One thing I don't like about Obama, other than the fact that he's a liberal socialist, is that he capitulates to public opinion as his m.o.His latest is the banking bonus buzz in the midst of the bailout bonanza (allit. anyone?). He says it's "shameful" that bankers got $18 billion dollars in bonuses last year.
That's how they get paid! Part salary, part commission, part bonus. The bonuses are part of their pay package. Not all of them sell derivatives, sir. If I sold responsible investments and made the company money, I should get a bonus, period.
I won't give up my pay because the idiots downstairs made bad investments. And I wouldn't expect a bank to do any different.
The sad part is that he knows the truth. It's just an unpopular opinion for a politician to have. Which is exactly why I don't trust him. Q.E.D.
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