POTUS weighs in on DOMA and JP Morgan Chase
Photo credit: Getty Images
May 14th, 2012
08:42 PM ET

POTUS weighs in on DOMA and JP Morgan Chase

Washington (CNN)-Less than a week after President Barack Obama made history by endorsing same-sex marriage, the president would not commit to fighting to have the Defense of Marriage Act, commonly known as DOMA, be repealed.  In an interview on ABC's "The View" Mr. Obama reiterated his administration's decision to stop defending the law in the courts.  "My justice department has said to the courts we don’t think the defense of marriage act is constitutional this is something that historically had been determined at the state level, and part of my believing ultimately that civil unions weren’t sufficient."  But pressed further if he would fight to repeal DOMA, Mr. Obama would only say, "Congress is clearly on notice that I think it’s a bad idea."

And in the wake of the stunning news that JP Morgan Chase lost $2 billion dollars in risky derivatives trading, Mr. Obama called the bank's CEO one of the nation's smartest bankers but also pressed the need for Wall Street reform.

"First of all JP Morgan is one of the best managed banks there is. Jamie Dimon the head of it is one of the best banker’s we’ve got and they still lost two billion dollars and counting precisely because they were making bets in these derivative markets." he said.

"This is why we passed Wall Street reform. This is the best or one of the best managed banks. You can have a bank that isn’t as strong isn’t as profitable and we might have had to step in and that’s exactly why Wall Street reform is so important."

soundoff (103 Responses)
  1. Truthfully

    " Mr. Obama reiterated his administration's decision to stop defending the law in the courts."

    Really? I mean REALLY??? Not uphold the law in the courts??? Why hasn't this president been impeached? He decides which laws he thinks should be upheld and which ones shouldn't?

    May 14, 2012 at 9:27 pm |
    • Socrates

      That is exactly why we have three branches of government. Even according to Scalia and the other radicals the executive branch is allowed to selectively enforce laws, just like every Republican administration has done with EPA regulations. Our government was built to be inefficient by the founders so that power was not consolidated in any one branch and love it or hat it this is not grounds for impeachment, it's democracy.

      May 14, 2012 at 11:09 pm |
    • Shawn from San Diego

      listen, go back to your cabon and down on your sister, let the adults talk here. ok?

      May 15, 2012 at 12:04 am |
    • Ryan

      The President is only required to enforce the laws, not defend them. If the Justice Department doesn't feel that they can continue to defend the constitutionality of a law, then they have every right to not defend it in court. President Obama has not stopped enforcing DOMA, as evidenced by the fact same-sex marriages are not afford federal benefits that heterosexual marriages are. I for one applaud them for not wasting our taxpayer dollars defending a law that is very clearly not constitutional.

      May 15, 2012 at 12:40 am |
      • Name*Liz Carter

        Right Ryan, why in the world do these anti-Obama, Obama-hating demons always try to implicate the President of The United States into 'fringe requests' of certain focus groups, like he is the ONLY one working in Washington!! They act like he's the ONLY lawmaker, the ONLY actual write drafter of the law, and the ONLY soldier that should be standing on the frontlines, fighting for it!! He has a law department, and a simulance of a Congress who are supposed to be the "lawmakers"!! Even though the 'marriage act' will ultimately be handled by State Governments, even at the Federal level, all a President is required to do is signs bills/laws into enforcement. They're just still trying to instigate bad blood between the President and the Gay Community; even though he has publicly announced that he was for all Americans having the right to be married, no matter what the sex or genders of those people are. Under the civil rights law, it is their right to go into a marriage vs a civil union, which he had previously said was appropriate!! What else do these clowns want the man to do?? I think this issue is boarding on harrassment of the President!! Hey, @Truthfully, your Rethugs are the ones who aren't fighting for the law and have told you to your face what they believe and want!! Why don't you ask them to step down??

        May 15, 2012 at 5:05 pm |
    • Mslisa

      Sorry Love – But the president can not run state laws... Where have you been?

      May 15, 2012 at 6:37 am |
    • Worried about the GOP

      See? THIS GUY^ is why I worry about the GOP. More often than not, they pick out whatever weird little thing that pops up in their little uninformed minds and gasp. Impeach? Geeze dude... "truthfully" where do you get your notions of how the U.S. government is run??

      May 15, 2012 at 8:34 am |
    • go eat dirt, rethug!

      Go eat dirt, you SILLY Rethug!

      May 15, 2012 at 10:23 am |
    • MIke

      It's the job of the Chief Executive to make sure that the laws of the land are carried out.... But Obama has never been an executive..... Obama is a national embarrassment....

