In an Oval Office interview with Bloomberg BusinessWeek, President Obama said that “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system" and that 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." Isn't this the same president that last year decried the bonuses that AIG and other companies were handing out to their executives: "All across the country, there are people who work hard and meet their responsibilities every day, without the benefit of government bailouts or multimillion-dollar bonuses....All they ask is that everyone, from Main Street to Wall Street to Washington, play by the same rules."
For a president trying to take on a populist tone, cozying up to Wall Street executives right now is just not good politics. True, they are an easy target but if these Wall Street fat cats continue to behave in egregiously greedy ways, then public scorn is well-deserved and should continue to heaped upon them.