Kentucky to get 123.4 milllion from Interior for energy grants
Several large geothermal resource mapping projects are heading toward conclusion so that finally, the power source can be more accurately considered in siting new electricity transmission lines for renewable power development.
Why and how did the Obama Administration screw-up on the AIG bonuses?
By jimmiller5417 - Mar 18th, 2009 at 4:48 am EDT
Senator Ron Wyden tells us this truth:
"Moreover, Wyden says frankly, the Obama administration should have been better prepared to handle what was an inevitable political train wreck.
' I will say that I talked to most of the key members of the Obama team and I was not able to convince them of the value of the amendment that I authored with Senator Snowe," he recalled. "I think it is unfortunate. I think it was an opportunity to send a careful, well-targeted message, which would have communicated how strongly the administration felt about blocking these excessive bonuses. I wasn't able to convince them.' "
-Source: Huffington Post.
Why did the Obama administration not carry through on Barack's campaign promise of capping executive bonuses? How was it that members of the Obama administration whom Wyden contacted, failed to see the red flags and avert the political train wreck of giving away taxpayer money to employees of AIG which breached their bonus contracts by mal-feasance and non-feasance?
Mr. President, you need to have a long serious talk with your staff and fire the persons or persons responsible for ignoring Senator Wyden's effort to do the right thing. I'm beginning to doubt that there can be any change in Washington, D.C., starting with Tim Gietner who failed the President. The bald truth is that we have a failure of leadership among the second tier of the Federal financial staff.
Jim Miller