Obama slams Wall Street over bonuses
Music to our ears:
President Obama fired a warning shot at Wall Street on Thursday, branding bankers "shameful" for giving themselves $18.4 billion in bonuses as the economy was spinning out of control and the government was spending billions to bail out many of the nation’s most prominent financial firms.It's so refreshing that we finally have a President who is speaking out against corporate greed and piggishness. The next step is to back up these words with strong, decisive action. Those individuals who thought it was okay to help themselves in the midst of this crisis need to be punished. Harshly.
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"That is the height of irresponsibility," Mr. Obama said angrily. "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."
# Posted by Andrew : 3:56 PM
Comments:
Corporate greed and government perks give capitalism a bad name. However, Obama needn't be so smug. There's plenty of pork in his nearly 1 trillion dollar bailout package. $500 million to the NEA is outragious. This debt on the American people is outragious.
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