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U.S. President Barack Obama has been in office two months now, and the ongoing1 economic crisis is putting his leadership skills to the test.
President Barack Obama makes a statement on AIG, on the South Lawn of the White House in Washington, 18 Mar2 2009
It was a challenging week for a new president focused on restoring public confidence in an economy that remains3 uncertain.
Mr. Obama faced an unwelcome political distraction4 in the form of public outrage5 over millions of dollars in bonus payments to executives at the troubled insurance giant American International Group, which is getting bailed6 out by the U.S. government.
The issue of bonuses being paid to executives working at a company that has been rescued by U.S. taxpayer7 funds set off a firestorm on Capitol Hill. Members of Congress from both political parties quickly joined in the condemnation8, including Democratic Congressman9 Gary Ackerman of New York.
"Mr. Chairman, there is a tidal wave of rage throughout American right now," he said.
Acting10 on that anger, the House of Representatives overwhelmingly approved a 90 percent tax on the bonus payments to AIG executives. A similar bill will now be taken up by the Senate, although legal experts question if the bill can withstand constitutional scrutiny11.
But the AIG mess threatens to shift the president's focus away from trying to restore confidence both among the public and within the financial markets.
"There is an incredible amount of anger in this country and a sense that Wall Street has really enriched itself at the expense of the ordinary person who is suffering mightily12 these days," said Tom DeFrank of the New York Daily News.
Mr. Obama said he understands the public anger over the AIG situation, but he's also urging the public not to lose sight of the bigger goal of bringing the national economy out of recession.
The president took his case directly to the people at town hall meetings in California Thursday and to late night television as he appeared on NBC's Tonight Show with Jay Leno, a top ranked entertainment program.
"I do think, though, that the American people are in a place where they understand it took us a while to get into this mess. It's going to take a while for us to get out of it," the president said.
Several Republicans criticized the president's appearance on a late night comedy show as undignified.
But American University expert Allan Lichtman says Mr. Obama is using all the public relations weapons at his disposal.
"These are sober times and our president has delivered a lot of stern and sober talks to the American people. But there is a lighter13 side to Barack Obama," he said.
Opposition14 Republicans see an opportunity in the public outrage over AIG.
House Republican leader John Boehner wants to know when the administration knew about the AIG bonuses and why it did not do more to stop them.
"And the American people have a right to ask, what are the Democrats15 doing here? And the right to demand from us better solutions, and they will get them," said Boehner.
President Obama's legislative16 agenda has slowed somewhat since last month's passage of the economic stimulus17 plan.
But Georgetown University scholar Stephen Wayne says the president needs to keep the pressure on Congress to tackle complicated issues like health care, education and energy.
"He has used the crisis as an action-forcing mechanism18 to get Congress to move, and to move quickly, which is something congresses don't do except in times of crisis," Wayne said.
Congress did move quickly to pass the president's economic stimulus plan. But most experts predict longer and more complicated congressional battles over issues like health care and energy independence.
1 ongoing | |
adj.进行中的,前进的 | |
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2 mar | |
vt.破坏,毁坏,弄糟 | |
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3 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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4 distraction | |
n.精神涣散,精神不集中,消遣,娱乐 | |
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5 outrage | |
n.暴行,侮辱,愤怒;vt.凌辱,激怒 | |
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6 bailed | |
保释,帮助脱离困境( bail的过去式和过去分词 ) | |
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7 taxpayer | |
n.纳税人 | |
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8 condemnation | |
n.谴责; 定罪 | |
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9 Congressman | |
n.(美)国会议员 | |
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10 acting | |
n.演戏,行为,假装;adj.代理的,临时的,演出用的 | |
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11 scrutiny | |
n.详细检查,仔细观察 | |
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12 mightily | |
ad.强烈地;非常地 | |
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13 lighter | |
n.打火机,点火器;驳船;v.用驳船运送;light的比较级 | |
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14 opposition | |
n.反对,敌对 | |
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15 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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16 legislative | |
n.立法机构,立法权;adj.立法的,有立法权的 | |
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17 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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18 mechanism | |
n.机械装置;机构,结构 | |
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