President Barack Obama On Jay Leno’s Tonight Show: Live Facebook Commentary

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Arzan Sam Wadia Obama: Kkevin Looks good in a suit

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Arzan Sam Wadia at 11:59pm March 19

Obama: No Sir its 750 yards

Arzan Sam Wadia at 12:00am March 20

Obama: I welcome the challenge….I do think in Washington its a little like American Idol….except that everyone is Simon Cowell

Arzan Sam Wadia at 12:01am March 20

Obama: It took us a while to get into the mess and it will take a while to get out of it.

Arzan Sam Wadia at 12:01am March 20

Obama: Stunned is the word [bonuses]

Arzan Sam Wadia at 12:03am March 20

Obama: The whole house of cards started falling down. AIG owed so much to so many banks that letting it go down would bring the whole economy down.

Arzan Sam Wadia at 12:03am March 20

Obama: Who in their right mind would pay themselves bonuses when their company is going down.

Arzan Sam Wadia at 12:04am March 20

Obama: The only place that might work is in Hollywood [return half the bonus]

Arzan Sam Wadia at 12:05am March 20

Obama: we are going to do everything we can to get these bonuses back……We are going to put a mechanism to prevent companies holding people at ransom.

Arzan Sam Wadia at 12:06am March 20

Obama: Tax people 90%……I have a good answer.

Arzan Sam Wadia at 12:06am March 20

[And we break for commercials]

Arzan Sam Wadia at 12:09am March 20

Obama: Understand Congress’ frustrations. Best way to close the door before the horse bolts. Change I would like to see in tax system is to pay a little bit more if we make more money. Important this is we dont lurch from thing to thing but make steady progress.

Arzan Sam Wadia at 12:10am March 20

Leno": Merrill Lynch paid 3.5 billon…..shouldnt someone go to Jail.

Arzan Sam Wadia at 12:10am March 20

Obama: Most of what got us into trouble was legal.

Arzan Sam Wadia at 12:11am March 20

Obama: Charging 30% on credit card is legal. We need to change those laws that allow these things.

Arzan Sam Wadia at 12:11am March 20

Obama: Common sense regulations. Promote innovation in financial markets. However enough regulatory common sense, so that tax payers are not taken advantage of.

Arzan Sam Wadia at 12:12am March 20

Obama: Mr. Potter is like Mother Teresa now.

Arzan Sam Wadia at 12:12am March 20

Obama: Last 15 years….so much money was made in finance….40 % of it….and all that growth was paper money….and it disappeared as easily.

Arzan Sam Wadia at 12:13am March 20

Obama: We want kids coming out of school to be engineers, doctors etc and not just finance gurus.

Arzan Sam Wadia at 12:14am March 20

Obama: Geitner has been handed a really big plateful…economy, auto industry etc…..but he is taking the right steps.

Arzan Sam Wadia at 12:14am March 20

Obama: I am the President. Ultimately all this stuff is my responsibility.

Arzan Sam Wadia at 12:15am March 20

Obama: Pattern to break in Washington….where everyone is looking for someone else to pass blame.

Arzan Sam Wadia at 12:16am March 20

Obama: Banks are keeping bailout money in the bank !! We are doing a diagnostic test on each bank, what are their capital levels, can they sustain lending….then we are going to say….you are good….go out on your own and start lending.

Arzan Sam Wadia at 12:17am March 20

Obama: Small business loans, student loans, outside loans, outside of the banking loan systems.

Arzan Sam Wadia at 12:17am March 20

[And we go into another commercial break]

Arzan Sam Wadia at 12:18am March 20

The president looks completely at home. And I think he is doing a fantastic job of answering on the fly. His genuineness and candid nature are such a relief from the past 8 years. He definitely looks like someone is in charge.

Arzan Sam Wadia at 12:19am March 20

[Too many ads….is it because the Prez is on the show ? ]

Arzan Sam Wadia at 12:21am March 20

[A teaser for the new Leno show mid-year just aired….very nicely done…took a couple of seconds to get it….that reminds me….i gotta get to LA to get on to his show before he goes off air.]

Arzan Sam Wadia at 12:22am March 20

Leno: What should people do with their money.

Arzan Sam Wadia at 12:22am March 20

Obama: Full confidence in the banks. If you are working….think of people who need help and do what you can.

Arzan Sam Wadia at 12:23am March 20

Obama: What people should NOT do is forget the confidence and hard work that has built America.

Arzan Sam Wadia at 12:24am March 20

Obama: Invest billions of dollars in hybrid cars and other technologies. Catch up on technology.

Arzan Sam Wadia at 12:24am March 20

Leno: How col is it to fly in Air Force One

Arzan Sam Wadia at 12:25am March 20

Obama: Its really cool. Malia and Sasha are not as impressed.

Arzan Sam Wadia at 12:25am March 20

Obama: They have got another level of cool.

Arzan Sam Wadia at 12:25am March 20

Obama: I bowled a 129…..its like some special Olympics.

Arzan Sam Wadia at 12:26am March 20

Obama: I am going to put a basketball court in the White House.

Arzan Sam Wadia at 12:26am March 20

Leno: Do they throw the game when they want to play ball with you.

Arzan Sam Wadia at 12:27am March 20

Obama: With the secret service around, I dont get the hard fouls.

Arzan Sam Wadia at 12:27am March 20

Obama: Final One….North Carolina Tarheels.

Arzan Sam Wadia at 12:28am March 20

Obama: The fact that the teams from swing states do well is just a coincidence :):):)

Arzan Sam Wadia at 12:28am March 20

Obama: [When is the dog coming]. This is Washington. That was a campaign promise.
Dog will be in place after the NATO summit.

Arzan Sam Wadia at 12:28am March 20

Leno: What is the dog….Portugese Waterhead ?

Arzan Sam Wadia at 12:29am March 20

Obama: If you want a friend in Washington…get a dog.

Arzan Sam Wadia at 12:29am March 20

And that brings the interview to an end. Leno calls this one of the best nights of his life. That has to mean something.

Arzan Sam Wadia at 12:30am March 20

Obama and Leno shake hands and walk away from the stage.

Arzan Sam Wadia at 12:31am March 20

Here is CNN’s commentary http://www.cnn.com/2009/POLITICS/03/19/obama.leno/index.html

Arzan Sam Wadia at 12:32am March 20

And here is some dissent http://ac360.blogs.cnn.com/2009/03/19/as-funny-as-the-times-allow/

Arzan Sam Wadia at 12:33am March 20

That ends this episode of Live Facebooking.

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