Obama on Golden Sacks, JP Morgan CEOs: "I know both those guys; they are very savvy businessmen."
Bloomberg today reports President Obama as commenting on the $17 million bonus for Jamie Dimon of JP Morgan Chase and the $9 million bonus for Lloyd Blankfein of Goldman Sachs,
“I know both those guys; they are very savvy businessmen,”
““I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”
Taken separately, these statements are undeniably true. But put them together in the context of the Bloomberg story – we have to wait until Friday for the full text of the interview – and the White House has a major public relations disaster on its hands.
Yeah, they're "savvy" alright. Savvy at extracting trillions of dollars from the taxpayers (and then paying themselves bonuses for doing it).
Dunno about "public relations disaster," though. I don't see anything on the front page at the Kos, or Open Left, or FDL, although Atrios links to Krugman who links to the Bloomberg interview that Johnson cites. Digby, to her credit, links and posts, writing:
The only thing you can conclude is that this is a matter of principle for him and that he truly believes that these people are worth that kind of money despite the fact that they nearly destroyed the world financial system and are benefiting from its chaos and failure.
Yep. You don't bat zero for the season without a plan. Although the plan was evident from long ago, in fall 2008, when Obama whipped for TARP.
UPDATE TalkLeft covers the story two, though BTD says it's a "one day story." And the Obama apologists are out in force over at the Plum Line. All the apologists are full of it. The banksters aren't "savvy businessmen;" they embody "reckless banking."