Today during his daily bloviating, Rush Limbaugh, the ad-hoc head of the Republican Tea Party (GOTP), falsely asserted that Sen. Chris Dodd (D-CT) inserted an amendment into the American Recovery and Reinvestment Act providing an “exemption from any limits on” contractual bonuses agreed to before February 11. In fact, Dodd’s amendment actually limited bonuses; it did not add “protection” for bonuses or “create a loophole” without which the bonuses could not be paid. Nor did it provide an “exemption from any limits” on bonuses agreed to before February 11.
During his broadcast of Premiere Radio Networks’ The Rush Limbaugh Show, Limbaugh said, “These bonuses were exempted by Chris Dodd in the “porkulus” bill. Dodd’s own amendment, just to remind you, provides an exception for contractually obligated bonuses agreed on before February 11, 2009, and these are — meaning, exemption from any limits on them.
The “porkulus” bill has an executive compensation pay limit, as you know. We’re limiting executive pay. Chris Dodd put in his own bill — his own amendment — that exempts bonuses from this limitation. And he’s out there now saying tax them at 90 percent. These people are the biggest frauds, artists of deceit — they all are acting. Every damned one of them knew that this was coming. They are the architects of this.”
Once again the self-proclaimed “truth meter” couldn’t be more wrong if he tried. But wait, he is trying, and he’s making it up as he goes along, or he’s just too lazy to check on all the facts. Personally, I think he’s just making it all up.
The Liberty Tree 