Archive for Wall Street

Barack Obama: Auto execs are ‘a little tone deaf’

Posted in 1, Politics, Ranting with tags , , , , , , , , on November 27, 2008 by bloggingmom67

I watched a clip of part of Barbara Walters interview with Barack Obama, and as I watched him, I knew I was right to support him. She asked about one of my favorite topics: auto executive flying on private jets to ask for a $25 million bailout of taxpayers’ money.

Obama responded just how I hoped he would: “Well, I thought maybe they’re a little tone deaf to what’s happening in America right now. … I think it’s been a problem for the captains of industry, generally. When people are pulling down hundred-million-dollar bonuses on Wall Street, and taking enormous risks with other people’s money, that indicates a sense that you don’t have any perspective on what’s happening to ordinary Americans,” he responded, according to ABC News.

Oh, he get it. After eight years of a president whose main goal in his tax policies seemed to be to reward his wealthy cronies, we have a president who gets what it’s like to be a regular person in America today.

Later, Obama explains that he thinks bank executives should forgo their Christmas bonuses, considering the $700 billion bailout and the financial crisis our nation is in. Again, he answers with a resounding yes.

His words, according to ABC, say it best: “I think that if you are already worth tens of millions of dollars, and you are having to lay off workers, the least you can do is say, ‘I’m willing to make some sacrifice as well, because I recognize that there are people who are a lot less well off, who are going through some pretty tough times.’ “

By the way, the blodface in both quotes is mind. I added it to emphasize what I feel are key points in what Obama said.

Anyway, I’m thrilled. I’m confident Obama has a tough road ahead of him. But he gets it; he’s the real deal; we’re going to be OK eventually!

bitchy mommy

Advertisements
  • Get the Bitchy Mommy Blog widget and many other great free widgets at Widgetbox!
  • free hit counter