      May 15, 2012 at 10:30 am |
      • Cat*Whisperer

        Uh, NO. You must be talking about George W...that guy was the king of embarrassment around the entire world. You people are delusional.

        May 15, 2012 at 11:13 am |
      • Niko_in_Richmond

        You say that he's a national embarrassment; yet, it looks like he's about to be re-elected. Please present the "facts" that you use to come to that conclusion if you have any. While his poll numbers are down, he is still in a better position than any previous president to get re-elected and that is even with the unemployment numbers being above 8 percent.

        May 15, 2012 at 11:46 am |

        Sorry Mike, you are incorrect. There is a distinction you are missing. Obama has not stopped ENFORCING DOMA, which is the executive's role. What Obama has done is to merely stop DEFENDING the law in the courts, which is his prerogative as executive.

        May 15, 2012 at 12:02 pm |
      • Name*Liz Carter

        Oh, and Mike had he done what I just detailed to Tom in my last post,...I bet all of you griping haters would have been calling him 'THE EXECUTIVE' then!! HUH?? LOL!! You are just a bunch of evil antagonistic sore-loosers, who are still loosing!! Obama/Biden 2012!!! Yes! It's going down AGAIN!! LOL!!

        May 15, 2012 at 10:53 pm |
    • Tom from Canonsburg

      Obama has not committed a treasonous or impeachable offense. You really need to read and learn history. Reagan should have been impeached for Iran-Contra. Bush and Cheney should have been impeached for denying American citizens civil rights by putting them in Gitmo without due process. Remember talk is cheap. If there were charges that could be pressed, don't you think that Boehner & McConnell would have already pressed them? NO CXharges have been pressed, but the GOP and their propaganda ministers continue to spew venom.

      May 15, 2012 at 12:41 pm |
      • demrules

        Unfortunately, there are some who are still upset about the "appearance" of this President. I have never seen a sitting Governor shake their finger in the face of any sitting President until Arizona's governor did so. I have never seen an active congressman shout out in a SOTU address until congressman Joe Wilson of South Carolina did so. These people have allowed their true hatred and disrespect for this President to overtake them that the world see that the "good ole boy" establishment feels entitled. This is what the GOP now stands for!

        May 15, 2012 at 1:13 pm |
      • Name*Liz Carter

        Thank you Tom!! They know they'd be opening up a can of worms!! Had Obama gone into office on that first day and directed Eric Holder and his law department to go right to work on pressing charges against Bush, Cheney and the rest of their war-mongering cronies, while Boehner and McConnell were standing up in the House of Representatives on the very same day, telling us ALL that they intended to make him a 'One Term President', I bet we wouldn't havve been hearing all of this BS from the Teatards and the GOP. I'm positive the self-described blog politicians would have been keeping their mouths shut!! You probably be able to hear a rat piss on cotton, when it comes to the media presentations and street conversations!! It's still not too late!! He was even asked that very question while he campaigned by different people from his 'townhall meetings', and all he said in response was, 'Noone is above the Law'. When he won the nomination and even the Presidency, his speeches took a different tone!! Obama started walking it back; he said there was enough blame to go around'!! He started saying we as Americans should just focus on getting America back on her feet. Look forward not backwards..., words of seemingly a little acceptance and tolerance, and that we are here now, so let's just work together to re-build an even better AMERICA!! Instead of appreciating that, these clowns have been giving him their behinds to kiss, sabatoging and undermining everything the man has tried to do!! Obama should have done it to them before these snakes started doing it to him!! That's why Shaka Zulu said to his soldiers,...'Never leave an enemy behind'!! Washington DC is his enemy, but 'the TRUE powers that be' are the last word and have his back!! It's sad, and ridiculous!! They are spawn from Lucifer, himself!!

        May 15, 2012 at 10:44 pm |
    • Theresa

      This is such a non issue. I can't believe my tax money is being wasted here just because some crazy christians think they can control everyone on the planet. Churches are private organizations, if they don't want to marry gays, they don't have to. However the country is not private and EVERYONE is entitled to the pursuit of happiness.

      May 15, 2012 at 12:59 pm |
    • demrules

      So, you have already forgotten how the GOP whined about The President's Health Care Law until it went to the supreme court? This is our democracy in action. So the answer to your "Really"? ....REALLY!

      May 15, 2012 at 1:00 pm |
    • jean2009

      You do know that several district federal judges have already ruled that parts of DOMA are unconstitutional?

      May 15, 2012 at 4:04 pm |
  2. Dave, Central Illinois

    So the Executive branch under Obama will not do its job and enforce the laws passed by the Legislative branch. This is a flagrant violation of the Constitution. Throw the scum out of office!

