Obama changes tone towards Wall Street

posted at 10:55 am on February 10, 2010 by Ed Morrissey

My, how times have changed.  When Obama held soaring approval ratings, he liked to rail against fat-cat Wall Street executives, inciting class warfare by calling their compensation “obscene,” accusing firms of “the height of irresponsibility” and designating their bonuses as “shameful.”  Last spring, Obama warned banking-industry leaders that he was all that stood between them and the pitchforks, a not-at-all subtle demand for them to start playing ball with his intent to impose heavy regulatory burdens on their business.  Now, Jake Tapper notices that Obama has a different take on Wall Street in his interview with Bloomberg today:

Asked about the $17 million bonus given to Jamie Dimon, the CEO of JPMorgan Chase & Co., and the $9 million bonuses going to Lloyd Blankfein, CEO of the Goldman Sachs Group Inc. CEO, the president said, “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.”

“I do think that the compensation packages that we’ve seen over the last decade at least have not matched up always to performance,” the president said — a rather serene response relative to some of his previous language on the matter.

The seeming shift in tone comes at a time that Wall Street executives have been relaying to the White House that the president needs to be more encouraging of their efforts if he expects them to be part of the solution in terms of job growth. Several business executives have told the administration that attacking businesses so vociferously doesn’t exactly help create a positive business climate.

But what about bonuses now?

In the half-hour interview with Julianna Goldman and Mike Tackett, the president expressed approval for the fact that the Dimon and Blankfein bonuses were paid in stock, thus requiring “proven performance over a certain period of time as opposed to quarterly earnings.” The president called that a “fairer way of measuring CEO success and ultimately will make the performance of American businesses better.”

It was just a few weeks ago that Obama called multi-million dollar bonuses at TARP-recipient financial institutions “obscene.”  Four months ago, he set his Pay Czar onto the task of clawing back bonuses from these same firms.  What changed?  Wall Street woke up.  Just two days ago, the New York Times reported that Obama and the Democrats had managed to make financial leaders — who had become big donors to Obama and the Democratic Party — into Republicans in one short year.

Tapper wasn’t the only one to notice this flip-flop from the President whose expiration dates have become legend.  Times columnist Nicholas Krystof tweeted his disapproval this morning:

Ouch: Obama says he doesn’t begrudge $17 m bonus on Wall St, quasi-defends bonuses. I begrudge ‘em.

Obama made the mistake of acting like a bull in a Wall Street china shop during a bear market, deliberately inflaming class warfare and making clear the Democratic antipathy towards wealth and success.  In doing so, he alienated the very people who funded his rise to power (who deserved the Captain Louis Renault award they got two days ago for doing so), pushing them by default into the ranks of his political opponents.  With his approval ratings plunging across the board now, he can’t afford to lose his campaign ATM on Wall Street.

But this path has danger for him as well, at which Kristof’s tweet hints.  Obama’s money came from Wall Street, but his energy came from the hard Left, who saw him as America’s first class-warrior President since perhaps FDR, or ever.  If he abandons that effort now, Obama and Democrats can expect a lot less energy from the Left and less money from a disillusioned Wall Street who saw him more as a pragmatist before the election.  He could get a few of the Wall Street defectors back on board with a new embrace, but he’ll lose the people who made him a political phenomenon.


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hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

His journey towards the dark side is now complete.

Obama – the ‘m’ stands for milquetoast.

Skywise on February 10, 2010 at 10:59 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

It’s called the Quote of the Day. Do a little research.

Doughboy on February 10, 2010 at 10:59 AM

“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.”

Ed, do you think Tapper properly attributed this quote to the president?

I read this with a look of, “WTF?”

He’s not begrudging it except when he’s begrudging it. Bring out the juxtaposed videos of him NOT BEGRUDGING success and the free markets over the last year. Start with Joe the Plumber.

ted c on February 10, 2010 at 10:59 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

You are such a needy tart. Why don’t you post it on your blog???

Oh – I heard that didn’t go well…

Chris Matthews eviserating Palin’s lack of intellect

Funniest post today.

Odie1941 on February 10, 2010 at 10:59 AM

Now there isn’t much separating the pitchforks from The One. Game change.

