Video: Wall Street bonuses this year “shameful,” says Obama

posted at 8:43 pm on January 29, 2009 by Allahpundit

Can we get bipartisan consensus on this one, or is there some obvious argument I’m missing for why the worst Dow performance since 1931 merits some sort of “bonus”?

Actually, here’s the argument: You don’t want these poor lovelies to have to date beta males, do you? Click the image to watch.


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Can we get bipartisan consensus on this one, or is there some obvious argument I’m missing for why the worst Dow performance since 1931 merits some sort of “bonus”?

I will try to answer your exit question, AP.

My spouse was one of those “wall street types” who got a bonus, except we live a really long way from Wall Street. He runs several offices for a large firm. The revenues in his offices were up over 30%. Assets under management increased as well. In layman’s terms, the clients made money.

Just because some idiots high up on the food chain made some exceptionally poor decisions, does that mean that my spouse doesn’t get his well deserved year-end compensation? Should he have worked for free? After all, the bulk of his compensation isn’t his salary, it’s his year-end, performance based bonus. The performance in his area was exceptional.

Please don’t lump all executives of all major firms into one pile and call them evil. Some people actually earned their compensation.

pullingmyhairout on January 30, 2009 at 12:53 PM

getalife on January 30, 2009 at 10:09 AM

Reject the politics of fear.

Jim Treacher on January 30, 2009 at 12:57 PM

Also, is it me or is he also not the most patronizing President we’ve ever had.

EyesOpen on January 30, 2009 at 10:33 AM

It’s not you – he is, as well as the most arrogant in my memory.

uncivilized on January 30, 2009 at 1:03 PM

Now this is the ONLY area where i agree with the Liberal commmunists..

NOT because i am against capitolism no i am all for it

But as i watched the banks all crashing and exploding into fireballs
On wall street I watched as bank CEOS jumped out right before the Wreck with half of the funds they fraudulenty stole stuffed in their pockets..

On wall street i aslo Watched as Ceos (probably to cover their hasty departure) kept handing out BILLIONS in Bonusus
as their ships all plowed right into that big iceberg CALLED
FRAUD ..

So i fault the republicans 40 % for this disaster becasue
they wanted their piece of the pie and didnt want to do
what was right in Gods eyes..

Oh no the republicans were just as bad they just raided the 401k and wall street with their friends
Before and during
the liberals forcing all of the banks to loan money to every illegal on the planet..

So republicans were raping wall street
while Liberal democrats were Giving Fany and Freddie AIDS..

Shhesh and they cant figure out why we dont trust ONE of them..

I say its almost time for a
New Revolutionary WAR..
and begin our march
On WASHINGTON
And after we Cleanse it
We march up to wall street and arrest and try
EVERY CEO and CFO and Wall street speculator
for the past 8 years..

jcila on January 30, 2009 at 1:05 PM

Please don’t lump all executives of all major firms into one pile and call them evil. Some people actually earned their compensation.

pullingmyhairout on January 30, 2009 at 12:53 PM

Some executives, like those at Lehman or Bear, did a great job for their firms and were left unemployed. In addition to individual performance, compensation is usually also a function of how well the company does.

If you pick the right company in the right industry and do an OK job, you might get really rich–say being employee number 100 at Google. Others might be very strong performers in a poor company or in an industry that is downsizing. Finance, right now, is one of those industries.

I hope your husband does well. In 2009, in finance, victory might consist of little more than just being one of the survivors.

dedalus on January 30, 2009 at 1:17 PM

Obama’s right. All private businesses are shameful. He should cancel the stimulus package just to stick it to them.

Ronnie on January 30, 2009 at 1:46 PM

jcila on January 30, 2009 at 1:05 PM

Dude, you really need to put the crack pipe down, quit drinking Red Bulls and get some help soon.

Jenfidel on January 30, 2009 at 1:47 PM

Dude. Treacher’s on a roll in this thread. Someone should save this for posterity.

TheUnrepentantGeek on January 30, 2009 at 1:54 PM

More shameful is the performance of the Dimocrats in congress, they blame everyone but themselves. They should all go w/out pay and retirement benefits.

la.rt.wngr on January 30, 2009 at 4:25 PM

Your 20 years in a racist church is shameful.

And disgusting.

Save the lectures.

artist on January 29, 2009 at 8:55 PM

Amen. That’s an excellent point!!

Callie C. on January 30, 2009 at 9:21 PM

Obama has really bought into “Obama”.

His body posture and speaking cadence are annoying imo.

In this clip, he’s sitting casually..his forearms on his knees and speaking to successful adults in a demeanor that mimics the way a parent would “explain” things to their children who have misbehaved. Annoying imo.

Hey Daddy!…SUCK IT!

Itchee Dryback on January 30, 2009 at 10:13 PM

I’m no more offended by a Wall Street’ CEO’s bonus than I am a Hollywood entertainers multi million dollar deal, a sports players multi million dollar deal or a professional poker player earning several million a year.

The only difference would would be that the CEO’s actually work.

Will Obama be similarly outraged with his own multi million dollar book deal after his failed presidency?

Mr Purple on January 31, 2009 at 6:38 AM

Comment pages: 1 4 5 6