President Barack Obama was notifed a day after AIG gave $165 million bonuses to CEO's after the government outlay of $170 billion to save the company that was worth about $400 billion. President Barack Obama before a meeting of small businessmen in Washington at the White House told them that he had appointed Treasury Secretary and the Chairman of AIG to look at recourses of returning the $165 million to the government and to taxpayers.

The Chairman of AIG has talked about reconstructing the infrastructure of AIG pulling from other AIG companies to pay back the money and talked also about reducing political contributions and government lobbying. Although there has been news of a few CEO's returning the bonues, the Chairman did not tell of their names for their safety in the wake of public dissatisfaction. The Chairman of AIG did not suggest returning the bonuses as an option when he made his statement posted to the Washington Post.

Congressman Barney Frank has suggested that since Americans own 80% of AIG that they should have a say in how to recoup the $165 million after the government bail out of $170 billion. Other congressmen have suggested that AIG pay 90% tax on the $165 million CEO bonuses as a way of paying back the taxpayers.

The new Chairman of AIG had been on board as of September of 2008 and accepts only $1 in yearly salary. He said in his statement in the Washington Post that he works for his reputation. Although the $165 million bonuses were paid out a few days ago and he has been at AIG since September of 2008, he said that he was not there in time to stop the the bonus from being distributed. Critics has said that the Chairman was selected to speak for AIG as he would not be much to criticize as he only accepts $1 yearly salary.

After the meeting with the businessmen in the White House, President Barack Obama met with the press on the White House lawn and further reiterated his outrage at AIG's action of distributing the $165 million bonuses to the CEO's.

Previous Article about President Barack Obama on CEO bonuses on Wall Street as "Shameful" in the president's words

What will it take for President Barack Obama to fix the American economy? The Economic Stimulus Plan that is actually called the Economic Recovery and Reinvestment Act. The largest outlay of taxes and spending in the history of America became law on February 17, 2009 for job creations and other government uses.  President Barack Obama is headed in the right direction to fix the American economy.

President Barack Obama is not just sitting back and letting the economy do as it will as former President Bush sat on the sidelines while Wall Street spiralled out of control. President Barack Obama realizes that action is what is needed to stimulate the economy and to get the American people back working again.

In addiiton to the Economic Stimulus Plan that President Barack Obama won with congressional agreement of three Republicans, he is now saving about 9 million homes from foreclosure with the $275 billion Housing Plan that is due to be signed into law March 4, 2009.

After less than 30 days in Presidential office, Barack Obama has won passage of two major economic stimulus plans to turn the American economy around and to save the housing market. Tackling Fannie Mae and Freddie Mac was a tremendous task considering that $75 billion of the $275 billion will be needed to revamp the two ailing federal mortgage giants.

In tune with his campaign promises, President Barack Obama is telling Americans that they will be awarded with a $1,500 tax credit just for doing something that will save them money; that is, "green" clean technology. He is urges Americans to select energy efficient equipment to cool and heat their homes that will in turn save money for the consumer and ultimately help fix the American economy.

President Barack Obama is in the Presidential office at the right time to address the American public's concern about housing, health care, unemployment and energy efficiency. In the wake of Republican opposition to his economic plans, President Barack Obama has crossed party lines to nominate a Commerce Secretary only to see him step down because of his disapproval of a measure that was set in place to save and to fix the American economy. President Barack Obama has extended himself publicly and invited Congress to the White House as well to cross those stubborn bipartisanship lines. President Barack Obama was reciprocated with the three Republican votes that helped him to win the Economic Stimulus Plan not for himself but for the American people. These brave Republicans who stepped into the ring of dissent was Senators Snowe and Collins from Maine and Senator Specter from Pennsylvania.

President Barack Obama can not fix the economic crisis alone and he has said to Americans that he did not get the economy in this mess and the fix will not be an easy one. Coming off of the Bush administration of non regulation, Wall Street met with a market crisis even before President Bush got out of presidential office. President Barack Obama is seeking to tame or to fix the "shameful" million dollar bonuses of CEO's with a limit on their salaries to $500,000. That is a fix that will not shame America into rewarded billions of dollars to CEO's who flies jets to executive meetings while Americans are feeding their babies soda in bottles because they can not afford the cost of a gallon of milk.

In about 18 months, a more discreet answer can be made to whether or not President Barack Obama is fixing the economy or just "porking" it as some Republicans like to call the Economic Stimulus Bill and the Housing Plan. As President Barack Obama said about inaction in govenment, something has to be done to fix the economy and to not just let it lay there lifeless without the must needed jolt that must be done to fix the Amercan economy. The Americans need to not forget the campaign chant, "Yes, We Can. Yes We Can."