    May 14, 2012 at 9:34 pm |
    • Worried about the GOP

      And again with the name-calling. All I hope is you step back from posting garbage opinions like this and say to yourself, "Hmm... could do better." Can you?

      May 15, 2012 at 8:36 am |
    • Socrates

      Actually it is not a constitutional violation. The executive branch need not and indeed cannot enforce every law all the time. He is called upon to make strategic enforcement decisions by allocating a limited amount of resources however he sees fit. Im glad he dosen't want to waste my tax dollars defending some blatantly unconstitutional nonsense.

      May 15, 2012 at 10:04 am |
    • kbv206

      Sorry I want a modern president. Not a president from a party whose views are more in line with Puritanical values from Salem, Massachusetts. I want the Republicans to lose badly, hopefully reform themselves, and rearrange their misplaced values to compete with the Democrats next election because they really need to get their act together. The country is better off with two strong parties but I think the Republicans have become shortsighted and have failed to live up to their once great reputation as forward thinkers.

      Obama 2012.

      May 15, 2012 at 11:22 am |

      There is a distinction you are missing. Obama has not stopped ENFORCING DOMA, which is the executive's role. What Obama has done is to merely stop DEFENDING the law in the courts, which is his prerogative as executive.

      May 15, 2012 at 11:46 am |
    • sogooden

      Do you research. You will find that the President cannot step in regarding state laws. Wipe the spittle from your mouth. You're foaming.

      May 15, 2012 at 12:41 pm |
      • demrules

        You picked up on that too huh? The spittle has turned in an outright foaming at the mouth!

        May 15, 2012 at 1:03 pm |
      • John

        Agreed, but he can change laws at the state level. That is what is being discussed now with gay marriage – a federal law allowing marriage. If it happens it will trump the state laws.

        May 15, 2012 at 2:14 pm |
      • jean2009

        I look for DOMA to be challenged in the Supreme Court.

        May 15, 2012 at 4:12 pm |
    • demrules

      The man is a Constitutional Lawyer! You can't possibly know what you are crying about! He knows the law and the Constitution!

      May 15, 2012 at 1:01 pm |
  3. mcskadittle

    come up with a crime that he can be charged with, you have to have a reason to impeach a president or they all would be

    May 14, 2012 at 9:36 pm |
  4. Truthfully

    @ mcska...
    Do your own search and you will see how he qualifies for impeachment.

    May 14, 2012 at 9:44 pm |
    • Name*Essie

      @Truthfully.... Umm, "Truthfully," u need to truthfully SHUT UP!!! You truthfully sound crazy!!! (Get a new name!!).

      May 14, 2012 at 10:57 pm |
      • Lookwhoistalking

        That was truthfully funny . . . @ Truthfully, you are truthfully an idiot . . . truthfully! LOL!

        May 15, 2012 at 6:08 am |
    • ckansas

      So, your answer to Mcskadittle is that you don't have a single example of something that qualifies Obama for impeachment but that you are sure he can find something if he searches for you. And deciding how to execute the laws that Congress writes is not a crime, its the job of the executive branch. Including deciding to simply not enforce some. You may think that is wrong, but there are plenty of federal laws (and state laws) that are rarely enforced for a variety of reasons.

      May 14, 2012 at 11:03 pm |
    • John

      Truthfully, these defenders of Obama will not do research. In their minds Obama is great and everything he does is great. In their minds, if something negative arises it is either the fault of another or it is a lie.
      Look at this story, Chase is a private company that lost billions of their shareholders money. They are not asking the governmnet for anything. The dems are all over the news telling their lies about Dodd Frank and how we need those regulations. Now it comes out that if Dodd Frank were totally implemented it would not have stopped this 2 billiond dollar problem.
      One more thing, why do the lib dems think this Chase problem is bigger than the BILLIONS OF OUR MONEY THIS ADMINISTRATION LOST with their green initiatives? We all know the answer and it is political. In the eyes of lib dems Dimon should be fired because of this problem, even though he has made billions upon billions for his shareholders. But, the same people think Obama is a hero because he keeps throwing our money at companies this administration wants to "MOVE FORWARD". It is sick what this administration has done in the name of "progress(ive)".
      Next up, the drone issue. By 2020 over 20,000 government drones will be flying over the US.

      May 15, 2012 at 6:49 am |
      • Lookwhoistalking

        @John, Question, who's your alternative, Romney? You only have, realistically, two real choices . . . Romney or Obama?
        Whatever and however you feel about Obama, Romney will be far worst . . . no real core, weasel, gutless, phony shameless, use car salesman. I thought so. LOL.

