Obama confuses crony capitalism oligarchy with free enterprise

... when he doesn't "begrudge" Lloyd Blankfein his $9 million bonus for Fed-sponsored, taxpayer-backstopped profits.
President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.


“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”

Begrudge? Hell, the Obama Administration gave multi-million dollar packages to the bureaucrats running bankrupt government agencies Fannie Mae and Freddie Mac.

UPDATE: ABC News: Obama doesn't begrudge an "obscene" and "shameful" "outrage."


Negocios Loucos said...

Ha ha ha ha ha ha, I love liberals, why? Because they will support this and not even realize the hypocrisy. Really I actually love liberals because they are so easy to steal from. They are sooooooo dumb.

Dean said...

W.C., this is a set-up.

Obama will laud the bonuses as a demonstration of how relatively healthy Wall St. is and then turn around and cite the prosperity of the financial institutions as justification for his excise tax on the same to pay down the debt.

The disinformation and election interference is coming from inside the house

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