[Peace-discuss] Obama's doing his best...

[C. G. Estabrook]

[From Bloomberg, via Politico’s Morning Money & LBO News from Doug Henwood.]

OBAMA DOESN’T ‘BEGRUDGE’ BONUSES FOR ‘SAVVY’ WALL STREET EXECS,

Bloomberg’s Julianna Goldman and Ian Katz report: ‘President Barack Obama said 
he doesn’t ‘begrudge’ the $17 million bonus awarded to JPMorgan Chase & Co. 
Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs 
Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay. 
The president, speaking in an interview, said in response to a question that 
while $17 million is ‘an extraordinary amount of money’ for Main Street, ‘there 
are some baseball players who are making more than that and don’t get to the 
World Series either, so I’m shocked by that as well. I know both those guys; 
they are very savvy businessmen,’ Obama said … ‘I, like most of the American 
people, don’t begrudge people success or wealth. That is part of the free-market 
system.’

[Henwood remarks, "The new FDR, eh?"]


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