        May 15, 2012 at 8:35 am |
      • John

        Why would you think Romney would be worse. We see in front of us what Obama has done. Another 4 years of Obama and this country won't look like America. It will look more like Greece.
        I understand you libs want to bash Romney, heck, MSDNC had a talking head on last night who compared Romney's wife to Hitler and Stalin.
        Romney could turn out to be the same as Regan as it related to the economy. We know what Obama is, excuses and pointing blame because he can't get the job done.

        May 15, 2012 at 8:39 am |
      • Worried about the GOP

        John... so far you haven't proven anything. Whether you like it or not – HALF of the country is "progressive" – the other half is "conservative." Both sides need to agree to govern. Name calling and glittering generalities says nothing, proves nothing and does nothing.

        May 15, 2012 at 8:47 am |
      • Lookwhoistalking

        Reagan is just a post fantasy, an actor, who played the role of the President. Reagan is partly responsible for creating this hell hole of an economy. Grover Norquist was his brain child and is ruining the unity of this country by giving it all to the 1% . and by the way, the trickle down economics, belong to Reagan. LOL! Open your eyes man, Romney is by far the worst, ever! Period.

        May 15, 2012 at 9:12 am |
      • The Real Tom Paine

        Where were you when the Patriot Act was first passed? Probably cheering it on. Typical rightie, incapable of a nuanced arguement in favor of ad hominem attacks and over-arching generalizations.

        May 15, 2012 at 9:13 am |
      • The Real Tom Paine

        Really? Over 20,000 government drones by 2020? Have you checked to see if they governemnt has put its tracking chip inside you to control you? If you want to believe the government is spying on you, and yet is incompetant in everything else, keep on trucking, brother. You're good for a laugh.

        May 15, 2012 at 9:15 am |
      • John

        Hey, real guy. Read the USA Today today. Now you can laugh at yourself....
        Look guy, so Regan was bad, but you think Obama is good? Can you explain why?

        May 15, 2012 at 9:23 am |
      • electrovibe11

        "Why would Romney be worse" - Simple answer... check his record in Massachusetts to see his public policies and how much his 'private sector experience' helped him in the public sector. He cut k-12 education, he cut higher ed, he cut taxes for himself and other rich buddies, he cut publicly funded job training, and he raised fees on everything from hunting licenses to student loan applications. What did that get him? 47th in job creation, .9% growth (country avg was 4.5%), more taxes and fees for the middle class, and he STILL couldn't balance the budget...

        IIs this what you really want for our country?

        May 15, 2012 at 10:51 am |
      • John

        BTW, Tom Paine – Obama extended the Patriot Act....Did you speak up against that?

        May 15, 2012 at 2:17 pm |
      • Selma

        John, I'm not in a position to precidt the outcome of the Democrat's race. I know how odd it sounds most of the time when Democrats voice opinions about the Republican race, and I want to avoid sounding that way. You're one of the few people who can make precidtions about either race without sounding out of touch. You may well be right, I'd just say that you're making a bold precidtion and as far as precidtions go, bolder is better.I think that Romney is in a position to be a serious leader if he can rise to the occasion over the next few years. I think that if Hillary loses, she's doesn't have much of a future in presidential politics in the next 8 year. I'm guessing that the sentiment will be that she's had her turn even if she doesn't get the nomination. That doesn't rule out a comeback in a different cycle, but I think if she loses this nomination battle, it's a serious uphill battle for her to pull it off in the short term. (I say that realizing that 4 years is beyond eternity in political timelines .)Guy, that's the Oliver North I'm talking about! Though it's worth noting what he was convicted for. Specifically, he was convicted of lying to Congress (i.e., perjury) for preparing an inaccurate timeline that was never actually presented to Congress. That's why the conviction was vacated by a higher court. Interestingly, even the ACLU came to Oliver North's defense on this one.

        July 30, 2012 at 5:15 pm |
    • Worried about the GOP

      If you think that Obama should be impeached... show the infraction. So far, I haven't seen anything but name-calling, and that does nothing, proves nothing, says nothing. You have nothing to say but name-calling.

      May 15, 2012 at 8:39 am |
    • Tom from Canonsburg

      When you do your research, go a little further than the venom spewing GOP sites. Try the library of congress, news organization that have merit and maybe some history books. I get emails from Conservatives and I do look to see how much truth is involved. One I received the other day, I google the subjuct and waded through 12 pages of venom. Still didn't find one reputable source. Pretty normal.

      May 15, 2012 at 12:48 pm |
      • John

        I am not sure who you are talking to or about. Maybe if you could provide an example of what you are talking about I, or whomever posted, can address your concern...

        May 15, 2012 at 1:26 pm |
    • Name*Liz Carter

      If he does not Truthfully!! And if he ever does Bush and Cheney will be the first ones at the gallows!! LOL!! Truthfully!!

