The irony seems somewhat lost on our new President:

President Obama, usually cool, was visibly angry in his weekly address, chastising corporate bankers for the second time this week for accepting taxpayer bailout money and then doling out $18 billion in executive bonuses. "The American people will not excuse or tolerate such arrogance and greed," Obama said in the video and radio message released today. "Even as they petitioned for taxpayer assistance, Wall Street firms shamefully paid out nearly $20 billion in bonuses for 2008." Administration officials challenged a report in The Washington Post that suggested Obama was unlikely to tighten restrictions on compensation for banks that accept bailout funds, saying the report was "simply untrue."

You know what's another way to prevent Wall Street tycoons from using taxpayer money to reward themselves? Don't give them taxpayer money! I can't tell if this is the same anti-greed rant that Obama gave with Geithner standing next to him or if this was a different speech with the same content but less hypocrisy.

I also don't know if "bonuses for failed Wall Street execs" is the most wasteful way taxpayer money is about to be spent. The reason I don't know is because the White House says they're too busy to check what kind of pork is getting attached to the stimulus plan. Estimates are that it will be roughly a huge fuckload. But just how huge a fuckload is anyone's guess.

All in all, I'm pretty psyched about the trillion dollars we're about to spend as part of the left's clumsy redistributionist power grab. What could go wrong?

References:
* Obama: Wall Street 'Arrogance and Greed' Won't Be Tolerated [ABC News]
* Hypocrisy Overload...Obama Attacks Greedy Wall St. Types With Noted Tax Evader Mistake Maker Next To Him [Ace]
* Obama's Spokesman Gibbs: We Just Don't Have the Time to Patrol the Stimulus for Wasteful Spending [Ace]
* Op-Ed Columnist - The First Test [Brooks / NYT]
* Obama: Um, I know some of you are skeptical about spending a trillion dollars [Hot Air]
* Video: Michelle on Robert Reich's color-coded stimulus plan [Hot Air]

Previously:
* Obama's Latest Round Of Deeply Ironic Appointments
* Of Course: Obama Energy Czar Carol Browner Sits On A Socialist International Commission
* Global Economy Not Feeling Particularly Hopey, Changey