Whoa! Who would have thought that anyone at CBS would have the guts to ask Obama something like this?
“You’re sitting here. And you’re– you are laughing. You are laughing about some of these problems. Are people going to look at this and say, ‘I mean, he’s sitting there just making jokes about money–‘ How do you deal with– I mean: explain. . .” Kroft asks at one point.
“Are you punch-drunk?” Kroft says.
“No, no. There’s gotta be a little gallows humor to get you through the day,” Obama says, with a laugh.
Not bad for a blathering head!
Hey, lefties! Remember how much it bothered you when Bush smirked? What do you think of your laughing president?
BTW, I thought this was pretty arrogant of Obama that he thinks he has anything to say to Wall Street. Yeah, like Obama understands the complexity of how things work in the financial services:
He also said he doesn’t think Wall Street has gotten his message yet, and that he must do a better job conveying it to them:
“One of the things that I have to do is to communicate to Wall Street that, given the current crisis that we’re in, they can’t expect help from taxpayers but they enjoy all the benefits that they enjoyed before the crisis happened,” Obama said. “You get a sense that, in some institutions that has not sunk in. That you can’t go back to the old way of doing business, certainly not on the taxpayers’ dime.”
What he doesn’t get is that even though it may be hard to get a job in this market, those who are really good at their jobs and deserve the compensation they were promised, can find jobs in foreign banks where the government has no say in what they pay their employees. If we want the companies that we’ve just sunk billions of dollars in to succeed, maybe the government should get out of the way and let them do their job. Politicians have demonstrated this week that they haven’t a clue how to run a business and it’s time they get out of the way before they start tanking the economy further.