Dodd retracting
Posted By: Long-Time MT-NY on 2009-03-19
In Reply to: Dodd claims he did not put that in there - - Amanda
Now Dodd is saying he did put it in there but Treasury "made" him...we gotta get this guy out of here...
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Oh...and I believe everything Dodd says. LOL
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Chris Dodd
"People are angry about bailouts, but would be more upset if the big 3 go under."
I hope they put his info on the news. I just can't type fast enough to cover it and don't want to put words in his mouth. The hearing was 6 hours long! Whew!
What I got from most of it was that GM and Ford have unsecured debt while Chrysler has secured debt and that the Chrysler CEO would step down if that would help his company. Wagoner (GM) and Gettlefinger are working together and GM keeps defending the UAW.
"Bankruptcy is the wrong approach," Dodd says. "There is concensus that inaction is not an option and the concensus is that we are not going to write a check without stipulations. My sense is that I have a working situation here and I'm going to get it done.... I need the federal reserve and the treasury to step up."
On the other bailouts, "I am through giving them money. I still have 9.000 people a day losing their homes and they (I think he's talking about Paulson) still haven't done anything about it."
I heard it was Dodd who
slipped that in as well. Not a big shock since he was the highest recipient of contributions from AIG. He slipped that in and things were passed so fast that no one could catch it and now everyone is crying outrage. I'm sure Obama is glad this was snuck in so he could repay AIG back for his second highest contributions...right under Dodd. Jerks!
They should have let AIG fall. I'm so sick and tired of bailing out companies. We need to start letting them file bankruptcy and restructure. Maybe then....they will start handling their money better. While government keeps bailing them out, they aren't going to change their ways. They are just going to keep asking for government handouts while the big execs get rich.
Dodd claims he did not put that in there -
at least, I read that he said the date he had included was changed so that those bonuses would still be paid. He said his date would not have allowed those bonuses to be paid. ???
Chris Dodd is going to be on CNBC
in a couple minutes with a press conference. Don't know what it's all about. Just caught the end of the announcement.
Crap. Dodd is staying on?
x
I just heard that Chris Dodd also wants to attach...
a proviso for some money to be given to certain groups...ACORN being one of them. What is up with that?? ACORN is being sued right and left for voter fraud.
The rationale for reducing the capital gains tax (for a short term, not permanently) is so that investors will be stimulated to invest again, and infuse some of THAT money back into the markets that will perhaps take at least SOME of that off ALL of us. I don't have a problem at all with a temporary reduction or even suspension of capital gains tax for a couple of months if it will reduce how much we are all on the hook for. Just my opinion.
Why should Obama apologize for Franks or Dodd? He is not...sm
their keeper. John Glenn and John McCain did not receive a formal reprimand but were judged to have "poor judgement" with their naive support quashing an investigation of the doings of Charles Keating in the 1980's whose financial doings eventually caused the savings and loan crisis just 2 years later. $180 billion that time, probably more with inflation than now. Bill Clinton dug us out of that hole, and here we are again.
and who is #2 on the receiving end of Chris Dodd and his cronies???? OBAMARAMA, that's who. sm
You can't call out one and not the other. If anything, they are BOTH guilty.
And who is #2 on the receiving end of Chris Dodd and his cronies???? OBAMARAMA, that's who. sm
You can't out one and not the other. They probably BOTH are guilty, but accuse them both, not just McCain.
Followed quickly by Barney Frank and Chris Dodd. nm
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wrong...barney frank, chris dodd, and the
Dem members of the Banking and Finance Committee are wholly responsible. John McCain cosponsored a bill in 2006 and described this exact scenario, as did Allen Greenspan and John Snow (treasury secretary). The Dems killed it in committee. Voted to a man against it. And here we are. Nice try...no cigar (no pun intended). This is one that you can't lay on the Republicans. The facts do not support you on this one. No matter how much you deny it. And deny it you will. You can't help yourself.
Fannie and Freddie....Barney Frank, Chris Dodd...
you left them off your list. The two MAJOR players. Who got the most donations from fannie/freddie? Barack Obama and Chris Dodd. Obama got more from them in his 3 years than other senators did in 20. You do the math and follow the money.
Talk about ignorance....Chris Dodd, Barney Frank....
Fannie Mae...ring any bells? The housing crash is what started this downhill spiral. Talk about snorting Kool-aid...you must have an IV. O starts talking, brain stops working.
The war has cost us plenty...as did 9-11. But the economy didn't go south until the fannie/freddie debacle which started the dominos on wall street falling because of the "bad paper." So you can rant and rave all you want to about the war...your duly elected Dems in Congress screwed us ALL over. But go ahead, blame Bush...this is all on YOU folks. YOU voted them in. I had nothing to do with it...lol. I believe it is called stewing in your own juices...even if you are so in denial you don't realize it...but oh well...no surprise. :)
Listening to Harry Reid/Chris Dodd news conference...
I don't know how they can stand up there and lie through their teeth like that...blaming the White House and Republicans for this financial debacle. They know that is a lie. They know, especially Chris Dodd, was central to this. Also mentioned Barney Frank. Good grief. The hypocrisy is staggering. They should be talking about getting us out of this mess....just yesterday they were saying don't play the blame game. Telling McCain not to politicize it while they are politicizing it. That man makes my skin crawl.
And saying there was a "deal" and McCain blew it up. The only "deal" was among senators...the only house person present could not negotiate. He just had to listen. If they had the plan and had gone to the house with it, then the house would have blocked it there and hours if not days would have been wasted. Amazing the gall of some folks. Ridiculous!!!
Why can't they all stop the political posturing and just fix this mess. The House is only reacting to the onslaught of emails from their constituents saying protect us here, we don't like this carte blanche 700 billion. I for one am GLAD at least the Republicans in the house said whoa wait just a minute here.
Liar, liar - Sen. Dodd Admits Adding Bonus Provision to Stimulus Package
http://www.foxnews.com/politics/first100days/2009/03/18/sen-dodd-admits-adding-bonus-provision-stimulus-package/100days/
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