      May 15, 2012 at 11:01 pm |
  5. Buzz54

    He needs voted out in November, the most dangerous time in American history will be the 2 months after the election. But really..... ""First of all JP Morgan is one of the best managed banks there is. Jamie Dimon the head of it is one of the best banker’s we’ve got and they still lost two billion dollars and counting precisely because they were making bets in these derivative markets." he said." What a leader...LOL

    May 14, 2012 at 9:46 pm |
    • Lookwhoistalking

      @ Buzz54 And gutless spineless, core-less phony and chicken hawk Romney would be better for this country. Just like your boyfriend Romney, you criticize with no solutions.

      May 15, 2012 at 8:40 am |
      • John

        Say what you will about Romney. It just shows who you are. People who want things fixed in this country will vote for Romney. Those of you who want more of the same socialist leaning policies will vote for Obama.

        May 15, 2012 at 10:06 am |
    • Worried about the GOP

      short on reading comprehension, or what? This is what I got from the statement: Obama is making a statement of contrasts to make a point: JP Morgan happens to be one of the leading banks in the world – and YET they make mistakes like this; without new rules, we can assume that other banks may make even WORSE mistakes. Not sure why I'm even commenting on this comment... lol.

      May 15, 2012 at 8:51 am |
  6. spenteco

    No more stepping in to save these sorry ass bankers. They want to gamble, the hell with them. They are the biggest whiners in friggin' history. Jamey "boy" dimon" is a total jerk and every time he's on any program I am watching I change the channel. I do not enjoy hearing a whining wuss of a banker spew off. If his lips are moving he is lying. He and his ilk should be rounded up and sent non-stop to Afghanistan. One way. The idea that we have stood by and allowed 5 banks to represent over 50% of GDP is nothing short of insanity. President Obama is losing me with all this BS praising thieves like lil Jamey. Even his name sucks. I mean, what is a jamey anyway. To listen to this crap about over regulation is a farce. Congress is bought and paid for and I'm now questioning the President's integrity, and I am a yellow dog Dem. Yes, it is that bad.

    May 14, 2012 at 10:30 pm |
    • John

      If Dodd Frank were fully in place it would not have stopped this 2 billion $ problem. Do you hate rich people in general?

      May 15, 2012 at 11:31 am |
    • John

      BTW, nice to see a dem take a critical look at the current administration. Thank you. This is all people like me ask. You can hold your views, just do not follow blindly.

      May 15, 2012 at 11:33 am |
  7. 1ST SGT

    This is such a sickening scene. Nothing besides Elizabeth here but Liberals. Very biased Liberals. They look like a wad of tumble bugs rolling Obama the black ball to a hole where he belongs.

    May 14, 2012 at 10:40 pm |
    • Lookwhoistalking

      @ 1st SGT . . . What beautiful green eyes you have! Who can be anymore bias then Elizabeth? Who, tell me Who? LOL!

      May 15, 2012 at 9:16 am |
    • The Real Tom Paine

      Let me guess...FOX and Friends fan, right? Go back to your echo chamber, idiot.

      May 15, 2012 at 9:16 am |
      • John

        It is funny how the left, without knowing anything because they refuse to watch, keeps telling us how bad FOX is... Especially when many of them are avid MSDNC watchers. Sharpton, the lady with the lisp, Crazy Ed and the gang are much more professional than anyone on FOX – LOL!!!
        BTW, your argument is all wet. Mostly because FOX has liberal "regulars" on the majority of their shows. But, because of ignorance, you wouldn't know this...

        May 15, 2012 at 11:38 am |
    • Kool-Aid Police

      Anyone who watches this show to form their opinion on the world is an idiot. Most Obama voters fall in this category.

      May 15, 2012 at 1:48 pm |
  8. no obama drama

    Okay so Obama will support gay marriage but won't fight to repeal the Defensive Marriage Act..that speaks volumes! He doesn't really believe what he said...It's all political.

    May 14, 2012 at 10:48 pm |
    • Lookwhoistalking

      And Romney is real and dedicated to what? Look at Romney, he has no core.

      May 15, 2012 at 8:41 am |
    • Casey

      @ no Obama drama: maybe you should look into the facts before expressing misguided opinions. DOMA has already been ruled unconstitutional by the courts. The president could order the justice department to appeal that decision or not. He is choosing to not appeal it. A few members of congress are appealing it and Obama is staying out of it except to express his opinion on the subject, which is very apart politically.

      May 15, 2012 at 9:09 am |
    • Lizzie

      I'm for it, I'm against it, I'm for it, I'm against it, I'm evolving, just let me get all the money from the gay comunity for my reelection.

