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    • Could Obama have fixed the economy?
      I want to revisit this. Obama was the last person who had a real chance to change and fix things. A crisis is an opportunity. FDR used the Great Depression to change America. Reagan used stagflation to change America. Bush used 9/11 to change America. Obama could have used the financial crisis to change America. […]
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Friday: “I’m shocked that there’s gambling going on in here”

Obama is asking his Wall Street buddies to ease up on the bonuses this year.  It’s unseeemly.  By the way, what is it with the pictures of Obama and his administration that annoys me so much?  Is it that he’s always surrounded by men?  There is a significant concentration of testosterone in the White House that may be reaching toxic levels.  Remember how Bill Clinton promised an administration that looked like America- and then delivered on that promise?  Ahh, those were the days.  But I digress.

So, in the picture, he’s sitting with his legs spread like he’s practicing for some cheerleader split, junk dangling over the edge of the chair.  I’m sorry but he just looks stupid.  And Joe Biden is on his left, Tim Geithner on his left.  Tim Geithner, you may recall is the guy who has a problem with Sheila Bair, the head of the FDIC, preseumably because Bair has ideas in her pretty little head.  You know, ideas like getting investor who own tranches to be realistic about their returns and putting a HOLC like entity together to get homeowners to pay their mortgages?  Silly stuff like that.  Geithner probably thinks, “I’m sure glad you could never be my wife” whenever Bair opens her mouth.

These braintrusts think it is “shameful” that Wall Street bankers rewarded themselves using our money.  But they are wagging their fingers:

Should Mr. Obama have to go to Congress to seek more money for the bailout fund to avert the failure of more banks, he would most likely encounter opposition within both parties and demands for tighter restrictions on pay for executives of institutions that receive government assistance.

Mr. Geithner has already signaled a willingness to impose stricter compensation limits as part of a revamped approach to dealing with the banking crisis, but with his strong words on Thursday, Mr. Obama seemed intent on reassuring Congress and the public that he would step up the pressure on bankers before granting them additional assistance.

Well, that’s telling them. They will get a sternly worded letter saying, “Don’t do it again or Congress will have to regulate you.”  I’ll bet that put the fear of Gawd into them.  The bankers are going to have to court some more Blue Dog Democrats to make sure that doesn’t happen.

Change!™  Ain’t it grand?

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