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Obama on AIG: I am responsible
03/18/09 1:57 PM EDT
Obama: The solution starts with rubbing this economic adviser's head.
By Julie Mason
Examiner White House Correspondent
Before taking off for two days in California, President Obama made remarks on AIG on the South Lawn and declared himself both angry and responsible.
"Ultimately, I am responsible. I am the president of the United States," he said. "We've got a big mess that we're having to clean up. Nobody here drafted those contracts. Nobody here was responsible for supervising AIG and allowing themselves to put the economy at risk by some of the outrageous behavior that they were engaged in. We are responsible, though. The buck stops with me."
Obama, who talked about AIG on Monday, skipped it on Tuesday and returned to it on Wednesday, said the administration still isn't sure of the best way to go after the insurer without making the economy worse. He also continued to administer the political kiss of death to Treasury Secretary Tim Geithner:
"I have complete confidence in Tim Geithner," Obama said.
Uh-oh.
"Attorney General Gonzales is an honorable and honest man, and he has my full confidence." -- Former President Bush, 4/1/07
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