Below is a transcript of President Obama's interview on Tuesday's Tonight Show With Jay Leno as provided by NBC.
THE TONIGHT SHOW WITH JAY LENO
JAY LENO: It's an honor and a privilege to welcome my first
guest back to the show. Welcome the 44th President of the
United States, President Barack Obama.
(Applause.)
Welcome back.
THE PRESIDENT: Thank you. Thank you. It is good to be back.
READ FULL SCRIPT (Though not as funny as the stuff Obama says when he's not trying to be funny.)
Tuesday, October 25, 2011
L.A. City Pension Commission Votes To REDUCE Projections From 8% to 7.5% (Mayor Is Relieved Will Be Over Five Year Period - Only $4.3 for NEXT Year!)
UPDATE to last night's LA TIMES article on: L.A. Mayor Villaraiogsa Becomes DESPERATE Under Possible Pension Crisis/Further Layoffs! LA Times Article, "Questions raised on how far Mayor Villar should go in "forceful swaying" of pension board, which State law prevents." MORE PROBLEMS FOR VILLARAIGOSA (LEGAL ONES?):
10/25/11 4PM: Looks like it worked, for the most part. NO WAY could the pension commissioners go against the mayor's "Layoff-Armageddon" cries, if they reduced the L.A. City Pension fund expectations down from 8% to 7.5%. (Not like it matters anyway...in '09 they projected 8% return, but resulted in a -20% loss. (Only 28% off!) SO WHO REALLY CARES ABOUT THE PROJECTIONS, ANYWAY!) But you SURE DON'T WANNA BE THE ONE WHO CAUSES IT ALL...just in case. SO BOTTOM LINE: They voted to reduce the LACERS (pension fund) projections down to 7.5%, but over a five year period, instead of all, next year. The difference between $200 million, next year...and now, only $4.3 million...but it's SO BAD, it doesn't even matter. And if you live in L.A. City...make sure you aren't anywhere in the County by 2013! [MEANWHILE, what caused this whole pension mess...including the -20% loss (BILLIONS THAT ARE NOW BEING PAID OVER THE GENERAL FUND)? PENSION FRAUD! And ZD's blog posts on the topic are ON FIRE, considering they are YEARS OLD? WONDER WHO IS SUDDENLY READING??? (Subliminal man, #SEC!)
10/25/11 4PM: Looks like it worked, for the most part. NO WAY could the pension commissioners go against the mayor's "Layoff-Armageddon" cries, if they reduced the L.A. City Pension fund expectations down from 8% to 7.5%. (Not like it matters anyway...in '09 they projected 8% return, but resulted in a -20% loss. (Only 28% off!) SO WHO REALLY CARES ABOUT THE PROJECTIONS, ANYWAY!) But you SURE DON'T WANNA BE THE ONE WHO CAUSES IT ALL...just in case. SO BOTTOM LINE: They voted to reduce the LACERS (pension fund) projections down to 7.5%, but over a five year period, instead of all, next year. The difference between $200 million, next year...and now, only $4.3 million...but it's SO BAD, it doesn't even matter. And if you live in L.A. City...make sure you aren't anywhere in the County by 2013! [MEANWHILE, what caused this whole pension mess...including the -20% loss (BILLIONS THAT ARE NOW BEING PAID OVER THE GENERAL FUND)? PENSION FRAUD! And ZD's blog posts on the topic are ON FIRE, considering they are YEARS OLD? WONDER WHO IS SUDDENLY READING??? (Subliminal man, #SEC!)
iRadioLIVE.com: "Show Prep News Wire" for U.S.A. (News/Talk/Politics) 10/25/11 - 1PM UPDATE
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KitcoNewsNow Kitco News
TD Securities: Gold Rises As Long-Dated U.S. Treasury Yields Fall bit.ly/runpnS
WSJ Wall Street Journal
Closing bell: the Dow fell 207 points, or 1.7%, as hopes for a big solution to Europe's debt crisis waned on.wsj.com/uPAtsk
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iRadioLIVE.com: "Show Prep News Wire" UPDATE: ONLY at @iRadioLIVEnow. All the news tweets worthy of RT, without the ones that aren't!
