President Barack Obama

An angry Barack Obama issued a sharp condemnation from the White House regarding the decision by the tycoons of Wall Street firms and banks receiving a massive bailout from the taxpayers of America to reward themselves with an $18 billion bonus. At a time when these same Wall Street companies are begging the government for vast amounts of bailout money to save them from their own mistakes, President Barack Obama made clear that the senior executives of these same firms must act responsibly. Obama declared that taking any bonus at this time is not an act that is responsible.

The President also referred to the initial decision by Citigroup to take delivery of a $50 million French-built executive jet it that had ordered to ensure its executives traveled in comfort. Barack Obama implied that Citigroup had heard a sharp message from his administration, leading to the cancellation by Citigroup of the delivery of the jet.President Barack Obama showed a level of anger not previously seen since he assumed office.

It remains to be seen if the crippled Wall Street firms and banks depending on taxpayers support for their survival heard the stern message uttered by Barack Obama. No doubt, the public is on the side of President Obama on this issue.