President Obama Gives the Business to

[Generic Other]

Run time: 05:53 https://www.youtube.com/watch?v=FMI-pKpc8fU   Posted on YouTube: January 29, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: January 29, 2009 By DU Member: Generic Other Views on DU: 882

 
WASHINGTON (AP) — President Barack Obama says it is irresponsible and shameful for Wall Street bankers to be paid huge bonuses at a time when the American public is dealing with economic hardship. The president reacted harshly Thursday to reports that corporate employees got paid more than $18 billion in bonuses last year.

Said Obama: "That is the height of irresponsibility. It is shameful."

The president said he and new Treasury Secretary Timothy Geithner will have direct conversations with corporate leaders to make the point.

Obama said there is a time for corporate leaders to make profits and get paid bonuses but now is "not that time."

Still worried we'll wake up and George will be president at
http://www.michaelmoore.com

[Thrill]

1. It is a shame how greedy those people are

[whistle]

2. These actions by Wall Street bankers awarding themselves $20 billion

...in bonuses after receiving bailout cash is not shameful, IT IS A SWINDLE OF AMERICAN TAXPAYERS and these executives should be prosecuted and the bonus funds need to be repaid or returned to the banks under defined conditions on how that money is to be used.

[cynthia]

6. can we press charges?

Who can do that? Our new attorney general? Pay it back to the treasury or we'll seize your assets until it is repaid in full.

[BeyondGeography]

3. Politically speaking, he's shooting fish in a barrel here

And the tone in his voice tells you he isn't just playing politics either.

[Generic Other]

4. Digging a bigger hole as we are trying to fill it up

He said just what needed to be said!

[Piewhacket]

5. Obama is awesome. Thank god adults are now in charge.