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Did you hear what Mr. Obama told the Wall Street execs?

According to President Obama took a stand against rediculously high bonuses to wall street execs that they are getting even in this time of financial turmoil.

WASHINGTON – President Barack Obama issued a withering critique Thursday of Wall Street corporate behavior, calling it "the height of irresponsibility" for employees to be paid more than $18 billion in bonuses last year while their crumbling financial sector received a bailout from taxpayers. "It is shameful," Obama said from the Oval Office. "And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility."

Full article here:
What do you think?


Asked by AnnieMcD at 6:50 AM on Jan. 30, 2009 in Politics & Current Events

Level 10 (419 Credits)
This question is closed.
Answers (25)
  • Simple andswer here. The executives are coming to the government asking for money from our pocket then turning around and spending it on themselves.

    Obama is not asking us to foot the bill for his food or the inauguration.

    Its like this you have a friend that need money for food and you loan it to them then find out they spent it on a trip to dsneyland how would you feel. This is a much more serious offense to me. Why bail people out if they are not using the money to fix things.

    As someone said before Obama supporters footed the bill. As I recall he wanted to scale everything down and they did not think that was right .

    LOL its funny how just a week ago everyone was blaming Bush for all the problems. Now Obama is getting ridiculed for something that he just took over. Wow what a country always have to find something to be negative about.

    Answer by ediedawn at 9:06 AM on Jan. 30, 2009

  • Obama served the most expensive steak at his most recent Presidential Cocktail party and he wants call Wall Street Irresponsible?


    Answer by Anonymous at 7:01 AM on Jan. 30, 2009

  • O god! That steak was a one-time

    Answer by Anonymous at 7:03 AM on Jan. 30, 2009

  • How about the elaborate cost of the inauguration. AND then his democratic cronies tried to add to the Stimulus 200 million to clean up the Mall.


    Answer by Anonymous at 7:06 AM on Jan. 30, 2009

  • Yes, Mr. Obama has money to pay for the steak if he wants to. And even if he doesn't, do you think our president should be servind McDonalds at his cocktail parties? Beyond that, that has nothing in the slightest to do with the question.

    Forgetting about petty BS like what the President ate for lunch three weeks from last Tuesday, and if he gets his Tuna in water or oil (if you can,) don't you think it's irresponsible to ask for money to help your company and then spend it giving millions in bonuses to your executives?

    Answer by AnnieMcD at 7:09 AM on Jan. 30, 2009

  • Oh for pete's sake, the cost of the inauguration balls has NOTHING AT ALL TO DO WITH THIS. Those were privately funded events that have nothing at all to do with government funds, or them being spent irresponsibly.

    As for the other part of your statement, I infer that you're trying to say there was a request for $200 million to clean up after the 2-2.5 million people that attended the inauguration? (It would be easier to tell if you constructed your sentence better...) Or perhaps that's $200 million for the year to keep that area clean and safe. Either way I am not familiar with this action, perhaps you could cite a source?

    Answer by AnnieMcD at 7:13 AM on Jan. 30, 2009

  • I am glad he spoke out on this! Those execs are disgusting. Everyone else is cutting back on bonuses (including mine and my husband's jobs) and they give themselves a big old bonus with our money! Good for you Pres. Obama for calling them on it!

    Answer by heathermarie32 at 7:37 AM on Jan. 30, 2009

  • Obama had the most expensive inauguration in history so he isnt one to speak about people showing restraint on spending.

    Answer by Anonymous at 7:41 AM on Jan. 30, 2009

  • It's nice that he said it ... but do something about it!

    Answer by TurksMommy at 7:57 AM on Jan. 30, 2009

  • Ok so he spanked them, but he will still give them the money, so does it matter what he said?

    Answer by TinasTribe at 7:58 AM on Jan. 30, 2009