60 Minutes: Are You Punch-Drunk?

Steve Kroft asks President Obama, “Are You Punch-Drunk?”

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“You’re sitting here. And you’re— you are laughing. You are laughing about some of these problems. Are people going to look at this and say, ‘I mean, he’s sitting there just making jokes about money—’ How do you deal with it — I mean: explain the mood in your laughter…

Are you punch-drunk?” Steve Kroft asked President Obama on 60 minutes, March 22, 2009

“No, no. There’s gotta be a little gallows humor to get you through the day,” President Obama replied.

Does CBS mean the Comedy of Barack’s Stimulus in the world of “intelligent humor?”

For Part Two of President Obama’s 60 Minutes interview, please click HERE.

To read the CBS 60 Minutes News story, please click Obama On AIG Anger, Recession, Challenges.

Illuminating new light on Obama’s stimulating AIG Bonuses:

Snowe chastised colleagues for expressing outrage about AIG’s bonuses, when just last month they did away with her amendment intended to prevent it.

—Sen. Olympia Snowe, R- Maine
quoted in CNN’s report,
Bonuses allowed by stimulus bill

(iii) The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a writte [sic] employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.

—From page H1412 of the Stimulus Bill
as quoted by But As For Me‘s Post,
Obama’s Own Stimulus Bill
Protects the AIG Bonuses He Now Condemns

*For your reading and laughing pleasure, you may also like these related posts…

60 Minutes: Are You Punch-Drunk? is Political Satire by Miss Moneypenny aka Debbie Dolphin

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Miss Moneypenny reporting for the Undercover Times

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About Miss Moneypenny

Contrarian Comedienne who creates Photoshop Political Satire and comedy.

Posted on March 23, 2009, in Humor, Political Humor, Political News, Political Satire, Presidential Phun and tagged , , , , , . Bookmark the permalink. 6 Comments.

  1. No, he is not punch-drunk. he is giddy at the thought of social change. It is no secret academics and those involved with community organization want to create social equality not by raising everyone higher, but by bringing down the wealthy. For many of them, they have a chip on their shoulder. They view wealth as evil–and this includes anyone making comfortable in the eyes of the poorest. They think by bringing down the rich, they will even the playing field so all can get ahead. The problem is, the top 3% of wealth earners shoulder 90% of the taxes (depending on the state/city) so by destroying them you destroy the economy. At that point everyone is equal and must rely upon the government. It’s one way to bring about social equality and change. While everyone will be provided for (minimal), freedom to choose is gone and the freedom to learn from the consequences of your mistakes to make your self better is also removed. For this reason socialism never produces great nations because the fact is pain and discomfort is really weakness leaving the body or society.

    http://tinyurl.com/cuer6d

    Or, Yes, if punch drunk means you have been hit more than you can rationally take so you laugh as your last-resort defense mechanism. This is a man that is in over his head. Remember, Obama has never run a business, has no prior executive experience, spent most of his life in academia and then as a community organizer where the prevailing philosophy is business has destroyed the life of those in poverty. In short he is in over his head, he is the quintessential political virgin, the 46 year-old political virgin

    • Miss Moneypenny

      Hi Barb,

      The classic struggle (or War) of the two main “isms?”

      Capitalism spreads wealth to the few…
      Socialism spreads poverty to everybody.

      I wonder how much each of these “isms” color our perception of government’s role. I favor a limited government that defends our nation and protects our constitutional freedoms as our founding fathers envisioned. Unfortunately, both Capitalism and Socialism have influenced and changed our constitutional government into a “living” document our founding fathers never intended.

      Never has a man risen so far, so fast and is expected to do so much, for so many, with so little may explain Obama’s possible defense mechanism and Steve’s Punch-drunk question. Yet, I have a feeling the 60 Minutes interview was used by the political virgin to convince Americans that he has everything under control.

      Thank you for adding your link uncovering how the Obama’s Stimulus Bill protects the AIG Bonuses. Your news link has been added to this post.

  2. Somehow the exact causes of our problems are always overlooked. The events that fueled the bubble can be tracked back to the same thing in every case … politicians being bought. Whether we are talking Fanny, Freddy, AIG, or even the change in banking as a whole. There used to be regulations in place that would curtail massive leveraging and hedge funds that run wild like some kind of casino.
    As we move forward into the crash and all of it’s “humor”, the rules are just the same. Dodd has ties with AIG … so they cut out the bonus caps long ago before the stimulus bill ever became fact. By reverting to new taxation on the bonuses, the *** kissing remains true, but it shifts taxation on to individuals. Here is the key point. Not very funny at all. About as un-funny as just printing US dollars.

    • Miss Moneypenny

      Hi Eric “Speedcat Hollydale,”

      I agree… @ “Not very funny at all”: my primary reason for adding quotes to “intelligent humor.” All this funny fiat money isn’t funny yet, President Obama cannot stop laughing about the economic crisis.

      Not surprising that the 60 Minute interview avoids discussing the government regulations that may have (or should have?) prevented the global economic meltdown and the politicians who benefited from Fannie Mae and Freddie Mac.

      President Obama: “I think we have to understand the severity of the crisis that we’re in right now. The fact is that, because of bad bets made on Wall Street, there have been enormous losses. I mean there were a whole bunch of folks who, on paper, if you looked at quarterly reports, were wildly successful, selling derivatives that turned out to be…completely worthless.”

      Steve Kroft: “And they were insuring them.”

      President Obama: “Now you know, gosh, I don’t think it’s me being anti-Wall Street just to point out that the best and the brightest didn’t do too well on that front…”

      The bold words of Obama’s quote seems to be more examples of “intelligent humor.” The “best and the brightest” knew what they were doing by selling worthless derivatives and insuring them.

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