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Obama: "Everybody's got to have some skin in the game."

On This Week.

People losing their jobs, their health care, and their homes? They've got skin in the game.

People who have problems getting fuel and food? They've got skin in the game.

Big Money? They've got skin in the game. Bien sur.

Except that's our skin, too. And it's our skin in their game.

Thanks to the bailouts, which gave Hank Paulson's golfing buddies two trillion dollars of our money, with no accountability and no transparency.

NOTE Via TalkLeft.

UPDATE From the transcript:

OBAMA: What we have to do is to take a look at our structural deficit, how are we paying for government, what are we getting for it, and how do we make the system more efficient?

STEPHANOPOULOS: And eventually sacrifice from everyone.

OBAMA: Everybody is going to have to give. Everybody is going to have to have some skin in the game.

On "shared sacrifice," Lambert, once again, apologizes for being prematurely correct; (01-07-2009; 2008-10-12, in the NOTE).

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a little night musing's picture
Submitted by a little night ... on

... and there is so much that troubles me these days,...

Obama often seems to come up with this sort of bizarre and vaguely inappropriate cliche when he's speaking without a script. For instance, his telling Rachel Maddow in the interview "You're cruisin' for a bruisin'."

The "skin in the game" comment is similarly bizarre.

chezmadame's picture
Submitted by chezmadame on

is a term reportedly coined by Warren Buffet. I don't think that Obama is using it correctly unless the working class consists of high-ranking insiders.

Word Spy has a definition that fits better in the context of Obama's remarks. What's really eerie is that Word Spy lists "drink the kool-aid" as a related idiom.