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President Obama slammed the bonuses handed out by Wall Street firms, calling them "shameful" and the "height of irresponsibility." He was referring to NY State Comptroller Thomas DiNapoli's report on the bonus situation: While total 2008 bonuses were down 44% versus 2007, the $18.4 billion doled out was still the 6th largest bonus year ever. The average bonus was $112,000 per recipient; Obama said, "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."
Vice President Joe Biden said, "I’d like to throw these guys in the brig. I do know what they are thinking, and they are thinking of the same old thing that got us here: Greed. They are thinking: ‘Take care of me.’" And Senator Christopher Dodd, chair of the Senate Banking Committee, told reporters, “I’m going to look at every possible legal means to get that money back...I’m going to be urging -- in fact not urging, demanding -- that the Treasury Department figures out some way to get the money back."
Speaking of pay, Obama signed his first bill today (pictured above): The Lilly Ledbetter Fair Pay Act of 2009, which, per the White House blog, "which will make it easier for people to get the pay they deserve -- regardless of their gender, race, or age." Ledbetter had sued Goodyear over disparate pay, but the Supreme Court ruled companies are protected from discrimination lawsuits that aren't filed within 180 days. The new bill essentially reverses the Supreme Court ruling.
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"... but the Supreme Court ruled that protected companies from discrimination lawsuits that aren't filed within 180 days. The new bill essentially reverses the Supreme Court ruling."
Shouldn't that read "... the supreme court ruled to protect companies" not "ruled that protected companies"..?
Why are all the women wearing red?
Ever heard of a scarlet woman?
For the same reason old British soldiers did: so nobody will notice the blood-stains.
why aer all the women wearing red??/.. perhaps for teh same reasoin rthe new pepsi can shows the red highwer and takign over...
harlema dn wqueens stili reltivetioly inecxpencive..
Isn't a signing ceremony for a bill relating to discrimination in compensation by domestic employers an odd place for the Secretary of State to be found?
She's already running for 2012.
http://i189.photobucket.com/albums/z156/presto_ktd/pimp.jpg
oh yeah, the ladies love obama. they're wearing red to look hot.
i wonder how long it will be until we have another sept. 16, 1920 on wall street.
My wall street buddy has leather floors in his apartment. Leather floors and 4 flat screens. Not sure the economy's affected him much.
Your Wall St buddy has people looking for him -as we speak- bent on taking a stool sample from his crooked azz BY FORCE.
"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."
FOOL!. You don't ASK these douchebags to do the right thing: you MAKE THEM by using all the powers at your disposal to beat, pummel and force them into compliance.
Looks like this Tiger Woods guy is gonna turn out to be just as ineffectual as the previous retard you people had.
So why are the Democrats crying about huge bonuses? They bigger the bonus, the bigger the amount of taxes that can be collected. I think it's just Democrats trying to stir up class envy. Biden and Clinton are both standing there grinning like a Cheshire cat with millions in the bank.
man the pres is really using that signing hand of his.
moar, mr. president.
Is this a joke? I guess now that the public is firmly against Wall Street the politicians feel safe piling on. Too bad they have been taking money from Wall Street for years.
And what is this "stimulus package" but Obama giving even bigger unearned bonuses to his political allies like ACORN?
The whole system is corrupt from Washington to Wall St. The only "change" Obama has brought is the increased scale and brazeness of the criminality.
I don't get it; first the guy campaigns on change ..then continues to plow head-on into the iceberg by doing the same stupid things that the previous Stupid was doing.
This is stupid.
Not that having massive package of pork and calling it a stimulus package is any less irresponsible.
I agree. I read through some of the pork 'add ons' in that bill. 'Smoking cessation programs?' Business as usual. This is supposed to be an emergency bill.
The whole government is as disgusting as wall street. Probably because they're one in the same. Anyone calling for true reform is branded a nutcase.
Oh well.