      May 15, 2012 at 10:20 am |
      • DEcember 2012


        May 15, 2012 at 10:23 am |
      • John

        Hey throbbing member2012, didn't Obama just go FULL CIRCLE on the gay marriage issue? I thought so. That is why you are the only lib talking about flip flop. The others know better. It is like the dog issue. The dems were really talking up Mitt putting his dog on the roof. Until, of course, we all started talking about Obama killing and eating dog... But, what is true? Obama is now saying what is written in his books is not really true... He said he needed to change names and stories.

        May 15, 2012 at 1:30 pm |
  9. Big Al

    Did they discuss the impact unemployment is having on African Americans? Did Woopi and Joy and Barbara ask what he is doing to improve the worst jobs report in history concerning black youth (ages 16 to 19)? Did any of the liberal hosts, all female, ask why the annual unemployment rates for WOMEN, since he took office, are the highest they have been since 1983? Did any of them ask why he has appointed so few African Americans to his Cabinet? Did any of the liberal hosts ask why the annual unemployment rates for MEN, since he took office, are the highest they have been since 1983?

    May 14, 2012 at 10:54 pm |
    • Lookwhoistalking

      What would you have the first african american president do for Black people, give them special treatment. All eyes are on President Barack Obama . . . black eyes, white eyes, brown eyes and yellow eyes, waiting for any excuse to abandon him, because it's in their subconscious racial bias nature to do so. All through out history, the first black to do any thing in America have be faced and confronted with extraordinary opposition geared to undermine by obstruction, lies, disrespect and fear. Case and point Jackie Robinson (first colored major league baseball player) this should lead you to the water . . . it's up to you to drink it. President Barack Obama is a far better choice then what we have in the pot at this time. This is still his time. He is on the right side of history are you?

      May 15, 2012 at 8:55 am |
      • Cat*Whisperer

        Hey Republicans...do you plan to retire someday? Do you expect to be on Medicare or receive Social Security? Are your parents or grandparents on Medicare or receive Social Security? Wake up NOW...not a SINGLE Republican voted for Medicare OR Social Security, and they relentlessly try to kill it. If you are not wealthy, then you are a Republican out of mere ignorance, the fact is most of you cannot understand the language of the Democrat. Simple, mindless Republican lies, quips and sound bites scare you into believing Republicans give a shit about you. Republicans are about the wealthy, so if you aren't rich, you are on the wrong side of this.

        May 15, 2012 at 11:22 am |
  10. Conrack

    "First of all JP Morgan is one of the best managed banks there is. Jamie Dimon the head of it is one of the best banker’s we’ve got and they still lost two billion dollars and counting precisely because they were making bets in these derivative markets." he said.

    They are betting with our futures. How many more times do these "Masters of the Universe" have to fail and be bailed out by taxpayers whow take a double hit by paying for their bonuses with our tax money and watch our 401k's shrink because they "bet" on derivatives. And the GOP wants less regulation? Regulation these people to the point where they clean up theri oown mess and down't take down the rest of us.

    May 14, 2012 at 11:41 pm |
  11. Jerry

    This is where Mr. Obama feels most comfortable, with the idiot "softies" from the View (except for Elizabeth). He knows that he will be able to continue his lying ways and the "girls" will give him a free pass.

    America, lets ensure that the media and the moronic Hollywood crowd are unable to dictate whom we should vote for come November. Lets make sure that they get a clear message that the White House is not for sale to the highest bidder. We were fooled once; lets not be fooled again!!!

    May 15, 2012 at 6:27 am |
  12. Mslisa

    You've gotta love Obama holding Barbra (a known REP.) Love her fake smile... Hope your shower made you feel better Brabra.

    May 15, 2012 at 6:39 am |
  13. stephensonbillings

    Is this really an appropriate forum for the presidnent to be pontificating on economics? The guy is so out of his league he has to seek out a crowd of ladies to make himself feel smart when it comes to money issues.

    May 15, 2012 at 6:39 am |
    • Lookwhoistalking

      @ Stephensonbillings, No, he's out of your league. He is far beyond anything your out of touch prehistoric mindset can comprehend . . . Period.

      May 15, 2012 at 8:59 am |
    • The Real Tom Paine

      Let me guess: all of your information comes from FOX and Friends? They make The View cast look like Beranke.

      May 15, 2012 at 9:10 am |
  14. Butch D Ike

    Obama doesn't really support this. You fruits are crazy to think he does. Anything for a vote.

    May 15, 2012 at 8:21 am |
  15. Donkey Party

    Love seeing the ignorant, insane, and racist comments from you right-wingers! It really makes my day knowing how much this President riles you little pathetic mental midgets.

    May 15, 2012 at 8:33 am |
    • Molly

      True. Half their comments are misspelled. Wish a high school diploma was required to let a person vote, so no one would have to pander to these racist inbred Appalachia-types.

      May 15, 2012 at 8:42 am |
      • Steveo

        High School diploma required to vote? Really and I guess your suggestion is to prove one has a HS diploma by what, an ID card? So the ID must show education level but not citizenship? I got that right??? Good golly, Ms Molly!!

        May 17, 2012 at 9:13 am |
    • Lookwhoistalking

      @ Donkey Party . . . I know right!

      May 15, 2012 at 9:00 am |
  16. The Real Tom Paine

    Its amazing to me to see the righties on here screaming for Obama's head when there has not been one single productive solution from the Right since Obama became president. Not one. Their idea of " freedom" is to remove responsibility and accountability for the wealthy, because their "success" has made them a sacred object that nobody dare question. The complaints here from anyone regarding the opinions of regualrs on " The View" are so hypocrical in light of how FOX conducts themselvbes on a daily basis. FOX and Friends, O'Reilly, Hannity, all right-wing propaganda coming from the company that is under criminal investingation in the UK, and yet the righties have the gall to complain about what Whoopi Goldberg thinks? Please. All the presdent did is point out that JP Morgan rolled the dice and lost: if we had a GOP president, the righties would think it was not big deal at all. The outrage on here is fake, and the righties are just so used to being in their FOX echo chamber that they can't distinguish a nuanced arguement simply because it comes from the president. Frankly, the GOP is incapable of nuanced thinking, only screaming attacks.

    May 15, 2012 at 9:08 am |
    • jerry

      there have been dozens of laws passed by the house to die in the senate...moron. Even budgets... JP Morgan is obama's baby and so is the economy and the mess he created in the middle east and eastern europe...and he is going to pay for it.

      May 15, 2012 at 10:02 am |
      • Karom

        And who Started the War on 2 fronts in the Middle East claiming weapons of mass destruction JerrY? And who did not see fit to monitor Fannie Mae and Freddie Mac Jerry? No the economy was flying faster down the tank because of 8 years of Little Bush.

        May 16, 2012 at 5:25 am |
      • Steveo


        And who Started the War on 2 fronts in the Middle East claiming weapons of mass destruction JerrY? And who did not see fit to monitor Fannie Mae and Freddie Mac Jerry? No the economy was flying faster down the tank because of 8 years of Little Bush.
        1. Afghanistan is NOT in the Middle East. It's in Central Asia!
        2. Bush warned Frank, Dodd and the Dems of failures in Fannie and Freddie. They failed to pay attention!

        May 17, 2012 at 4:34 pm |
    • John

      You need all these words to tell us Obama can't get the job done? It really doesn't matter why he can't get the job done at this point. He only has 6 months left.
      BTW, you obviously have never watched Fox. It doesn't surprise me that you try to convince people on something you are totally clueless on.
      Fox is the highest rated news network on tv. I am sure the one you watch is not close. My guess is their ratings are in the toilet, just like these rags that are coming out against Romney with 50 year old stories. Isn't it amazing that these rags can't find anything out about Obama from 20 years ago, but they can make up a story from 50 years ago? I say it is made up because they have already retracted one portion of the story and one of the people they said were there says they were not.

      May 15, 2012 at 10:19 am |
      • kbv206

        Because Fox is soooo neutral. I have lost faith in the Republican party and they are a shell of what they used to be, back when I was proud to be called one. Their shameful tactics have really hurt this country, especially the really radical ones. President Lincoln would be voted out of office in this climate. Just look at what they are championing for-'

        Gay marriage- Marriage is for straight couples only and same-sex couples can never have it because the Bible says so. (separation of church and state anyone?). We evangelicals believe in the bible and the bible is always right. Oh by the way, please ignore the article about our charities for veterans, which have been exposed as fraudulent. (see CNN)

        De-regulation- Even though the lack of regulation led to financial crisis, lets further deregulate big business because that will provide jobs. (ignoring the fact that companies are just sitting on cash reserves or paying their CEOs even more- see JP Morgan)

        Debt Ceiling- No, we are not going to pay our currently existing debts and we want to make sure that we take down the debt. Let's just cut social security and pell grants first. Hiking taxes for rich corporations? Untouchable.

        Unemployment- Nevermind that we voted against the Jobs Act. Obama caused all this unemployment. Oh, there are incremental increases? That's not because of Obama but because the market was going to rebound anyway.

        Foreign policy- Osama Bin Ladin killed? Well yah, its because of our leadership under the previous president that led to these results. Nevermind that Bush had his chance but let Osama escape.

        Healthcare- We want to lower healthcare costs. No... no... forget Obama's solution even though it was similar to Romney's. It would work for that one state but not for all. Wait, you want to know how we would solve that crisis? Um... I'll get back to you.

        For the love of God, I really hope that people wake up and vote pragmatic Republicans in. Are there any left out there?

        May 15, 2012 at 2:02 pm |
  17. Corny Holer

    Gays for Romney!

    May 15, 2012 at 9:11 am |
  18. DM

    If you watch Obama carefully, you will see clearly what he is doing. He is a crafty politician that appears one way, but is something else in reality.

    May 15, 2012 at 9:39 am |
  19. jerry

    Here he is on the View all smiles...swooning these moronic women while the economy here in the US continues to slide and the middle east moving toward war...all on his watch. This guy is sick. We real Americans want a President with an American brain...one of us. Not this phony.

    May 15, 2012 at 10:05 am |
    • John

      It must be because the View is hiring... He is creating or saving jobs here...

      May 15, 2012 at 10:20 am |
  20. lies and hate from the right

    Look all that needs to be done for this country to thrive again is to bring back its manufacturing base plain and simple. Quit giving tax breaks to companies who ship manufacturing out of the US quit the money bets on phantom money in the market. Industrialist built this country capitalists are tearing it apart

    May 15, 2012 at 10:12 am |
    • Lizzie

      Have you not heard Facebook Mark Zuckerman is moving to Singapore and taking his money with him.

      May 15, 2012 at 10:24 am |
    • John

      OK, Obama hasn't done this in 3.5 years, plain and simple. What makes you think he will do it in the next 6 months?
      It seems to me capitalism helped build and maintain America. If you do not want it, what do you want? The class warfare has gotten to you. If you keep following blindly you will lose the America we know.
      Solindra loses Billions of OUR MONEY and this administration thinks it is ok. A private company loses less than 1% of their bottom line and this president thinks it is a major problem. How screwed up are they?
      I lost a bunch of money in my 401K, like I am sure many people have. Those are the risks, I accept it. The governmnet tries to pick a winner and loses billions, including my money that I NEVER APPROVED FOR THIS ADMINISTRATION's BOONDOGGLES, and I find it unacceptable. The line between private funds and governmnent money has been blured during this administration because they are pushing us to something other than America, the land of the free (and I don't mean entitlements).

      May 15, 2012 at 10:29 am |
    • travis

      good luck getting the right wing to go for anything!..if it wasn't for them STOPPING OUR GOVERNMENT with filibusterers we'd be getting back on track!
      Obama 2012!

      May 15, 2012 at 10:37 pm |
  21. MIke

    But Obama is a liar ...

    Remember when Obama said he would take no private donations??? He Lied
    Remember when Obama said he would take no PAC money???? He Lied
    Remember when Obama said that Obamacare would not force birth control mandates on those of faith???? He Lied..
    Remember when Obama said he would cut the budget in half in his first term??? Damn, he lied again…. The really bad joke on America…

    This year’s deficit alone is projected to be $1.65 trillion. That amounts to $7,500 for each American adult over the age of 25. While the president tells the American people that this budget “asks Washington to live within its means,” the facts show the opposite The president’s budget adds $13 trillion to our gross national debt, doubling it by the end of the decade.
    What’s new??? Nothing, Obama lies again…..

    May 15, 2012 at 10:26 am |
    • John

      Mike, this is not a problem for those living off of the governmnet. Sorry, go to work and help pay for the 50% who want your money...

      May 15, 2012 at 10:31 am |
      • Kool-Aid Police

        Exactly! Obama's goal has always been to increase dependency on the Govt which he hopes translates into more votes. He can't win on merit alone, he needs bribes.

        May 15, 2012 at 1:44 pm |
      • John

        Maybe bribes, but they ALL do it. That is why we need to stick together and watch these people in Washington and not act like blind followers of either party.

        May 15, 2012 at 2:18 pm |
  22. Politix

    Who is the President to say what laws are to be enforced and which ones are not? When did the President become a monarch? there are three branches of the government and one of them cannot control the other.

    May 15, 2012 at 11:55 am |
  23. Find a Manhattan Condo Today

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  24. Christopher

    If Clinton is the nominee, I think you'll be right Bookslinger. She has so much baaggge that can be brought out. McCain/Obama would probably be a little more civil. Re #24: I was supporting Richardson early in the campaign and I was sorry that he never found his voice. I think hee2€™d make a good Secretary of State, but it doesne2€™t look like hee2€™s campaigning to be VP. Did you see him with that beard on Super Tuesday? He looked like someone retired from politics. I did see that, hopefully he's just taking a vacation?

    August 1, 2012 at 3:39 am |
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