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« House Will Vote on D.C. Voting Rights Bill | Blog Home Page | Gibbs: Obama "New Sheriff In Town" On Executive Compensation »

GOP Aims AIG Criticism at White House

While Democrats made various proposals today regarding the bonuses received by AIG executives -- from pushing the execs to give the money back, to taxing the bonuses at an incredibly high rate -- House Republicans have used the opportunity to hit the administration for its lack of oversight.

"Two weeks ago, the President's spokesman said that they were confident that they knew how every dime was being spent at AIG," Majority Leader John Boehner said this morning at press conference. "Well clearly, they didn't know what they were talking about. I think this is outrageous, and I think the American people are rightly outraged that their tax money is going to pay bonuses to the very people who got this company in trouble."

"One of our biggest concerns with the bailout, the stimulus, and government intervention in the private market was the stunning lack of accountability for taxpayer dollars," Whip Eric Cantor said today in a press release. "To date the Administration still has not put forth a plan to show taxpayers how the government will be accountable for how their dollars are spent."

Speaking from the House floor today, Conference Chairman Mike Pence compared favorably reactions to the President's budget to the outrage over AIG.

"Now, much in the media today is focused on the frustration over a large business -- specifically A.I.G. ... But I also heard an enormous amount of outrage in my district yesterday about this Administration's budget," Pence said. "And as I explained the metes and bounds of this budget today, the outrage about A.I.G.'s bonuses, the outrage about bailouts had suddenly met its match."