Tom Maguire on AIG bonuses: “Obama is heading in an odd direction with his pose as the angry yet impotent President.”
UPDATE: Maybe this is the explanation. Obama doesn’t see the banks and AIG as entities he has any control over, but rather as something akin to . . . suicide bombers:
“Here’s the problem,” Mr. Obama said, “It’s almost like they’ve got — they’ve got a bomb strapped to them and they’ve got their hand on the trigger. You don’t want them to blow up. But you’ve got to kind of talk them, ease that finger off the trigger.”
I don’t even know where to start with that. As you read that statement, and pull out large tufts of hair, which bothers you more? The comparison of banks and AIG to suicide bombers? Or the notion that the way to deal with a suicide bomber is to talk to him and ease his finger off the trigger?