Philly on February 10, 2010 at 10:59 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

Maybe when you learn to spell eviscerate.

rockmom on February 10, 2010 at 11:00 AM

So now Obama is a free market advocate?

You lie!

percysunshine on February 10, 2010 at 11:00 AM

Can the guy make it a little less obvious with his blatant hypocrisy? The DOW dips below 10,000, Wall Street execs start to openly express frustration with the Admistration, and suddenly Obama does a 180 on bonuses? Yeah, what a coincidence.

Doughboy on February 10, 2010 at 11:01 AM

You kicked those dogs once too often Barry. What? You never imagined they’d turn on you? Are you really such a simpleton? Go ahead try to appease them,but the Wall Street and corporate $$$ that once funded your dream will now be spent extinguishing it.

ROCnPhilly on February 10, 2010 at 11:01 AM

Palin Steele on February 10, 2010 at 10:57 AM

Captain Leg Thrill, you mean?

lorien1973 on February 10, 2010 at 11:01 AM

Just two days ago, the New York Times reported that Obama and the Democrats had managed to make financial leaders — who had become big donors to Obama and the Democratic Party — into Republicans in one short year.

How to turn a liberal into a conservative? Mug him.

Example numero uno.

ted c on February 10, 2010 at 11:01 AM

Must be election season , let fool the suckers again.

Sandybourne on February 10, 2010 at 11:02 AM

::facepalm::

So soon, Obama? Just a few days of political (and financial) pressure on democrats and BAM, a complete reversal of course. Triangulation is supposed to be slick and subtle, confounding and frustrating to opponents, but successful when it comes to policy implementation. Obama’s “triangulation” is blatant and clumsy, provides nothing but new attack lines for opponents, and gets NOTHING done when it comes to policy.

Obama’s political style reminds me of his jump shot, limp wristed.

ernesto on February 10, 2010 at 11:02 AM

This is really hilarious to watch. Obama is trying to tack back to being reasonable after spending a whole year running around yelling like Hugo Chavez. But it’s all tactics now. And it will do nothing but leave his most ardent supporters wondering what exactly he does believe in.

rockmom on February 10, 2010 at 11:02 AM

There is no ‘fixed truth” with these guys. Obama and his happy band of radicals will say anything… so why does it matter what they say and/or when they say it? A delicious short rock video sums these guys up beautifully … [the hippies got a finger on the button]—Goodbye Miss America.

deedtrader on February 10, 2010 at 11:02 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

“eviserating”? “eviserating a lack”? How old are you? Does mommy know you are on the computer again?

ROCnPhilly on February 10, 2010 at 11:03 AM

Can the guy make it a little less obvious with his blatant hypocrisy? The DOW dips below 10,000, Wall Street execs start to openly express frustration with the Admistration, and suddenly Obama does a 180 on bonuses? Yeah, what a coincidence.

Doughboy on February 10, 2010 at 11:01 AM

You didn’t expect him to criticize his two buttboys, Dimon and Blankfein, did you?

rockmom on February 10, 2010 at 11:03 AM

In doing so, he alienated the very people who funded his rise to power (who deserved the Captain Louis Renault award they got two days ago for doing so), pushing them by default into the ranks of his political opponents. With his approval ratings plunging across the board now, he can’t afford to lose his campaign ATM on Wall Street.

Looks like this ideology will only float a boat so far.

How do you like that Wall Street “fatcats” and “bankers.”? You got thrown down the steps by this guy and now he wants to help you up. You guys are either stupid and loyal, or you were stupid and now you’ve wised up. Are you going to turn stupid again????

ted c on February 10, 2010 at 11:04 AM

Who the eff does Obama think he is? His opinion of Wall Street bonuses is meaningless. As President, the filthy lying coward should do what is necessary to stay out of the way and let businesses turn a profit. Not one politician in Congress is doing anything to increase revenue. If these corporations want to set up a pay structure where executives are given bonuses, the government really doesn’t have any reason to weigh in as the rat bastard traitor and his party constantly do because they resent success that isn’t government-given.

highhopes on February 10, 2010 at 11:04 AM

Show me the money.

Keep at it, Barry. Your instinct to play things right down the middle when faced with a tough choice is good for the GOP. Keep making sure that nobody is happy with you.

Can’t I just eat my waffle?

Doodad Pro on February 10, 2010 at 11:04 AM

Hope and Change, and change back, and then change again, and then change back.

Bishop on February 10, 2010 at 11:04 AM

In doing so, he alienated the very people who funded his rise to power

Idiots. I begrudge ‘em for that.

forest on February 10, 2010 at 11:05 AM

Obama’s political style reminds me of his jump shot, limp wristed.

Reminds me of his bowling game.

percysunshine on February 10, 2010 at 11:05 AM

It’s all Kabuki!

Dr Evil on February 10, 2010 at 11:05 AM

Pitchfork sales drop.

Wethal on February 10, 2010 at 11:05 AM

I wish everyone would call them “commissions” rather than “Bonuses”. I think people would understand and accept them better. A bonus implies a gift, commission implies earned monies.

redshirt on February 10, 2010 at 11:06 AM

From bonuses are evil to bonuses are savvy. What an intellect. No wonder Palin Steel obeys his commands.

kingsjester on February 10, 2010 at 11:06 AM

Considering he wasn’t lambasting the head of Fannie Mae and Freddie Mac for THEIR ‘obscene bonuses’, being GSEs and all, one does wonder if the President is getting the hint that he is looking duplicitous on the issue. And wrong-headed.

Probably just a minor tack so he can attack from some new angle, like how America is not fully invested in these companies and they really need some more federal ‘help’. As if anyone will ever take him up on that after the last time around…

ajacksonian on February 10, 2010 at 11:06 AM

Memo to Wall Street: It’s a trap! Dear Liar believes in “spreading the wealth” not wealth creation. Do not go back to supporting him.

rbj on February 10, 2010 at 11:06 AM

You didn’t expect him to criticize his two buttboys, Dimon and Blankfein, did you?

rockmom on February 10, 2010 at 11:03 AM

If he had b@lls, yeah I would expect that. Or at least he could talk in generalities about how excessive bonuses in bad economic times are wrong without specifically defending those two.

But all this does is further the narrative that if you’re paid up with this White House(like the unions), you’ll always have a seat at the table.

Doughboy on February 10, 2010 at 11:07 AM

CHAMELEON !

Sandybourne on February 10, 2010 at 11:07 AM

How to turn a liberal into a conservative? Mug him.

ted c on February 10, 2010 at 11:01 AM

Works every time!

ladyingray on February 10, 2010 at 11:07 AM

Has he run out of real estate underneath the bus? Does he have to extract all of these guys to allow them to return to being the useful idiots they once were? Is someone else going to now be tomorrow’s scapegoat? He’s running out of people to demagogue—maybe nuns, or preschool teachers, or pretty girls that work at the Gap or something–they could use some time under the bus.

ted c on February 10, 2010 at 11:07 AM

So now Obama is a free market advocate?
percysunshine on February 10, 2010 at 11:00 AM

Well, for this week anyway. Depends on the polls. This is the same guy who said small businesses aren’t hiring because they can’t borrow money to expand their payroll. He’s got a real finger on the pulse of how a small business operates, doesn’t he? Terrific fiscal instincts.

a capella on February 10, 2010 at 11:07 AM

Obama would deny he ever made the previous comments or they were misunderstood or taken out of context.

albill on February 10, 2010 at 11:08 AM

So soon, Obama? Just a few days of political (and financial) pressure on democrats and BAM, a complete reversal of course. Triangulation is supposed to be slick and subtle, confounding and frustrating to opponents, but successful when it comes to policy implementation. Obama’s “triangulation” is blatant and clumsy, provides nothing but new attack lines for opponents, and gets NOTHING done when it comes to policy.

Indeed. Goes to show that for all of their oddities, Bill Clinton and Dick Morris were very good at politics and setting the terms of the public debate.

Slublog on February 10, 2010 at 11:09 AM

Run over by a bus once, shame on you. Run over by the same bus twice…..

percysunshine on February 10, 2010 at 11:10 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

Bambi gives us so much juicy fodder…why would we need to have a post about anyone else…

heh heh…it’s is so much fun watching you squirm and wriggle…a little sad too…not…

Ltlgeneral64 on February 10, 2010 at 11:10 AM

“I do think that the compensation packages that we’ve seen over the last decade at least have not matched up always to performance,” the president said

Fine, but since when is it HIS job to fix things like that?

Daggett on February 10, 2010 at 11:10 AM

Obama’s political style reminds me of his jump shot, limp wristed.

ernesto on February 10, 2010 at 11:02 AM

You just now see this? He has no political style. He bloviates with how he sees the wind blowing until he realizes it’s blowing in his face. Then he turns around.

ladyingray on February 10, 2010 at 11:11 AM

What you’re gonna say
What you’re gonna do
Now you’ve missed out once again
But I thought you knew

Oh you silly thing
You’ve really gone and done it now
Oh you silly thing
You really gone and done it now

Trouble here, trouble there
People stop just to stare
What’s the use of wasting time
Just move on, leave ‘em all behind

Sex Pistols – Silly Thing

The Sex Pistols. Is there anything they didn’t know in advance? Their lyrics are as relevant today as they were back in Carter’s day.

Dorvillian on February 10, 2010 at 11:11 AM

I wish everyone would call them “commissions” rather than “Bonuses”. I think people would understand and accept them better. A bonus implies a gift, commission implies earned monies.

redshirt on February 10, 2010 at 11:06 AM

Exellent point. From day 1 – (and as a life long salesman) – I have made this point.

Peel back the layer – and you will see the difference between who gets a bonus and a commission in life.

Bonus: specific, fractional amount – based upon a fixed formula – usually salary: Gov entities. AA, entitlement org’s.

Commission: Earned percentage of a an agreed upon goal, usually in dollars or percentage of revenue: free market companies, small businesses and large businesses.

“Bonus” resinates with the liberal Dem base, hense their choice of words.

Odie1941 on February 10, 2010 at 11:11 AM

He’s got a real finger on the pulse of how a small business operates, doesn’t he? Terrific fiscal instincts.

a capella on February 10, 2010 at 11:07 AM

if he’s got a finger on the pulse of it then its to see that it’s getting thready and weaker and that’s exactly what he wants. He doesn’t want “small businesses” he wants businesses that support his agenda. Kill off that capitalist stuff, and get the solar panels, sh!tty light bulbs, arugala factories and basketballs produced out there…that’s “small business.”

Definitions.

ted c on February 10, 2010 at 11:12 AM

Notice how well B.O. can talk out of both sides of his mouth and lie through his teeth at the exact same time?

Mayor Daley of Chicago taught him oh so well.

pilamaye on February 10, 2010 at 11:12 AM

All Mr. Tapper and Mr. Krystof have to do is look at the coffers and figure if Mr. Saros can make up the difference. I suggest that the tone change indicates that he cannot.

Cindy Munford on February 10, 2010 at 11:13 AM

“I do think that the compensation packages that we’ve seen over the last decade at least have not matched up always to performance,” the president said
Fine, but since when is it HIS job to fix things like that?

Daggett on February 10, 2010 at 11:10 AM

True. But ironically, Obama has risen all of his life – to POTUS, through a compensation package that does not match the performance.

Caveat emptor.

Odie1941 on February 10, 2010 at 11:13 AM

Obowmao wouldn’t be in this position if he stayed out of the private sector, and let markets decide their own course with minimal regulation needed to protect the public from harm (like certifying the quality of foods, and such).

Liam on February 10, 2010 at 11:13 AM

Obama just realized that elections are coming, and the ONLY chance the DNC has this cycle, with the anger of the electorate at very high levels, is a HUGE chunk of Money…

Who was it that said, when asked why he robbed BANKS… because thats where the money is…

Romeo13 on February 10, 2010 at 11:13 AM

he was all that stood between them and the pitchforks

That was just a perception problem. The people with pitchforks were coming for him all the time.

Vashta.Nerada on February 10, 2010 at 11:14 AM

Obama changes tone towards Wall Street

For now. When it becomes convenient for him to revert to pit bull mode, rest assured that he’ll do so without hesitation.

As Will Cuppy wrote, so it is with Obama: “He had the courage of his convictions, but he had no convictions.”

ya2daup on February 10, 2010 at 11:14 AM

Don’t forget to send that special liberal a GOP Valentine’s Day card.

