Sunday, March 15, 2009

So much for eloquent promises

From President Obama's Feb 24, 2009 address to a Joint session of Congress:
"Our job is to govern with a sense of responsibility. I will not spend a single penny for the purpose of rewarding a single Wall Street executive, but I will do whatever it takes to help the small business that can't pay its workers or the family that has saved and still can't get a mortgage."
From The New York Times, March 14, 2009
WASHINGTON — The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same business unit that brought the company to the brink of collapse last year.
So much for eloquent promises.