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Original post by AFP and software by Elliott Back

BURBANK, Calif. (AP) — President Barack Obama told Jay Leno on Thurday that he was stunned when he learned of the bonuses that bailed-out insurance giant AIG was paying its employees.

Obama told “The Tonight Show” host the payments raise moral and ethical problems — and vowed again to try to recoup the cash for taxpayers.

“We’re going to do everything we can to get these bonuses back”, he declared.

Leno questioned Obama what he thought when his staff first advised him of the payments, many made to traders in the very division that brought American International Group to ruin.

“‘Stunned’ is the word,” Obama answered in a taped appearance on “Tonight.” He said he found it hard to fathom how anyone would accept
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Original post by AFP and software by Elliott Back

Update: Full video is below

The President went on the Tonight Show to chat with Jay Leno about giggly stuff such as the nation’s wrenching financial crisis.

According to the New York Times, President Obama took a swing at the back-biting and blame game in the nation’s capitol. “In Washington, it’s a small like ‘American Idol,’ except everybody is Simon Cowell.”

The always-cool commander-in-chief had to work hard to straddle his position and Leno’s funnies.

“For instance, he looked taken aback when Mr. Leno joked that the president had laid the problems of the banking sector at the doorstep of the Treasury secretary, Timothy F. Geithner. “I like how you say it’s his problem,” he said.

Mr. Obama stared at him for a few seconds, stone-faced. Then he broke into a laugh, as if finally getting the joke.”

The Wall Street Journal described Obama’s cold reaction to a House bill that would tax heavily “nearly all the bonuses paid to American International Group Inc. employees.”

“Look, I know Congress’ frustrations,” he told Leno, according to the WSJ, and suggested “legislators were being more vindictive than constructive.”

“Everybody’s mad… but I reckon that the best way to handle this is to make sure that you close the door before the horse gets out of the barn. And what happened here was the money’s already gone out, and people are scrambling to try to find ways to get back at them,” he said.

He also made a crack comparing his bowling abilities to the Special Olympics. That’s sure to get some buzz, too.

Watch the full video below.

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See Also:

Obama Already Inked Deal To Write Post-Presidency Book
Obama Must Veto The 90% Bonus Tax Rate
Obama’s Choice: Fire Geithner Or Fire Ed Liddy (AIG)

Original post by AFP and software by Elliott Back