MoveOn Hits Obama For Bonus Remarks, Dem Senator Announces Bank Bonus Tax

[AllentownJake]

MoveOn.org is letting President Obama know that it does begrudge the multimillion-dollar bonuses being paid to Goldman Sachs CEO Lloyd Blankfein and and JPMorgan Chase CEO Jamie Dimon, both of whose banks were bailed out by the American taxpayer.

The liberal advocacy group urged its members Thursday to call the White House to let the president know that they object to his cozy relationship with Wall Street bankers ("I know both those guys; they are very savvy businessmen," Obama said in the interview that raised eyebrows when it was released Thursday. "I, like most of the American people, don't begrudge people success or wealth. That is part of the free- market system.")

Obama told Bloomberg News that he is just as shocked by banker bonuses as he is by salaries paid to professional athletes, noting that "there are some baseball players who are making more than that and don't get to the World Series either, so I'm shocked by that as well."

UPDATE:

On the legislative front, Sen. Sherrod Brown (D-OH) will announce today the details of a new bill to tax bonuses "given to executives at firms that received financial help from U.S. taxpayers and use the revenues to help small businesses create jobs." In an email, Brown noted that AIG, which received $182 billion in government assistance, paid out more than $100 million in bonuses last week.

http://www.huffingtonpost.com/2010/02/11/moveon-hits-obama-for-bon_n_458405.html

Sorry Rahm, Message Discipline is fucking dead

[juajen]

1. With all due respect, Mr. President, I do not put my money in the Bank

of Drew Brees, nor does Drew make decisions that affect my pocket book. Yes, he makes a lot of money, as does James Cameron. They both put on a really great show. Please show me where Bank of America, etc. entertains me, and creates jobs that pay well in many sectors of our economy. How many people, for instance, are being employed right now because everybody wants a New Orleans Who Dat tee, or glass, or hat, you understand. The amount of money pouring into a challenged New Orleans just for hotel rooms and food alone will probably keep that city going for quite a while. Just show me anything that any of these banks do for the people and I might show them some respect. They grab every penny they can from every entity that uses their services and give absolutely nothing back.

If I'm wrong, please feel free to elucidate.

[Luciferous]

2. Great post :)

[Dr.Phool]

4. You want entertainment?

How about a horror show. Sit back and watch your credit card interest rates skyrocket! Watch the returned transaction fees mount because your direct deposit was credited to your account a millisecond after you set up your online bills to be paid!

Enjoy the popcorn, while you wait 2 weeks for check to clear, that was written on an account at the same branch.

Coming to a theater near you!

[spiritual_gunfighter]

3. K&R n/t

[emilyg]

5. k/r

[TexasObserver]

6. Recommend

[tnlefty]

7. K%R

"Sorry Rahm, Message Discipline is fucking dead." :rofl: