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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?"

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By Web Politics Editor  |  February 10, 2010; 2:49 PM ET
Categories:  44 The Obama Presidency , Economy  
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He doesn't begrudge people's success or wealth? His platform was based on exactly that and it'll be mighty interesting to watch his supporters turn on a dime right along with him. Except of course for the hard Left who live to begrudge wealth and success...this will not sit well with them.

Posted by: thebink | February 10, 2010 6:46 PM | Report abuse

Mr. Ahearns, nice interpretation of what he actually said: "I, like most of the American people, don't begrudge people success or wealth,"

So why do you have to twist it just to try and slam Obama? Jow about slamming him on things he actually said.

WAPO, you are responsible for this, this is treachery to try and defame our President.

Now, another point, his analogy about baseball players is not a good one, star athletes are entertainers, these banks were monkying with our wealth, our future, our livelihoods.

Posted by: JRM2 | February 10, 2010 6:00 PM | Report abuse

So you mean Obama isn’t a socialist anti-business zealot trying to destroy the financial industry by taking every dime ever earned by bank CEO’s? Wow!

Posted by: parkerfl1 | February 10, 2010 4:29 PM | Report abuse

here's the truth.. those baseball players are not replacable.
those CEO's? You could put any monkey in the postion and they'd do at least as well.

Posted by: newagent99 | February 10, 2010 3:13 PM | Report abuse

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