From “After the Great Recession: An Interview with President Obama”:
THE PRESIDENT: We will miss it in the sense that as a consequence of 25-year-olds getting million-dollar bonuses, they were willing to pay $100 for a steak dinner and that waiter was getting the kinds of tips that would make a college professor envious. And so some of the dynamic of the financial sector will have some trickle-down effects, particularly in a place like Manhattan.
But I actually think that there was always an unsustainable feel about what had happened on Wall Street over the last 10, 15 years, and it’s not that different from the unsustainable nature of what was happening during the dot-com boom, where people in Silicon Valley could make enormous sums of money, even though what they were peddling never really had any signs it would ever make a profit.
Posted April 29, 2009 | ∞ | File under: news, nytimes, obama
Early prediction on this voting day: Obama Wins.
Posted November 4, 2008 | ∞ | File under: link, obama, politics, psychic abilities
I want Barack Obama to be the next President of the United States of America.
Posted October 15, 2008 | ∞ | File under: just thought you should know, obama, politics
