Updated 03/19/2009 06:08 AM
AIG dominates NY 20th campaign
ALBANY, N.Y. -- "When you owe someone money, you pay them back," said AIG CEO Ed Liddy.
Congress puts Liddy in the hot seat over bailout bonuses.
"I am asking you to give us the names of the people who have received bonuses but have not given them back," said Barney Frank, a Congressman from Massachusetts.
And as lawmakers scramble to save face, 20th District special election candidates are making AIG a campaign issue.
"My opponent said he was going to vote for this bill. He either didn't read it or he supports putting millions of dollars of taxpayers’ money into bonuses," said James Tedisco, Republican candidate for Congress.
It is correct that inside the stimulus package was wording allowing for bonuses agreed to before the plan was passed. But Democrat Scott Murphy says what is incorrect is the way Tedisco says he supports giving AIG bonuses, but supporting the stimulus plan.
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"That is just totally garbage. What is he is doing is trying to confuse people. What happened here, the error was with the original Bush bailout. Kirsten Gillibrand voted against it, I would have voted against it," said Murphy.
Murphy spent Wednesday afternoon outside Shenendehowa High School highlighting why the plan is working.
"Things are getting funded, people are getting work. That is what the stimulus is supposed to do," said Murphy.
Tedisco said Monday he does not support it. But that didn't stop the United States Chamber of Commerce from endorsing Tedisco even though it disagrees.
"There's plenty in that bill we don't like, earmarks and pork, but on balance, we thought it was the right bill at the right time," said Geoff O'Hara, U.S. Chamber of Commerce Northeast Regional Director.
"They are very supportive of the pieces in the bill that are good," said Tedisco.
Both men want bonus money returned or retrieved. But, the real problem remains, what to do with AIG. Keeping it propped up has already cost $170 billion and American tax payers aren't getting any bonuses for doing that.