Monday, March 23, 2009

Obama: Anger over AIG isn't governing strategy

Sent from Express News
WASHINGTON - President Barack Obama is no fan of bonuses paid at a financial institutions being kept afloat by taxpayer dollars but also says he would not "govern out of anger" despite Americans' frustration with such perks.

Obama's declaration came as he pushed for a $3.6 trillion federal budget proposal that already is opposed from within his own party. As he seeks lawmakers' support for his first budget, he took a political risk in signaling discomfort with a separate plan that slaps a punitive, 90 percent tax on bonuses paid to American International Group employees.

By PHILIP ELLIOTT Associated Press Writer

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