Thursday, February 11, 2010

The Banker Two-Step

Remember how it wasn't too long ago that Barack Obama was thundering some vicious rhetoric about how the eeeeeevil banks and 'fat cats' on Wall Street were still taking their bonuses? Remember how he set up a pay czar to limit how much said executives were allowed to earn?

Well, guess what? As with every word that passes Obama's lips, they are only valid for the moment in which they are spoken...after that, well, you clearly must have heard him incorrectly. Case in point:

First, it was the spending freeze that sent economist and NYT columnist Paul Krugman into a tantrum, saying that Obama "liquidated himself" by "embrac[ing] and validat[ing] the Republican world-view."

Today it's Obama's assertion that he doesn't "begrudge" big bonuses for two banking execs at JP Morgan and Goldman Sachs because, hey, he knows those guys to be "savvy," and there are a lot of baseball players make more than that, anyway.

The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”

“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”

Obama went even further, according to Bloomberg, and "sought to combat perceptions that his administration is anti-business and trumpeted the influence corporate leaders have had on his economic policies."

Cue Krugman, who calls the interview "clueless."

Oh. My. God.

First of all, to my knowledge, irresponsible behavior by baseball players hasn’t brought the world economy to the brink of collapse and cost millions of innocent Americans their jobs and/or houses...

The point is that these bank executives are not free agents who are earning big bucks in fair competition; they run companies that are essentially wards of the state.

And at the very least, you would think that Obama would understand the importance of acknowledging public anger over what’s happening.

The White House is already pushing back on the Bloomberg write-up of his 30-minute interview with him
You know what else he's saying with statements like this? YOU'RE STUPID. He can say one thing today and the exact opposite thing tomorrow and you'll swallow it because you're too stupid to know what's good for you. Remember his reasoning for the failures of DemCare? He didn't explain it well enough, or, to put it more bluntly, YOU'RE TOO STUPID TO UNDERSTAND HIS SUPER-SUAVE NUANCE.

This is how the Left looks at you and I. We simply cannot trust anything they say. They've proven their unfaithfulness and willingness to lie, cheat, and destroy anything and everything when their agenda is at stake.

There's my two cents.

No comments: