Anger Management

Obama: Don't "Govern Out of Anger"

Signals opposition to AIG bonus tax.

Although the public is still hopping mad—when’s the last time the ladies of The View weighed in on economic matters?—President Obama and his advisers are putting the brakes on the 90 percent tax that could be levied against AIG’s $165 million bonuses. "I think the president would be concerned that this bill may have some problems in going too far—the House bill may go too far in terms of some—some legal issues, constitutional validity, using the tax code to surgically punish a small group," said Vice President Joe Biden’s top economic adviser on ABC’s This Week. The president meanwhile, said he would not “govern out of anger” on 60 Minutes. "Let's see if there are ways of doing this that are both legal, that are constitutional, that uphold our basic principles of fairness, but don't hamper us from getting the banking system back on track," he said.