Obama Doesn’t ‘Begrudge’ Bonuses

February 10th, 2010

Obama believes in bonuses for financial executives, apparently:

“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.”

Obama sought to combat perceptions that his administration is anti-business and trumpeted the influence corporate leaders have had on his economic policies. He plans to reiterate that message when he speaks to the Business Roundtable, which represents the heads of many of the biggest U.S. companies, on Feb. 24 in Washington.

Interesting. Is this the same guy that said this in March 2009?

Saying “this is not just a matter of dollars and cents, it’s about our fundamental values,” President Obama lashed out at the news of more than $121 million in bonuses being awarded to executives of AIG. “All across the country, there are people who work hard and meet their responsibilities every day, without the benefit of government bailouts or multi-million dollar bonuses.”

If I didn’t know any better, I’d think he’s just saying whatever he thinks will help his administration the most at the moment, rather than what he really believes is right.

Actually, I don’t know better. That’s exactly what he’s doing.