are laughing all the way to the bank (West Indies bank of course).
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Re: Obama Received a $101,332 Bonus from AIG
Reply #14 - Mar 18th, 2009 at 10:10am  
karma wrote on Mar 18th, 2009 at 9:51am:
Quote:
Second, I would never be President, so I don't think in those terms.

The mother of all cop outs Brew.
Everyone has a right to express their opinion.but if opinions are soley criticsims without any thoughts on how things should be handled then the critisism becomes wining for the sake of wining.
Brew you are to smart to not have an opinion on how you would like things to be done differently.

With all due respect, don't tell me when I should or should not express my opinion. I do express my opinions when I choose to do so - this piece was merely my sharing something I had found that was written by someone else.

Cop out, my ass.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #15 - Mar 18th, 2009 at 11:21am  
Brew wrote on Mar 17th, 2009 at 7:46pm:
I'm not going to condemn or defend what this guy wrote. It is what it is - I didn't write it, nor have I pretended to.


What puzzles me - why submit something for discussion, and then completely distance yourself from what you submitted and refuse to offer any opinion on the topic?  I think it is only natural that others would comment on the thread you started, even direct questions to you about what you brought up. 


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Re: Obama Received a $101,332 Bonus from AIG
Reply #16 - Mar 18th, 2009 at 11:36am  
monty wrote on Mar 18th, 2009 at 11:21am:
Brew wrote on Mar 17th, 2009 at 7:46pm:
I'm not going to condemn or defend what this guy wrote. It is what it is - I didn't write it, nor have I pretended to.


What puzzles me - why submit something for discussion, and then completely distance yourself from what you submitted and refuse to offer any opinion on the topic?  I think it is only natural that others would comment on the thread you started, even direct questions to you about what you brought up.

'Scuse me? I was asked what I would do to fix the world economy if I were President, not what my opinion was on this specific topic.

The only observation I have about this specific topic is that I find it very interesting that Sen. Dodd and then-Sen. Obama topped the list of AIG campaign contributions on Capital Hill.

I merely posted it to show that people are seeing a connection between the last-minute language inserted in this bailout/stimulus bill allowing these bonuses and who received big bucks from AIG. When I see corruption (i.e., walks like a duck, quacks like a duck), I'm going to point it out. That's all this is. Let others comment and opine.

I continue to offer no comments or opinions on how to fix the world economy. It's off topic and above my paygrade.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #17 - Mar 18th, 2009 at 11:50am  
This post brought up questions from me. 
Who, at AIG or other companies, makes the decisions to give money to political candidates?

I don't understand why a company would give to both Obama and McCain in last year's election.
Why would a company give to both Clinton and Obama in the nomination race?
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Re: Obama Received a $101,332 Bonus from AIG
Reply #18 - Mar 18th, 2009 at 11:59am  
Brew wrote on Mar 17th, 2009 at 5:15pm:
Here are two questions that immediately spring to mind:

1. Is there anything wrong with the treatment AIG has received from this administration in light of the fact that Obama received over $100K in campaign contributions from them last year?

2. Is pay for play alright only when liberal democrats are involved?

You will not see this on tonight's news, and probably not in the future either. However I can guarantee you that if another administration was involved, all three networks plus most of the cable news outlets would have broken into regular programming with a Special Report.

It's called a complicit media machine.


Just curious, what are your answers to your questions?
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Re: Obama Received a $101,332 Bonus from AIG
Reply #19 - Mar 18th, 2009 at 12:12pm  
Brew wrote on Mar 17th, 2009 at 5:15pm:
Here are two questions that immediately spring to mind:

1. Is there anything wrong with the treatment AIG has received from this administration in light of the fact that Obama received over $100K in campaign contributions from them last year?

2. Is pay for play alright only when liberal democrats are involved?

You will not see this on tonight's news, and probably not in the future either. However I can guarantee you that if another administration was involved, all three networks plus most of the cable news outlets would have broken into regular programming with a Special Report.

It's called a complicit media machine.


There's a little truth in that but it's understandable when Bush & Company....as well as many Congressmen, got together every morning to look over their data sheets to learn the lastest thing to justify calling the press liberal conspirators. Also, calls for censorship almost always come from the right side of the aisle as well......anyway.....

I watched a few minutes of the hearings today---hoping to see our legislative servants cut Libby a new one---still waiting and it was disappointing to see mostly Republicans defend much of the A. I. G. bonuses.....when I think about it though, it's likely to bode well for Democrats in the 2010 elections. Lots of soundbites of their tone-deaf actions.

Charlie
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Re: Obama Received a $101,332 Bonus from AIG
Reply #20 - Mar 18th, 2009 at 1:07pm  
Quote:
Brew wrote on Mar 17th, 2009 at 5:15pm:
Here are two questions that immediately spring to mind:

1. Is there anything wrong with the treatment AIG has received from this administration in light of the fact that Obama received over $100K in campaign contributions from them last year?

2. Is pay for play alright only when liberal democrats are involved?

You will not see this on tonight's news, and probably not in the future either. However I can guarantee you that if another administration was involved, all three networks plus most of the cable news outlets would have broken into regular programming with a Special Report.

It's called a complicit media machine.


Just curious, what are your answers to your questions?

Are you that thick? Do you know what they call a question that, when phrased a certain way, makes the author's point of view painfully obvious but truly requires no answer?
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Re: Obama Received a $101,332 Bonus from AIG
Reply #21 - Mar 18th, 2009 at 1:23pm  
Just trying to get you back on topic.  will you expand on your rhetoric? 

Don't let me stir the Brew!!!
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Re: Obama Received a $101,332 Bonus from AIG
Reply #22 - Mar 18th, 2009 at 2:01pm  
I see where this is going already. I'm out.
Hey, Brew
No malice intened.
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Re: Obama Received a $101,332 Bonus from AIG
Reply #23 - Mar 18th, 2009 at 4:58pm  
BMoneeTheMoneeMan wrote on Mar 18th, 2009 at 11:50am:
I don't understand why a company would give to both Obama and McCain in last year's election.
Why would a company give to both Clinton and Obama in the nomination race?


Because they may prefer one candidate over the other, but want all candidates to be ingratiated to them. That way, they win regardless of which horse comes in first.  That is the way the system works (for them, not for us).

My proposal - develop a cryptographic system so that people can give to candidates, they can verify that their contributions got to the candidate, but they cannot conclusively prove to the candidate that they gave a certain amount, if anything.  This effectively 'launders' the money and makes it impossible to buy influence (unless the company and candidate stoop to a transfer of cash in shoe boxes).
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« Last Edit: Mar 18th, 2009 at 5:22pm by monty »  
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Re: Obama Received a $101,332 Bonus from AIG
Reply #24 - Mar 18th, 2009 at 5:33pm  
Brew wrote on Mar 17th, 2009 at 5:15pm:
Here are two questions that immediately spring to mind:

1. Is there anything wrong with the treatment AIG has received from this administration in light of the fact that Obama received over $100K in campaign contributions from them last year?

2. Is pay for play alright only when liberal democrats are involved?



i don't know. according to petes earlier post thats a little bit more than half of what gw received. perhaps both parties should be held equal standards.
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