Obama Uses Bully Pulpit — Bashes Bonus-Givers

Jan 29, 2009 8:42pm

As someone just said here, the President didn’t just use the so-called Bully Pulpit — he sounded like a bully. An angry one. Angry to have read the same stuff we read this morning — about the $18.4 billion Wall Street doled out in bonuses last year. It was the sixth-largest such sum — and matched the amounts given in 2004, when stocks were above 10,000 and the economy was sound. Now of course, those numbers come against the backdrop of mounting layoffs, and on the eve of a GDP report that is expected to show the economy contracted by a whopping 5 percent in the last quarter. Here’s the President…

You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus