Yeah, it's great to have "the adults" back in charge.

Selective Outrage^TM strikes again.

The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

Administration officials have concluded that this approach is vital for persuading firms to participate in programs funded by the $700 billion financial rescue package.

In other words, now that Zero needs the Fat Cats' money to make the "toxic asset bailout" plan work, he's going to try to punch holes in the very laws he demanded in the first place when he was "shaking with outrage" once the "outrageous" bonuses at AIG were "disclosed".

Awesome.

Captain Ed Morrissey summarizes it thusly:

It will be a toss-up to see which effort the court finds more ridiculous — the bill of attainder passed by Congress with Barack Obama’s explicit endorsement, or Barack Obama’s hypocritical efforts to undermine the law he demanded in the first place.  It’s Keystone Kops at Treasury, Capitol Hill, and the West Wing.

Yep.  It sure is great having The Adults^TM back in charge of things.

Posted by: DocJ at 12:02 PM | No Comments | Add Comment
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