Enoxo on February 10, 2010 at 11:15 AM

Times columnist Nicholas Krystof tweeted his disapproval this morning:
“Ouch: Obama says he doesn’t begrudge $17 m bonus on Wall St, quasi-defends bonuses. I begrudge ‘em.”

Hey Krystof – it’s none of your business.

Vashta.Nerada on February 10, 2010 at 11:16 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

That would be like having Peewee Herman discussing the heavyweight championship fight.

thomasaur on February 10, 2010 at 11:16 AM

Who was it that said, when asked why he robbed BANKS… because thats where the money is…

Romeo13 on February 10, 2010 at 11:13 AM

Willie Sutton, though he personally claimed it was a reporter, not him who said it – though he loved the quote.

(Western junky)

Odie1941 on February 10, 2010 at 11:16 AM

Hey, Democrats: How do you like your guy flip-flopping? Does that make him a liar in your eyes?

Liam on February 10, 2010 at 11:17 AM

Ouch: Obama says he doesn’t begrudge $17 m bonus on Wall St, quasi-defends bonuses. I begrudge ‘em.

Only $10M less than A-Rod. And these executives are catching up to Russell Crowe and Roberty Downey Jr.

WashJeff on February 10, 2010 at 11:18 AM

Wall Street to Obama….You acted stupidly.

ICBM on February 10, 2010 at 11:18 AM

“Obama Lied, Pitchforks Died”

Can’t wait for the moonbats to start screeching this.

Odie1941 on February 10, 2010 at 11:18 AM

Obama’s rantings against the Wall St. fatcats were as empty as his promises to end the wars. The pro-war lobby and the weapons industry have Washington by the throat, occasional funding cuts aside.

In the end, Obama is quite possibly even more bought and paid for than our last president. Quite a feat…but he’s done it.

Dark-Star on February 10, 2010 at 11:19 AM

I wish everyone would call them “commissions” rather than “Bonuses”. I think people would understand and accept them better. A bonus implies a gift, commission implies earned monies.

redshirt on February 10, 2010 at 11:06 AM

I agree with your intent but “commissions” doesn’t really fit either since the monetary amount isn’t directly tied to the profit. I like the idea of simply referring to these payouts as part of the executives “negotiated compensation” and leave it at that. It is of no business of government to question how a company pays its employees.

highhopes on February 10, 2010 at 11:20 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

When are you going to prove your claim that Sarah Palin was using a teleprompter at the Tea Party Convention?

Monica on February 10, 2010 at 11:20 AM

So soon, Obama? … Triangulation is supposed to be slick and subtle, confounding and frustrating to opponents, but successful when it comes to policy implementation. Obama’s “triangulation” is blatant and clumsy, provides nothing but new attack lines for opponents, and gets NOTHING done when it comes to policy.
Obama’s political style reminds me of his jump shot, limp wristed.
ernesto on February 10, 2010 at 11:02 AM

He’s not triangulating, he’s pivoting … and pivoting … and pivoting … and …

All hail Der Pivotmeister!

ya2daup on February 10, 2010 at 11:22 AM

He’s not triangulating, he’s pivoting … and pivoting … and pivoting … and …

All hail Der Pivotmeister!

ya2daup on February 10, 2010 at 11:22 AM

Yes, and if you Pivot enough… are you not, by definition, spinning?

Romeo13 on February 10, 2010 at 11:23 AM

“I do think that the compensation packages that we’ve seen over the last decade at least have not matched up always to performance,”

Truer words have never crossed Obama’s lips. Who would know better than Obama?

PappaMac on February 10, 2010 at 11:23 AM

ya2daup on February 10, 2010 at 11:22 AM

Having coached basketball before, I think he’s dragging his pivot foot.

kingsjester on February 10, 2010 at 11:24 AM

Never underestimate a forked tongue or the reptile it belongs to.

Obama is a bona fide liar!!!!!!!!!!!!!!!!!!

bluegrass on February 10, 2010 at 11:28 AM

What’s being totally missed here, is it isn’t “Wall Street” in the generic, it’s two specific firms closely tied to the Obama Administration.

“The calendars, obtained by the AP under the Freedom of Information Act, offer a behind-the-scenes glimpse at the continued influence of three companies — Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. — whose executives can reach the nation’s most powerful economic official on the phone, sometimes several times a day.”

