If President Obama’s administration can’t manage $165 million in bonuses for AIG executives, how can we expect it to properly oversee $170 billion of taxpayer’s money to manage the company that was encouraged to follow misguided left-wing policies loosing restrictions on lending to potential homeowners, even those that couldn’t afford it, dating back to Jimmy Carter?

Obama expressed outrage this week calling the payouts “irresponsible and reckless.”  He directed Treasury Secretary Timothy Geithner to see whether there was any way to retrieve or stop the bonus money.  Nice public relations try Mr. President.  Geithner already released another $30 billion to the company and Senator Christopher Dodd wrote into the bailout bill that bonuses agreed upon before Feb. 11th would be paid. Mr. President, as a lawyer, you must know that a contract must be upheld under our constitution.

Admit it, your administration didn’t pay enough attention to the details of the bailout, any more than you or Congress paid to even reading the stimulus bill.  Let’s hope you all pay better attention to what’s left of the $170 billion promised to AIG.  Distraction is not what we the people need, what we need is what you promised, but have yet to deliver — ‘transparency.’

I believe it is important to know why we are where we are without the spin, like what is your motivation for appearing on the Jay Leno show this week?  Doesn’t seem very Presidential amidst a global economic crisis, unless you are trying to reach the unsophisticated with a populist message?

When we see spin we often ask whether the facts matter?

We know it was liberal Democrats, going back to Jimmy Carter and now led by Senator Christopher Dodd and Congressman Barney Frank, who for years denied that Fannie Mae and Freddie Mac were taking big risks that led to this financial crisis that began in the housing market.

Dodd and Frank refused for year’s requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac.  And it was the same two that pushed for years for Fannie Mae and Freddie Mac to go even further in promoting sub prime mortgage loans  — the heart of our problem.

Oh, and it was AIG that provided the insurance backing up all this nonsense and are now paying out billions to countries around the world and I think it was France that collected more from the US bailout than banks in the US.  Oh well, the food is always good there in Paris.  I just thought I would insert a bit of epicurean distraction.

You see that is what goes on in DC, a socialist effort to get ahead of the news cycle by shifting the focus from what matters in the big picture to the inconsequential.

Mr. President, I hope you didn’t mean what you said today, “come up with better ideas or be quiet”?

That’s not the way it works in a Democracy!