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Remember how I called for Summers and Geithner to the fired? Now the rest of the country agrees with me. Yay me! The tale of those two working against our country grows more sinister with every day. Remember in Mid February with the ardent left wing Democrats suggested 500k paycaps for executives at bailed out firms? Remember how that was Socialist? Remember how is was Senator Dodd who advocated such Socialism? Now reality has reversed itself within a month. On the news you see hardcore rightwingers on Fox and major Republican senators decrying the bonuses AIG paid out to their employees. What the hell happened there? How can you call the fix to a future problem Socialist one month, then decry the problem it was designed to prevent after it occurs? Normally people can't get away with such flagrant deception, but something is deeply wrong at the top levels of the Senate and Administration, and it is Geithner and Summers.

The Obama administration leaned on Dodd, and Dodd caved to Geithner, Obama, and Summers and stripped the limits he has in place in the bill. Obama sided with the Republican opposition and turned on Dodd. Now that the bonuses are a scandal, the Obama administration has blamed Dodd for the bonuses, but it was Geithner and Summers that did the lean job! Dodd should have resisted the Obama administration, and ignored them. But that does not absolve the Obama team from responsibility here. Democratic senators will capitulate to Democratic presidents. The buck stops at the president's desk, not a senator's. Obama is in effect giving cover to the republican's about face on the issue of bailed out firm compensation caps. Until Obama takes responsibility for what his team did, the republicans will continue to defeat Democratic senators in detail. This is very ill news for the economy because without executive leadership and massive structural reform on Wall Street, the banking sector will not recover.