It has been just 60 days since Mr.Barack Obama took charge as the new President and the nation seems already displeased with him. I don’t know if we are being restless by expecting a man to pull the country out of a financial crisis caused by years of financial mismanagement. Or did we get carried away by those ‘yes we can’, rhetoric and expected too much out of him.

The new president already seems to be dipping in popularity charts and NY Times even had a page 1 story on Mr.Obama’s increased grey hair in just 44 days of taking over as President.

Coming to the point, Mr.Obama’s Tuesday night press conference did not appear to cut much ice with the media and people waiting for a ‘change’. The NYT describes his address as “sounding like the teacher speaking in the stillness of a classroom where students are restlessly waiting for the ring of the bell.�

The outrage over the huge bonuses that AIG officials paid themselves was a moot point in the press conference. AIG is 80% owned by the government and received billions of dollars in federal bailout money, even as the executives paid themselves huge bonuses. When asked why he did not go public with his outrage on learning about the retention bonuses at AIG, the president has responded, “I like to know what I’m talking about, before I speak�.

Large business corporations made windfall gains when the economy was on a boom all these years and shared the bounty among themselves. Now when the economy is on a tailspin, they rush to the government with bailout pleas (sometimes in plush private jets).

Blogger Hazzard calls to scrap bailouts and let things fail, because “there are hundreds and hundreds of financial institutions out there that made good business decisions. It’s time that they got to reap the rewards of managing their business in a responsible way�. Now, isn’t that what free market economy is all about?