Yikes.
...how is it possible, at this late date, for Obama to be this clueless?
Read All About It...
http://krugman.blogs.nytimes.com/...
the gist:
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 in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”
Krugaman's reaction:
Oh. My. God.
Krugman's Prediction:
If the Bloomberg story is to be believed, Obama thinks his key to electoral success is to trumpet “the influence corporate leaders have had on his economic policies.”
We’re doomed.
Sorry about the lack of editorializing, I'm busy organizing Hands Across The Sand, with even more urgency now that President Obama left a hanging participle-like "prudent offshore-drilling" in his SOTU address last week.
http://handsacrossthesand.com/
If you're in Florida this weekend, join us.... including those New Orleans fans that are still partying up South Beach...
update: From the comments, here's the link to the full story that Krugman referenced and wrote about:
http://www.businessweek.com/...