Does President Obama Think He is That Impotent?
President Obama sat in his newly acquired Oval Office today with Treasury Secretary Timothy F. Geithner and expressed his disgust/disappointment/anger(?) in Wall Street financial executives who, according to New York State comptroller, Thomas P. DiNapoli, took $18.4 billion in bonuses. Here are a couple of President Obama’s comments:
“That is the height of irresponsibility,” “It is shameful, and part of what we’re going to need is for folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility.”
“The American people understand that we’ve got a big hole that we’ve got to dig ourselves out of, but they don’t like the idea that people are digging a bigger hole even as they’re being asked to fill it up,” “There will be time for them to make profits and there will be time for them to make bonuses. Now is not that time.”
Mind you, President Obama and Treasury Secretary Timothy Geithner are putting together more “stimulus” and “recovery” projects. To the tune of something getting closer and closer to a trillion dollars.
Maybe instead of telling the American people how disappointed he is in the greedy financial executives involved, President Obama should disallow any future financial aid to their respective institutions. I mean really, the best he can do is to say ‘bad boys and girls!’ and not even directly to them?
I am also disgusted/disappointed/angry – but at our new president for such a useless and ineffective punitive action. Well, I also feel the same way about the bankers involved, but I am confident nobody cares…
I keep waiting for meaningful HELPFUL change…
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