So this isn’t a change in tone, it’s a simple double-standard, and an unwillingness to speak ill of your cronies. Typical Chicago cronyism writ (very, very) large. Or, if you prefer, our own Putin-style capitalism.

notropis on February 10, 2010 at 11:28 AM

I’m thinking someone told them what is in the coffers at the DNC and now Obama is grovelling.

Dusty on February 10, 2010 at 11:29 AM

Sure is hard to fit ‘free market’ into Obama’s Marxist bottle.

Maybe he should propose cuts to federal salaries? How much would that save, say 20% across the board.

And isn’t the concept of government employees’ union in need of review? Government unions lobbying the government for more money, for government union workers. — Sort of like government paid scientists pushing global warming, while government scientists pretend to control the weather, so the people can pay the government more in taxes …. hmmm am I seeing a pattern here?

tarpon on February 10, 2010 at 11:29 AM

He’s mimicking his favorite TV show: Flipper.

search4truth on February 10, 2010 at 11:29 AM

Yes, and if you Pivot enough… are you not, by definition, spinning?

Romeo13 on February 10, 2010 at 11:23 AM

Or perhaps running in circles whining like a little schoolgirl. I honestly think think that this administration has been de-masted when thier radical agenda was rejected. They simply do not know what to do now that their takeover of healthcare was thwarted.

highhopes on February 10, 2010 at 11:30 AM

kingsjester on February 10, 2010 at 11:24 AM

O/T I am chasing you all over the site. Did I see Manly Rash on television from the Tea Party Convention on Saturday?

Cindy Munford on February 10, 2010 at 11:30 AM

notropis on February 10, 2010 at 11:28 AM

Very good point.

Romeo13 on February 10, 2010 at 11:33 AM

In the half-hour interview with Julianna Goldman

He doesn’t work, he does interviews, interviews, and more interviews.

Did I mention he does a lot of interviews?

Knucklehead on February 10, 2010 at 11:33 AM

They simply do not know what to do now that their takeover of healthcare was thwarted.

highhopes on February 10, 2010 at 11:30 AM

that’s the thing with affirmative action types. The only action they’re interested in is the one that gets their lips on the teat. After that, there is no action required on their part. They simply pivot, spin, talk and obfuscate their way along and never produce anything resembling results. I work with these people all the time. Meeting here, meeting there, input here, input there—results? Zilch, nada, jack and squat. They are impressed by process, not by products.

ted c on February 10, 2010 at 11:34 AM

SMART Power!!!!!!!!!1111111111!!!!!!!eleventy

this is what you get when you hire an experienced douchebag community organizer to run the company.

jukin on February 10, 2010 at 11:34 AM

ha ha What a bunch of crap! The IRS coffers are dwindleing and china is threatening to start selling US bonds.
OH YEAH THEY ARE! So NOOOOW O blah blah wants to make nice nice!

sonnyspats1 on February 10, 2010 at 11:36 AM

You just now see this? He has no political style. He bloviates with how he sees the wind blowing until he realizes it’s blowing in his face. Then he turns around.

ladyingray on February 10, 2010 at 11:11 AM

You got that right, the man has no core.

la.rt.wngr on February 10, 2010 at 11:36 AM

Must be the cash the DNC is NOT getting that changed his mind. Obama is too stupid to think how much he hurts business with his obscene rhetoric.

elclynn on February 10, 2010 at 11:36 AM

hey, when are you going to have a post up of Chris Matthews eviserating Palin’s lack of intellect?

Palin Steele on February 10, 2010 at 10:57 AM

How does the dumbest guy on the block get around to criticizing anyone’s intelligence?

MarkTheGreat on February 10, 2010 at 11:38 AM

Cindy Munford on February 10, 2010 at 11:30 AM

Nope. He didn’t leave Jersey as far as I know. I saw one guy dressed up in the footage from the Conference , but that wasn’t the Colonel.

kingsjester on February 10, 2010 at 11:38 AM

Beware of charlatans and frauds as you would a venomous snake!

Dhuka on February 10, 2010 at 11:39 AM

Obow and the Dems probably thought they could trash the country as we know it and remake it in their own image, while still keeping everything they have.

Reality is so mean-spirited!