foxheadlines Fox News
SCITECH: Stocks Plunge as More Than 800,000 Netflix Customers Flee fxn.ws/rHINhZ
rushlimbaugh Rush Limbaugh
Rush's Stack of Stuff: Do Your Show Prep: Everything Rush reads to prepare for the show. Some of the topics we'... bit.ly/v3KrDH
TeamRickPerry Team Rick Perry
Read @GovernorPerry's full plan and download a sample tax return post card: bit.ly/s8KRUL
newtgingrich Newt Gingrich
.@GovernorPerry If u r going to bump plans w/ my friend Herman, then you can bump plans w/ me. Let's compare flat taxes bitly.com/rMiSA0
HuffPostPol HuffPost Politics
Nothing we write here can describe Herman Cain's new campaign video. Just watch it. huff.to/tO2iwN
SteveForbesCEO Steve Forbes
foxheadlines Fox News
ENTERTAINMENT: Judge Blocks Testimony About Michael Jackson Concert Contract fxn.ws/sDMkI2
lacityworkers la cityworkers
Curious to see if @LAFD and @LAPPL are as concerned as we are with @villaraigosa meddling with the pension boards. #LosAngeles
HarveyMackay Harvey Mackay
Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it. #mackaymba #success
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RT @CNBCtopStories: Netflix Is NOT a Sell: cnbc.com/id/45023756 [OOPS! Too late. Tell that to masses who "sold." Can't fight perception.
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77WABCradio 77 WABC Radio
Today's history lesson is on the evolution of 77 WABC, courtesy of The 17th Floor blog at WABCRadio.com/TheFloor. - wabcradio.com/article.asp?id…
rushlimbaugh Rush Limbaugh
Rick Perry's Tax Plan is Great: RUSH: Rick Perry announced his tax plan today, which I'll go on record as sayin... bit.ly/unFOj4
barack_election Barack Obama 2012
Obama loses magic for young voters - Financial Times on.ft.com/s0VzMj
SovernNation Doug Sovern
Hundreds of protesters already occupying 3 corners of 3rd&Howard, 2 hours before Obama gets here. Dozens of riot cops, SFPD mobile command.
rushlimbaugh Rush Limbaugh
Democrats and the Middle Class: RUSH: Middle class upward mobility is what set this country apart from every oth... bit.ly/uAv9VJ
HuffingtonPost Huffington Post
English learners fall behind under English-only methods huff.to/vvz4eD
KitcoGoldQuotes Kitco Gold Quotes
kitco.com/market 15:00 EDT Gold: 1708.90 / 1709.90 Silver: 33.36 / 33.46
TeamRickPerry Team Rick Perry
The end of earmarks and bailouts...no, you're not in a dream: rickperry.org #rickperry
ladailynews L.A. Daily News
GOP presidential hopeful Rick Perry wants flat tax with some popular deductions shout.lt/azNf
HuffPostPol HuffPost Politics
Newt Gingrich compares himself to Bruce Willis' character in "The Sixth Sense." Spoiler alert? huff.to/sr6NJi
Drudge_Report Drudge Report
OBUMMER: 'This election will not be as sexy as the first'... drudge.tw/uKXke9
ByronYork Byron York
Gallup: Herman Cain 'now recognized by 78% of Republicans nationwide, a gain of 28 points since September and 57 points since March.'
ByronYork Byron York
Gallup: Cain's favorable rating 8 points higher than Romney, 14 points higher than Perry. ow.ly/78G3z
markknoller Mark Knoller
Pres. Obama's motorcade gets stuck in traffic on the way to Tonight Show taping in Burbank. twitpic.com/75pobd
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L.A. CITY HALL DEPTS UNDER FBI PROBE: Housing, Building & Safety, Transportation, Pensions & INDIVIDUAL COUNCILMEMBERS. What else is there?
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TOP L.A. CITY NEWS: So much FBI heat at #Villaraiogosa's City Hall, @TonyRobbins was called in, to teach "fire walk," so staff can enter.
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10/24/11 11P: "Show Prep" news tweets updated NOW @iRadioLIVEnow. Everything you need to know, without the stuff you don't need to know.
barack_election Barack Obama 2012
Obama Addresses Hollywood: Reelection Won't Be as Sexy as His First Campaign - Hollywood Reporter bit.ly/vuh5r6
politico POLITICO
Herman Cain says Karl Rove is making "a deliberate attempt to damage me": politi.co/sqdUCd
politico POLITICO
Leading POLITICO -- After Romney embraces hands-off approach, Obama sees opening on mortgage crisis: politi.co/rL4gXt
ariannahuff Arianna Huffington
Barbara Ehrenreich: "Why Homelessness Is Becoming an Occupy Wall Street Issue" huff.to/vFgSi7
barack_election Barack Obama 2012
Obama defies base, hires Wall Street lobbyist for re-election campaign - Daily Caller thedc.com/tEnuwG
latimes Los Angeles Times
Doctor describes a fearful Jackson, desperate for sleep lat.ms/uhgfB5 RT @latimesmost
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iRadioLIVE.com: "Show Prep" for 10/25/11 (UPDATED 10PM PCT) goo.gl/1UeJp
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