Obama: I don't 'begrudge' certain kinds of big bonuses
By Frank Ahrens
President Obama can't seem to make up his mind on big Wall Street bonuses.
In an interview on Tuesday with Bloomberg, Obama said he doesn't "begrudge" the $17 million bonus received by J.P. Morgan Chase chief executive Jamie Dimon or the $9 million pocketed by Goldman Sachs chief executive Lloyd Blankfein.
Though $17 million is "an extraordinary amount of money" for most people, Obama said, "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."
Wasn't it just late last month that Obama called such bonuses "shameful?"
Web Politics Editor
February 10, 2010; 2:49 PM ET
Categories: 44 The Obama Presidency , Economy
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