You are currently browsing the daily archive for March 19, 2009.

Since the recent rip roaring joke about the anger over the bonuses, Politico decided to do a 3 pages piece cataloguing the instances in which – they maintain – Obama was funny.

To say that the pickings were slim is an understatement. They desperately try to dub non-sequiturs as jokes

When Washington was blanketed in snow a few weeks ago, Obama joked in a meeting that he wanted to go outside and have a snowball fight.

“Yeah, I remember the last time I threw a really good snowball,” Obama said. “It was the morning of the New Hampshire primary.”

I guess you had to be there. This eventually brought up the fond memories of “you’re likable enough”.

What also passes as humor for the toadies of Politico is W’s style mean remarks such as this one:

“How’s Gibbs doing?” he asked reporters as they left the Oval Office last week.

“Great,” came a reply.

“Take whacks at him,” Obama said.

The reporters laughed.

So, the candidate who didn’t dare go on SNL, finally made it to Jay Leno “just like JFK”. So, he is too funny, so stop saying that!

Considering what happens to any comedian, cartoonist who tries to joke about Obama, he’d better be funny as hell!


And the much anticipated Jay Leno appearance scores as expected (by me)

He bowled a 129, the president said.

“That’s very good, Mr. President,” Leno said sarcastically.

It’s “like the Special Olympics or something,” the president said.

And then came the WORM:

“The president made an off-hand remark making fun of his own bowling that was in no way intended to disparage the Special Olympics,” White House deputy press secretary Bill Burton said. “He thinks the Special Olympics is a wonderful program that gives an opportunity for people with disabilities from around the world.”

Not that the rest of the jokes were much better

Michelle jokes about how our motorcade –- you know, we’ve got the ambulance and then the caboose and then the dog sled. (Laughter.) The submarine. (Laughter.) There’s a whole bunch of stuff going on.

Oh, the humanity!

and the other parts of the reason he ran for POTUS:

MR. LENO: Let me ask you some personal things. Now, how cool is it to fly in Air Force One? (Laughter.)

MR. OBAMA: Now, let me tell you, I personally think it’s pretty cool. Especially because they give you, you know, the jacket with the seal on it. (Laughter.)

So, now Politico was prompted to reminisce about the Nancy Reagan “joke”

Obama called the elderly Reagan after his comment and apologized about what an aide described as “a careless and off-handed remark.”

Presidenting is hard.

But Leno declared it’s been one of the best nights of his life at the end so I must’ve missed something.

The AIG bonuses posturing brings into question when was this matter news to those pushing for the AIG bailout?

AP yesterday wrote that it was old news

Cue the outrage. For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn’t until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back.

All they needed to do was check AIG’s SEC filings from last November

A November SEC filing by the company details more than $469 million in “retention payments” to keep prized employees.

TIME, zeroing on Treasury, goes to a slightly earlier date than declared

Although Treasury Secretary Timothy Geithner told congressional leaders on Tuesday that he learned of AIG’s impending $160 million bonus payments to members of its troubled financial-products unit on March 10, sources tell TIME that the New York Federal Reserve informed Treasury staff that the payments were imminent on Feb. 28. That is 10 days before Treasury staffers say they first learned “full details” of the bonus plan, and three days before the Administration launched a new $30 billion infusion of cash for AIG

WaPo writes a whole story blaming the Federal Reserve for failing to tell Obama

How the Fed Failed to Tell Obama About The Bonuses

There’s one little fly in that ointment, as the article mentions

When the government rescued AIG in mid-September, no one was more central to the decision than Geithner.

and, like the AP piece revealed as well

AIG executives said they disclosed in a quarterly filing late last year to federal regulators that employees at Financial Products would receive retention bonuses but the filings, with the Securities and Exchange Commission, did not detail how much individuals would be paid or the dates of the payments. The company revealed those details in meetings with New York Fed officials in January, AIG chief executive Edward M. Liddy said at a congressional hearing yesterday.

Helps out NYT

Once A.I.G. was under the Fed’s control, its compensation plans hardly came up, according to officials. In December, an initial $55 million in bonuses went out with hardly a stir.

Geez, I wonder if that 55 million was in addition to the 165 we’re talking about now. But, hey, if they sneaked 55 bellow the radar, why not the remainder of the bailout money?

And now the White House releases a timeline putting their date at March 12 (late, mind you)

President Obama did not learn of the controversial bonuses for bailed-out AIG executives until late Thursday, two days after Treasury Secretary Tim Geithner was told about the payments, the White House said.

Which would be all nice and dandy if not for Dodd’s statement about administration officials pressing for an amendment

“I’m the one who has led the fight against excessive executive compensation, often over the objections of many. I did not want to make any changes to my original Senate-passed amendment but I did so at the request of Administration officials, who gave us no indication that this was in any way related to AIG.

Dodd himself didn’t know of AIG’s bonuses until last week – he says.

The buck indeed stops…over there.

Not Your Sweetie

March 2009