President Clueless? Not so fast…

Posted by: Betsm

Reports claim Obama kisses up to the bankers in an interview. Critics on the left erupt! Here’s why they shouldn’t

President Barack ObamaPretty clever, those Bloomberg folks! First they buy BusinessWeek. Then BusinessWeek gets an interview with President Obama. Then, one day before the interview is to run, Bloomberg scoops its sister publication by excerpting a couple of choice nuggets suggesting Obama is cuddling up to the banks.

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…

“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.”

Unsurprisingly, two of Obama’s harshest critics on banking policy — from the left — immediately went ballistic. Simon Johnson called it “a major public relations disaster” and Paul Krugman, in a post titled “Clueless,” said “you would think that Obama would understand the importance of acknowledging public anger over what’s happening” and declared that “we are doomed.”

Hmm. Maybe we should read the entire interview before rending our hair and screaming doom and disaster? If there’s one thing we know about the president, it’s that he is pretty good with nuance and capable of making complex, multifaceted arguments. His performance during his meeting with the House GOP two weeks ago should provide all the evidence we need for that.

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Read the entire article by Andrew Leonard @ Salon

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12 Comments

Filed under Bad Journalism, Banking, Barack Obama, Blogging, Capitalism, Democrats, Economy, Free Market, Media and Entertainment, Money, News, Opinions, Partisan Politics, Politics, Pres. Barack Obama, Presidents, Republicans, Uncategorized

12 responses to “President Clueless? Not so fast…

  1. Nice catch Bets. I swear these faux-progressives are beginning to resemble teabaggers, with their penchant for jumping-the-shark before they even know the facts…good grief, are we still in grade school?

    If we are, then they need a time-out 😉

  2. I think they like to read themselves, LOL. I’m stunned that these people do not read an entire interview. Instead they attack Obama immediately. Sickening.

    • Wow I just reread my first sentence. Didn’t make sense at all. What I meant was that I fear these journalist that are writing about all of this just like to read what they write not whether it’s truth or fiction. 🙂 LOL

  3. ogenec

    I think the state of our politics is really at an inflection point. We can go the old way of editing or outright lying about people’s comments, whipping ourselves into a lather, and then pushing the faux outrage for the half-life of the story — usually about a day. Then rinse and repeat with the next day’s story.

    Or we can act like f**king grownups. That means reading the story in its entirety without any preconceptions, and looking to sources other than hypersensitive, hyperventilating, hyberbolic critics who’ve never really run anything (but who clearly have a case of Administration envy). Then, and only then, make up your mind as to whether the “controversy” is real or has legs.

    I’m a f**king grownup.

  4. angels81

    ogenec, I agree 100%. I saw your comments over at TP (which I don’t go anymore) and saw first hand what you are talking about. A lot of people just cherry pick what they want to hear, so it will fit what they already believe.

    If Democrats spent half as much time going after Republicans as they do trashing themselves maybe things would be a little better.

  5. Hi there angels! I no longer go there anymore either. I find TM playing to her Hillary base people and they can get themselves revved up without reading an entire story. It’s just what the right wingers want to read.

    • Hi betsm, angels81, ogenec, audiegrl and everybody else. Nice to see some familiar faces 😉

      You nailed it betsm.

      I understand criticism of any President. But the over the top hand wringing which started before he ever took the oath (remember Rick Warren?)
      while not giving the guy credit for anything wore me out.

      It took eight years to get us into this mess. I can’t figure out why they won’t cut him any slack after just one.

      • Good to see you Daryl24. That’s exactly why I left TM. Couldn’t take the insults all the time. I decided it was better for my blood pressure and my peace of mind not to bother with any of the people over there. They were all HRC supporters to begin with, so they aren’t going to give Obama any slack. If it had been Hillary they would have bent over backwards to defend her. Just mho.
        Come back and see us. We aren’t all politics so this blog really is great. But I’m biased. 🙂

      • Hey Daryl, nice to see you. You are right, it all started with Rick Warren…who BTW was just a insignificant bleep on the radar. President Obama never had a ‘honeymoon’, he’s had drama since day one.

        Media Matters put together a great highlight video back in March of 2009, its called “What Honeymoon?”

  6. angels81

    I just don’t understand what people thought the President could or would do once in office. He stepped into two wars, the worst economy since the great depression, a Senate that needs a super majority to pass anything, a divided Democratic party, and a Republican party that votes in lock step.

    It makes me laugh when I hear people say Hillary could have done better. Hillary would be in the same boat that Obama is in, as long as it takes a super majority to pass anything in the Senate.

    From my point of view, the Senate is the real problem. The way it is, it makes any President have to move to the right, if they want a chance at doing anything. The system is broken, and no one man or women in the oval office can do much about it.

    What pisses me off is, some progressives and the left take their anger out on the President for moving towards the right, instead of Republicans and the Senate which has created this mess.

  7. “They were all HRC supporters to begin with, so they aren’t going to give Obama any slack.”

    I could be wrong but it does seem like some folks are still fighting the primary.

    It strikes me as an intense desire for Obama to crash and burn. To have that “we told you so” moment. Writing off his presidency after a couple weeks let alone a year is a means to reach that goal.

    With many other parts of the progressive blogosphere it’s nothing more than just basic handwringing that gets old real quick.

  8. “It strikes me as an intense desire for Obama to crash and burn. To have that “we told you so” moment. Writing off his presidency after a couple weeks let alone a year is a means to reach that goal.”

    You are so right Daryl. I can’t go there and comment anymore because I get to upset with what they are saying.

    I just got a letter from James Carville stating that Obama has done more in one year than Bush did in eight years. And if my memory serves me right he’s done more than most past Presidents in the first year of his Presidency.

    I can handle criticism of Obama that’s constructive, but theirs is just malicious IMHO.

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