Liam on February 10, 2010 at 11:41 AM

kingsjester on February 10, 2010 at 11:38 AM

I saw two but only one with a tri-corner. It really looked like him.

Cindy Munford on February 10, 2010 at 11:42 AM

Even Paul Krugman from the NYTimes wonders how Obama could be so clueless to say this.

Wethal on February 10, 2010 at 11:42 AM

work with these people all the time. Meeting here, meeting there, input here, input there—results? Zilch, nada, jack and squat. They are impressed by process, not by products.

ted c on February 10, 2010 at 11:34 AM

I also know this type well. You forgot that very generous credit is given for intent, no matter what the outcome. Even the most malignent product of process is chalked up as a success if the intent is deemed praiseworthy.

Obama is attempting to do some of this by staking a claim that his intent to seize one-sixth of the economy was well-intentioned but that the process just wasn’t given a fair chance due to those partisan Republicans out there disputing the wonderful bills crafted by House and Senate Democrats.

highhopes on February 10, 2010 at 11:43 AM

This is the same guy who said small businesses aren’t hiring because they can’t borrow money to expand their payroll.
a capella on February 10, 2010 at 11:07 AM

He also once proclaimed that businesses in general weren’t hiring because they were to interested in protecting their profits.

MarkTheGreat on February 10, 2010 at 11:43 AM

Invertebrate

rjoco1 on February 10, 2010 at 11:43 AM

The pro-war lobby and the weapons industry have Washington by the throat, occasional funding cuts aside.

In the end, Obama is quite possibly even more bought and paid for than our last president. Quite a feat…but he’s done it.

Dark-Star on February 10, 2010 at 11:19 AM

Man, when DS gets stuck in fantasy land, he doubles down in stead of reversing.

MarkTheGreat on February 10, 2010 at 11:45 AM

He also once proclaimed that businesses in general weren’t hiring because they were to interested in protecting their profits.

MarkTheGreat on February 10, 2010 at 11:43 AM

I’d love a reporter to get up and ask Obama just how he handled the profits in the companies he has run during his career. TOTUS would be so flummoxed that it would be months before the rat bastard traitor dared facing the press again.

highhopes on February 10, 2010 at 11:46 AM

Threaten to take away his campaign money and this little boy takes his ball and goes home. BO is the quintessential bully.

Jdripper on February 10, 2010 at 11:46 AM

Man, when DS gets stuck in fantasy land, he doubles down in stead of reversing.

MarkTheGreat on February 10, 2010 at 11:45 AM

Much like a chief executive who gives himself a B+ for a year of failed legislative agenda, a faltering economy, and radical socialist ideology.

highhopes on February 10, 2010 at 11:48 AM

This change is not something I can believe in. My husband used to be in sales and in a bonus/incentive plan. If the company did well and he sold more than he got a bonus. That’s the was it should work. Wanting to have a bi-partisan meeting with the R’s on health care is not something I can believe in either. They better watch their step.

Kissmygrits on February 10, 2010 at 11:49 AM

When all you have is rhetoric and no substance you’re bailing out the titanic with a coffee can. He’ll continue to sink as long as he continues to talk which, of course, will be until he’s kicked out of office.

orlandocajun on February 10, 2010 at 11:52 AM

Barry’s losing it, BIG TIME.

GarandFan on February 10, 2010 at 11:55 AM

He also once proclaimed that businesses in general weren’t hiring because they were to interested in protecting their profits.

MarkTheGreat on February 10, 2010 at 11:43 AM

Meh. You know what they say about a stopped clock…

Small businesses aren’t hiring because they’re trying to protect what small profits they still are making. If you’re barely keeping in the black, its not a good time to go out and hire!

Dark-Star on February 10, 2010 at 11:55 AM

Much like a chief executive who gives himself a B+ for a year of failed legislative agenda, a faltering economy, and radical socialist ideology.

highhopes on February 10, 2010 at 11:48 AM

Grade inflation is nothing new in the US, sadly enough.

Even my local schools are going to give 50% for all assignments…regardless of wether or not they’re even handed in!

Dark-Star on February 10, 2010 at 11:56 AM

Painful Stool is the bizarro world retarded version of Horatius.

A Balrog of Morgoth on February 10, 2010 at 11:58 AM

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