Last week we told you about the big-spending liberals' latest mishap with their so-called stimulus, bailout, and pork-filled spending bills agenda. As we have learned more one liberal Senator's name keeps rising to the top: Senator Chris Dodd.
Senator Chris Dodd - the liberal former Chairman of the Democrat National Committee and Senate Banking Committee Chairman - has been in our headlines month after month supporting ACORN, protecting subprime mortgage policies that led to our financial crisis, taking sweetheart mortgage deals for his own home and now shielding those who bankrupted companies in their efforts to receive federal taxpayer funds.
Chris Dodd is in the headlines again, not for working to fix the problems he helped create, but for making them worse. With new revelations coming into the news, we are calling for a full investigation of all of his activities.
As we noted, at the heart of the AIG bonus controversy, taking money after accepting billions in taxpayer bailouts is not the bonuses themselves, but the liberal policy of bailing out private companies in the first place. We can see what happens when the government gets their hands into private industry. It is not pretty. It is not enough that the liberals and their bureaucratic policies cause mismanagement in our government, now they want to take over and mismanage our economy as well.
As many have pointed out, it is just one more step toward socialism. And when it came to solving their latest media problem they helped create, liberals tried to pass a new massive tax to fix. Going to that tax code was their idea of fixing the problem. One more big brother solution for the problems created by the liberals' big brother government actions. It is vicious cycle.
But again, we really need to get to the root of the problem. One cheerleader for the liberal policies that got us here is Senator Chris Dodd.
He is at the heart of this issue and others from the funding of ACORN, to the support of subprime mortgage buying at Fannie Mae and Freddie Mac to other recent scandals regarding sweetheart personal mortgage deals.
New information has been uncovered on Dodd's amendment that created the AIG bonus ruckus and its connection to the big government spending stimulus bill.
On Saturday the Attorney General of Connecticut reported that $218 million was paid by AIG in bonuses, not $165 million as we had been told - a difference of more than 50 million dollars.
Then we learned that some of our previous ACU efforts are taking effect.
On Sunday, after running stories under headlines screaming "Dodd Draws Voters' Ire Over Wall Street Pay," the NEW YORK TIMES wrote, "On a 48-hour swing through Connecticut last weekend, Senator Christopher J. Dodd began acting like a candidate for re-election, staging press events and commandeering a Sunday news show. A newly aggressive Mr. Dodd was reacting to a spate of bad press and poor polling..."
Reuters news service wrote under the headline, "Veteran senator Dodd in the eye of AIG bonus storm," that, "In a capital always looking for someone to blame, a powerful U.S. Democratic senator has a big bull's-eye on him in the firefight over taxpayer-funded bonuses for executives at insurance giant AIG. Christopher Dodd, chairman of the Senate Banking Committee and one of the more prominent faces of the Democratic Party, is scrambling to explain how a loophole ended up in legislation that allowed the roundly condemned bonuses to go forward."
Why is Chris Dodd ducking for cover? We are beginning to peel back the onion of the Chris Dodd story and it is enough to make you cry with anger.
In fact the latest revelation may explain why Dodd was involved in the AIG bonus story in the first place.
CNN reported that, "Dodd initially denied he had anything to do with adding the provision." Later... "Dodd, Connecticut's Democratic senior senator, said Treasury Department officials misled him on the issue of bonuses for AIG executives." Dodd (then) "told CNN ... he was responsible for language added to the stimulus bill."
Why would Chris Dodd dodge the issue, tap dance and try to mislead the American people? Maybe it is because of a personal family connection.
REAL CLEAR POLITICS, the respected online news media source, reported just yesterday that Dodd's wife was a former Director of an AIG controlled company.
Their story states, "Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company's favorite recipients of campaign contributions. But it turns out that Senator Dodd's wife has also benefited from past connections to AIG as well."
Real Clear Politics noted, "From 2001-2004, Jackie Clegg Dodd served as an "outside" director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. Clegg was compensated for her duties to the company, which was managed by a subsidiary of AIG."
Mr. Dodd has found himself sleeping with the AIG controversy.
Even if this work Mrs. Dodd did for a previous AIG connected company had nothing to do with Senator Dodd's secretive bonus amendment it is important the American people get the truth. It is important for us to know if Obama and the Treasury Secretary were covering for Mr. Dodd.
If Dodd did not place the amendment for that reason, the potential other reasons are even worse.
The WALL STREET JOURNAL reported, Dodd "is the top all-time beneficiary of AIG contributions, with a total of $280,000 in donations from the company's employees."
His actions with the bonus amendment remind us of other actions he has taken.
Senator Chris Dodd aggressively and publicly attacked those who claimed the Fannie Mae and Freddie Mac's subprime mortgages policies could endanger the economy. Many questioned his actions. Then we learned from OpenSecrets.org that Dodd received more big money PAC campaign contributions than any other politician on Capitol Hill from Fannie Mae and Freddie Mac for over 10 years.
Chris Dodd supported the efforts that led to our financial crisis and now he is using our own taxpayer funds to bail the companies involved.
For these reasons, when you sign the petition and support ACU's efforts, we encourage you to access our ACU Chris Dodd Media Page. This is a special page we have created so that you can contact members of the Connecticut news media and ask them - and the voters of Connecticut - why they have Chris Dodd representing them in U.S. Senate. We encourage you and others to use this resource which you will see after you sign the new petition and support ACU.
Multiple news reports have surfaced nothing that Chris Dodd's early Senate challenger in the race next year has already tied him in the polls.
Now it is time to keep the pressure on and for the American people to get to the truth.