Yes, this is spending for the sake of spending. It is spending in order to stimulate the economy. It's called Keynesian economics. http://en.wikipedia.org/wiki/Keynesian_economics
If it doesn't actually stimulate the economy you can't call it stimulus. Smoking cessation programs and putting new sod on the National Mall will not stimulate anything. If you're going to call it a crisis and pass a massive spending bill it should be loaded with projects that provide the most bang for the buck. They aren't going to get a second shot at this.
The reason these companies needed a bail-out in the first place is because they were irresponsible.
So the government rewards their irresponsibility with a boatload of cash no strings attached, then feigns shock and disgust when they continue thier irresponisble ways?
You're the irresponsible jackass Obama. What do you expect from a president who appoints a tax cheat to be treasurer.
Truly hollow words coming from a man who just had the most expensive inauguration in history.
Yes it was. But the "people" love him.
Has anyone informed all those ladies that the color red makes you look fatter?
I just noticed that Obama is left handed. That is a genetic trait of the Irish. I thought he was African. What gives?
There's also a correlation between left-handedness and homosexuality. Obama does seem like a closet queen.
Yes, he has some European roots as well. Where do you get the information that left-handedness is 'Irish' though? Never heard that.
Reportedly his great-great-great-grandfather was Irish:
http://www.washingtonpost.com/wp-dyn/content/article/2007/05/12/AR2007051201551.html
By the way, Ford, Reagan, Bush Sr., and Clinton were all also left handed. Obama makes it five of the last seven Presidents.
One other thing about that photo that is really upsetting is that all the chubby broads are grinning away. Meanwhile three of them have blonde hair that hasn't been seen in forty five years, another looks like she stole Donald Trump's hair piece for the photo op and the last one looks like she uses Shinola, in the ultra black color, for her hair dressing.
The guys look fine. They have the normal gray haired extinguished look.
I was sure that the inauguration was funded or at least subsidize through donations. http://tinyurl.com/9da4kx
Still, point taken about the ridiculous pork stimulus. My guess is that Obama's looking for the Senate to make significant rewrites. We've still got 2 weeks to pass it and meet Obama's goal.
GUILLIOTINE those bankers in a public plaza
The scolding of the Wall Street is a bit hypocritical considering the record donations he got from them during the campaign as well as for the extravagant 170 million inauguration. I thought it was fun to see http://edgeoforever.wordpress.com/2009/01/30/ny-tabloids-food-fight/ ">the war of the tabloids on this
Hypocrisy in government? No!
Boy, ides and Snoopy are jackasses.
Just sayin.
It's really not nice to say things like that about Boy and ides.
What's so hypocritical about scolding Wall Street when they've done wrong? If someone gives you a donation, you thank them. If you find out they're idiots, you call them idiots. He didn't tell them to be idiots, and it's not like they'd have given that money to any of us, instead of him.
Call me jaded but it's lip service for the cameras.
Like any other pol, he'll accept the bags of cash with one hand and wag a finger with the other.
When pen hits paper, the special interests will get what they want. Schumer and HRC were shameless Wall St. whores.
The same dog and pony show went on when Paulson and Bernake first put their hats out. Voters were outraged, Congressmen feigned disgust to placate them, put up a brief resistance, and then gave up the farm.
I really *want* to believe what the kool-aid drinkers do. BO is smart, almost too smart, and talks the talk very well.
That said, he's filled his cabinet with Clinton era retreads.
A real ballsy 'change' move would have been to appoint the 'eater's manifesto' guy Pollen to his cabinet, but instead he went with a GOP farm state shill. The same thing happened with DOT. (The DOE choice was sweet, OTOH.)
GWB was the kind of guy who would openly say he'd F*ck you in the ass, and let his friends take a turn, and then go ahead and do it.
BO is more the type that wines and dines you, tells you he loves you. The next thing you know you wake up post-roofie with a bleeding ass.
I think that choir group is excellent, except for the fat one with the big lapels. She couldn't keep up with the other gals during "I Touch Myself".