02.10.10
How To Know When To Quit Your Country 2.0
Good news, lads! Good news! President Obama has cozied up to the banksters, calling them savvy businessmen for looting the country, wrecking the world economy and rewarding themselves with huge bonuses.
Sign No. 11 that you live in a dysfunctional country: Your President turns into a nauseating suck-up.
The Prez: Oh, the banksters will take all their money to the Republicans later this year! Tell me what should I do, Timmy and Larry?
Timmy & Larry: Bow and scrape.
Being republished thousands of times around the web right now:
President Barack Obama has praised the bosses of Goldman Sachs and JP Morgan as “very savvy” and insisted he does not “begrudge” them their success and wealth, in a significant softening of the White House’s attitude towards multimillion-dollar Wall Street bonuses.
Once a staunch critic of outsized pay packets, Obama adopted a strikingly consensual tone when asked this week about a $9m (£5.8m) bonus awarded to Goldman’s Lloyd Blankfein and a $17m (£11m) payday granted to JP Morgan’s Jamie Dimon.
“I know both those guys, they are very savvy businessmen,” Obama said in a interview with Bloomberg’s BusinessWeek magazine. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.”
What you mean by ‘most’, Kemosabe?
Prediction: After ridicule by everyone except the banksters for a week: “What I meant to say was [mumble]…” And it won’t make a difference.
Reward the parasite class, that’s the strategy!
“Oh. My. God,” sez Krugman.
Previously on How To Know When To Quit Your Country.