In a two-day visit to Southern California designed to bolster popular support for his budget and economic recovery plan, President Barack Obama held two town-hall-style meetings, visited a facility dedicated to electric vehicle research and development and matched wits with Jay Leno on his late-night TV show.
Obama bantered casually with Leno during a taping of the “Tonight Show,” expressing occasional frustration with life inside the presidential bubble, laying out his position on the bonuses paid to AIG employees, and giving his pick for the NCAA basketball tournament.
The president said he was “stunned” when he was fist informed about the recent bonuses paid to employees of American International Group Inc. after the troubled insurer had to be rescued with taxpayer funds. “We’re going to do everything we can to see if we can get the bonuses back,” he said. “The most important thing is to put in . . . financial regulatory mechanisms to prevent companies like AIG holding the rest of us hostage.”
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