The revelation over the weekend of massive bonuses being awarded to employees of AIG -- despite repeated federal bailouts engineered by the Obama and Bush administration -- is igniting fresh outrage among liberal lawmakers and bloggers.
Several prominent Democrats are pointing out that Obama aides were more than willing to press auto workers to renegotiate contracts as a condition of bailouts for car companies -- but are now citing the sanctity of contracts in AIG bonuses, saying they can't be canceled.
"People have no confidence in what's happening right now," Jane Hamsher, the founder of the liberal blog FireDogLake, said Monday on ABC NewsNOW's "Politics Live."
"People on the right and the left are looking at all this money being shoveled to banks [by] friends of Timothy Geithner and Larry Summers ... and they're not seeing any accountability," she added. "They don't know where the money's going, they don't know how much is gone, and it's all nontransparent and extremely suspicious."Hamsher is organizing an online petition drive to press lawmakers to block further bank bailout funds. The Obama administration has signaled that it anticipates needing more funds to stabilize the nation's banking system. - ABC News Story
Where is all the transparency that Obama promised? Obama also bashed Bush and his Administration on the way the TARP funds were handled prior to him coming into office. Obama promised a change in the way things were going to be done.
Well, it sure looks a lot like business as usual from the White House. Obama's people have been about as transparent as wall. Reports coming out of funds going to friends banks, family members benefiting from bailout funds and now the big bonuses. If there was oversight like Obama promised this wouldn't have happened.
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