White House Does Damage Control on Obama’s Support for Banker Bonuses

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First, it was the spending freeze that sent economist and NYT columnist Paul Krugman into a tantrum, saying that Obama “liquidated himself” by “embrac[ing] and validat[ing] the Republican world-view.”

Today it’s Obama’s assertion that he doesn’t “begrudge” big bonuses for two banking execs at JP Morgan and Goldman Sachs because, hey, he knows those guys to be “savvy,” and there are a lot of baseball players make more than that, anyway.

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