President calls the $18.4 billion in bonusespaid last year 'shameless'President Hopenchange rightly calls financial firms to task for issuing $18B bonuses when the companies came to the government for taxpayer money, and yet remains silent when Congress proposes an economic stimulus bill with over $200 in earmakrs and non-related spending.
Reuters via MSNBC
President Barack Obama said it is irresponsible and shameful for Wall Street bankers to be paid huge bonuses while the American public is dealing with economic hardship.
The president reacted harshly Thursday to reports that corporate employees got paid more than $18 billion in bonuses last year.
Said Obama: "That is the height of irresponsibility. It is shameful."
Congressional Democrats are acting irresponsibly by wasting money while "the American public is dealing with economic hardship." The president should speak up now and have this gluttonous allocation bill pared down to the necessities for economic stimulus.
Washington politics as usual.
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