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

lambert's picture

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).

If you liked this post, buy the author some books.

Comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
a little night musing's picture

A thing that bothers me...

... 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.

We can't afford not to have single-payer!

chezmadame's picture

Skin in the game

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.

http://www.investopedia.com/terms/s/skin...

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. http://www.wordspy.com/words/putskininthegame.asp

Help the hamsters with their winter heating bill ...

… as they power the wheels that turn the servers at The Mighty Corrente Building. Please, won’t you help them keep their cages shiny?

No PayPal Account required! Give the hamsters immediate relief!

Or Subscribe to make a monthly payment!

Corrente is completely supported by contributions from readers. Thank you!

Download Citibank Plutonomy files

Part 1 [PDF]

Part 2 [PDF]

Good reading! Favorite quote: What could go wrong?
Beyond war, inflation, the end of the technology/productivity wave, and financial collapse, we think the most potent and short-term threat would be societies demanding a more ‘equitable’ share of wealth.

The 12 Word Platform

1. Medicare for All

2. End the Wars

3. Tax the Rich

4. A Jobs Guarantee

Senior fellows of The Mighty Corrente Building

Leah (CA), Lambert (PA/ME), RDF (??), BDBlue (DC), Hipparchia (FL), MsExPat (NY), letsgetitdone (DC), twig (LA), Tony Wikrent, (NC), jawbone (PA).

Corresponding fellows

danps.

Western Coordinator

coyotecreek

Correspondents

Health care reform: DCBlogger.

Fellows emeritus

mjs, Riggsveda, Tresy, Tom, hekebolos, chicagodyke, shystee, and Xenophon, Vastleft (MA), Sarah (TX).

Random term

Tahrir Square

I support Americans United for Separation of Church and State.

Americans United is dedicated to preserving the constitutional principle of church-state separation as the only way to ensure religious freedom for all Americans.