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(AP) - President Barack Obama told Jay Leno on
Thurday that he was stunned when he learned of the bonuses that bailed-out insurance giant AIG was paying its employees.

      Obama told "The Tonight Show" host the payments raise moral
and ethical problems - and vowed again to try to recoup the cash
for taxpayers.


      "We're going to do everything we can to get these bonuses
back", he declared.


      Leno asked Obama what he thought when his staff first advised
him of the payments, many made to traders in the very division that
brought American International Group to ruin.


      "'Stunned' is the word," Obama replied in a taped appearance
on "Tonight." He said he found it hard to fathom how anyone would
accept lavish payments in those circumstances. "People just had
this sense of entitlement. We must be the best and the brightest."


      But Obama staunchly defended Treasury Secretary Timothy
Geithner, who's increasingly come under fire for failing to block
the bonuses.


      "I think Geithner is doing an outstanding job," Obama said.
"He is a smart guy. He is a calm and steady guy. I don't think
people fully appreciate the plate that was handed him."


      Obama added Geithner's carrying on "with grace and good humor.
He understand that he's on the hot seat."


      Too many in Washington are trying to figure out who to blame for
things - when they should be focused on fixing them, Obama said.


      According to NBC, Obama was the first sitting president ever to
appear on "The Tonight Show." He'd already appeared twice as a
candidate.


      Obama spoke with little interference or challenge from Leno, who
clearly was enthused about snaring the president as a guest and
pronounced it "one of the best nights of my life."


      Leno veered away from politics and into the personal toward the
end of the 35-minute interview, asking, "How cool is it to fly on
Air Force One?" and when Obama daughters Sasha and Malia would get
their pet dog.


      "This is Washington. That was a campaign promise," Obama
replied to audience laughter. "No, I'm teasing. The dog will be
there shortly."


      The new pet will be in place after he returns from a NATO
meeting, Obama said.


      The White House bowling alley remains in place, Obama said,
bragging that he rolled a 129-point game ("Like the Special
Olympics or something," he said), but a basketball court is a
priority.


      In his opening monologue, Leno said lots of people were
surprised Obama would come on NBC -- figuring he'd be tired of big
companies on the brink of disaster with a bunch of overpaid
executives.


      Leno also joked about the dismal state of the economy, saying
it's so bad Obama flew to California on Southwest Airways - making
nine stops.


      In recent years, a "Tonight Show" appearance has become a key
humanizing touch for aspiring presidents. But its history of such
appearances goes back to 1960, when then-Sen. John F. Kennedy came
on the show to chat with Jack Paar.


      Obama himself has already made two non-presidential appearances
- on Dec. 1, 2006, and Oct. 17, 2007.


      The White House scheduled the appearance as part of a broader
outreach to promote Obama's agenda - one that's already had him on
ESPN's "SportsCenter" this week and includes a "60 Minutes"
interview airing Sunday, plus a prime-time news conference Tuesday.


      But on ESPN, the talk was mostly about basketball. The First Fan
filled out an NCAA tournament bracket - picking North Carolina to
defeat Louisville in the final. 


But recalling he picked the Tar
Heels last year, he joked, "This year, don't embarrass me in front
of the nation, all right? I'm counting on you."
      

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President Barack Obama told Jay Leno on "The Tonight Show" Thurday that he was stunned when he learned of the bonuses that bailed-out insurance giant AIG was paying its employees.

Obama tells Leno he was stunned by AIG bonuses

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