If President Obama could save the bankers and their bonuses

[MannyGoldstein]

Could he have been the 99%'s savior, too?

Or is that, um, different?

[blkmusclmachine]

1. Obama is not one of us. He works for the 1%. Just like Hillary.

[Katashi_itto]

2. Agree. Corporate Dems.

[newfie11]

3. Afraid so. Nt

[Scuba]

4. No. The Presidential veto was removed from the Constitution while you weren't looking.

President Obama signs $8.7 billion food stamp cut into law

http://www.msnbc.com/msnbc/obama-signs-food-stamp-cut

[KittyWampus]

5. How was Obama going to TAKE the bankers' bonuses?

See, I thought you were finally grasping how a representative democracy works and that Obama isn't some superman or magical …. um, person who has a magic wand who can just magically TAKE a banker's bonus.

[JaneyVee]

6. I thought Bush signed TARP.

[QC]

7. HE DOESN'T HAVE A MAGIC WAND!!1!!11

[sheshe2]

8. .....

Sadly I am on the run to work or I would stay and play~

President Obama Is Not Our Savior

see why~

http://www.democraticunderground.com/10025435226#top

oh Manny...

[jwirr]

9. Last time I heard it was W who signed the banksters bailout bill.

[Romulox]

12. Obama administered at least 50% of the disbursement of the bankster bailouts. HE paid the bonuses,

(or rather, he made sure they were paid with taxpayer monies)

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.

[Romulox]

10. Those bonuses were CONTRACTUAL OBLIGATIONS!!11~!!!! That means the taxpayer *has* to pay them.

(Even though the taxpayer wasn't a party to the transaction, but that's a mere technicality!)

[Nye Bevan]

11. Why are so many reluctant to give Obama credit where it's due?

Great jobs report: Strong hiring, unemployment down

The American jobs recovery seems to have finally hit its stride. The U.S. economy added 288,000 jobs in June, the Bureau of Labor Statistics reported Thursday.

That number beats economists' expectations and comes along with other good news: Job growth was revised higher for both May and April. Taken altogether, that means employers added 1.4 million jobs in the first six months of the year. That's the strongest six months for job growth since 2006.

Meanwhile, the unemployment rate is now 6.1%, down from 6.3% in May. The drop came for the right reasons: More Americans said they had jobs, plus more people joined the labor force. Another encouraging sign: pay is on the rise. Hourly wages ticked up 0.2% in June and are up 2% in the past 12 months.

.....

Over the past year, 2.3 million Americans have found jobs. Unemployment is down for many ages and races, although the nation's youngest workers are still struggling this summer. One in 10 workers between the ages 20 to 24 were unemployed while 1 in 5 workers between the ages 16 to 19 did not have a job. In contrast, the unemployment rate is only 5.1% for workers between the ages 25 to 54, and even lower for workers over age 55, at 4.4%.

http://money.cnn.com/2014/07/03/investing/june-jobs-report/index.html

[Romulox]

13. The economy contracted in Q1. You have to read the business page *every day* to get a full picture.

[JoePhilly]

15. Being perpetually disgruntled is a full time job.

[JoePhilly]

14. Outrage widgets are free.