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GLENN: If I hear one more question or one more problem that is being solved supposedly by the people who created the problem, I think my head is going to pop. Barney Frank said yesterday afternoon that they've really got to tackle this AIG thing. Chuck Schumer said now that they are ready to tax all of these AIG bonuses away. America, when are your neighbors going to stand up? When are your neighbors going to stand up? We're not playing politics. You want to tax -- this is the most unpopular position anyone can have in America right now, to stand up for these AIG bonuses, and that should tell you something. When it's wildly unpopular in Washington, when it's wildly unpopular with Washington and with the American people, it's only absolutely right or absolutely wrong. In this case it's absolutely wrong. Why? Because has anyone applied a single principle to this? What are the principles we're trying to say? What we're trying to do right now is soothe the savage beast. We're trying to whip up outrage to channel the outrage and to channel it against these people at AIG. That's all we're trying to do, channel America's outrage to AIG. We're not trying to solve the problem. If we solve the problem the way Washington wants to solve the problem, and the Republicans and the Democrats are trying to outdo each other on this: "Oh, I can screw the American future much more than you can. Are you kidding me? We've been screwing Americans since 150 years ago. You guys are rookies." That's practically the debate we're having in Washington right now, which party can screw America's future more than the other one, and here's why. When it comes to the AIG bonuses, this was a contract. They're in contracts. Christopher Dodd -- listen carefully. Christopher Dodd wrote in the bailout bill that you could not violate contracts that were written and signed prior to certain date. It was February something or other. If it was signed before that period, you couldn't mess with the contracts. Christopher Dodd led the charge.
Let me just point out Christopher Dodd was the biggest recipient of AIG donations, by the way, for reelection. Christopher Dodd, the largest recipient of AIG donations for his reelection campaign. Barack Obama received a bonus of over $100,000 from AIG. His campaign also real high up on the list. In fact, it was number two, coming in at number two but still reaches for the stars, Barack Obama. So Christopher Dodd does everything he can to protect those guys in AIG and specifically writes into the contract that you cannot violate the contracts. Who's the first person to come out against these bonuses? You'll never guess. Christopher Dodd. Why? Because Christopher Dodd is now seeing his poll numbers shoot through the floor in Connecticut. He's being beaten now in a, you know, bogus poll of, "Hey, would you run against this guy? I think he was a child molester." The child molester is winning! He's not a child molester?
STU: You are speaking of course not specifically --
GLENN: I don't know who -- I just know he is losing in a poll to a guy who --
STU: Worse than a child molester. A Republican! Can you imagine?
GLENN: Oh, I can't. In Connecticut? No, I can't. All right, so look, here's the thing. The only reason why Christopher Dodd led this campaign is because he wants his power. First he wanted his money; he got his money. Now he wants his power. They want their cake and they want to eat it, too. I say let him eat cake. Does this thing end in the guillotine? So now Christopher Dodd was the one who put this in the contract. We have to honor that because it's in a contract that we must -- that we wrote, that Christopher Dodd wrote, it must be honored if it was signed before this date. So there's no way out, unless you violate the contract that we signed, that we drafted as we the people with a good, steady hand of Christopher Dodd. I don't know which hand he wrote it with because I know he had his hand in AIG's pocket at some point. I don't know if he had both hands on the desk while he was writing it.
So now here's the principle. Here's the principle that you have to ask yourself. For instance, let me make this out of -- take this out of the AIG thing. Double jeopardy. Double jeopardy sucks, doesn't it? Do you know that O.J. Simpson tried for the murder of Nicole Simpson which he had nothing to do -- you know and I know. Innocent? Hmmm, really? If O.J. Simpson came out of the courtroom and they tried him for murder of his wife and then he walked out, "Boy, you guys got this wrong. Woo-hoo, I killed her." We couldn't get him for murder. It's double jeopardy. Now, why is double jeopardy -- that's wrong, isn't it? He could say that? No. Because once you're acquitted of a crime, it stops the government from keeping you in the court system over and over and over again. It stops from an abuse of power.
Okay. So as much as it would suck, we have it there because our founders knew you don't trust an out-of-control government. You don't give them that kind of power. They got a shot, you better make it, make it a good case. If you blow it, sucks to be you. It's not something that I would feel good about with O.J. Simpson or a child molester or anybody else. It's not something that would make you feel good, but you uphold that principle because it is important. How are these AIG bonuses important? These people are the ones who caused a lot of this problem. That's what they'll tell you. Well, some of these people at AIG are. Some of them, a majority of them are not. Some of the parts of AIG are actually profitable. But you know what? None of that matters. They have a contract. You want to break a contract, then you file Chapter 11. You let the company fail. If the government can just break a contract, well, then how do you know you're safe? It's their contract with AIG that they would have to break first! They would have to break two contracts, the one they made with AIG that Christopher Dodd wrote and then they would have to break the contracts that AIG broke. They have to break two contracts. "Well, if I can't trust the United States government and their contract, why should I trust their money. Why should I trust the treasury. Why should I trust the Fed. I know I can't trust Washington and congress and the White House. I haven't been able to trust them for years." Why should you trust the contract that you have with your boss? Why should the unions be able to trust their contract? We know that answer. Because they're in the right political party, because they happen to be in favor. But let's flip this around, Democrats. Let's say you get Ronald Reagan in there. Are you going to break that contract? Are you going to be all for breaking contracts whenever you decide that it's okay, whenever the people are for it? We are not a respecter of men. We are a respecter of laws. That's the principle. Do we believe in law anymore in this country? Apparently not. Because if you are an illegal alien, well, then you've got other things going on. And gosh, why are you -- why do you hate them so much? I don't! I happen to love the law. But they've made law so complex, you can't even follow it anymore! You can't follow anything. 80,000 pages from the IRS. Follow it. Do your best. Follow it. 80,000 pages. How do you even know what to do? All you need to know is you do the politically correct thing and you're going to be okay. That's not America.