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44, Day 10: About Those Bonuses
The continuing adventures of the nation's 44th president. 10 days down, only 90 more to go on the 100-day calendar. Can the honeymoon last that long?
--This will come as no surprise--President Obama hates the $18.4 billion in bonuses that Wall Street firms paid out last year. "That is the height of irresponsibility. It is shameful," he said. "There will be a time for them to make profits and a time for them to get bonuses ... This is not that time." Meanwhile, Senate Banking Chairman Christopher Dodd said he's looking for a way to get that bonus money back. Good luck with that.
-The first law of the Obama presidency is a measure to expand the time frame in which workers can sue for gender, age, race, national origin, and religious discrimination. Obama signed the Lilly Ledbetter Fair Pay Restoration Act, which nullifies a 2007 Supreme Court decision that said Ledbetter had waited too long to file a discrimination lawsuit against Goodyear Tire & Rubber, where she worked as a manager. Ledbetter,70, was at the White House for the bill signing.
--A day after the House passed the president's $819 billion stimulus package without a single Republican in favor, Vice President Joe Biden acknowledged that there might be changes to the bill's tax and spend provisions. The Senate is taking up its version of the bill, which has a pricetag closer to $900 billion.
-White House transparency watch ... Point 1) After we knocked the White House yesterday for failing, yet again, to post the transcript of Press Secretary Robert Gibbs' briefing, the full transcript showed up on the site. It got posted at 9:53 p.m., hours after Gibbs spoke to the press. But, still, a good step forward ... Point 2) ITWorld.com points out one slip. Obama had promised to post all non-emergency legislation on the White House site so the public could review and comment on it. But it didn't do that with the Lilly Ledbetter bill, and for that ITWorld.com said "strike one against White House transparency."
by J. Jennings Moss
Sources: White House, Reuters, Bloomberg, The Washington Post, ITWorld.com
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