"That is the height of irresponsibility. It is shameful," Obama said on Thursday, responding to news that Wall Street paid out $18.4billion in bonuses to their executives for 2008.
In the previous few days, Obama and his spokesman had weighed in against Citigroup's decision to buy a $50 million corporate jet ordered in 2005, prompting the bank to cancel the contract, and attacked former Merrill Lynch CEO John Thain for spending $1.2 million on renovating his office.
One Democratic senator on Friday even proposed a law that would prevent bank executives from making more than $400,000 a year while they receive government financial support.
Republicans re-distributed the wealth of our country upward to those who have the most when they were in power and have destroyed our economy; AND they are now crying for Obama to fix it after only a week in office. Now that is the height of hypocrisy.
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