February 06, 2009
First They Came For TARP Executives
To all those people who thought I might have been a little over the top in this post: Grand High Exalted Emperor Obama, and to those friends of mine who looked at me askance when I called The One's politics socialist I say, "READ THIS."
Here's a few excerpts to give a sense of where the country seems to be headed:
And if they are not going to stop at executives of companies getting bail-out money what makes you think they are going to stop at only the highest paid executives?
They want to make everyone closer to equal. They can't do that by making everyone rich, because being rich requires hard word, dedication and intelligence. So they'll settle for making everyone poorer.
The only thing that remains to be seen is if the GOP has the fortitude to minimize the damage and the strength to replace The One in 2012. Because this mess is going to be even harder to clean up in 2016.
Here's a few excerpts to give a sense of where the country seems to be headed:
Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.
“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.
He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.
“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.
He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.
And if they are not going to stop at executives of companies getting bail-out money what makes you think they are going to stop at only the highest paid executives?
They want to make everyone closer to equal. They can't do that by making everyone rich, because being rich requires hard word, dedication and intelligence. So they'll settle for making everyone poorer.
The only thing that remains to be seen is if the GOP has the fortitude to minimize the damage and the strength to replace The One in 2012. Because this mess is going to be even harder to clean up in 2016.
Posted by: Stephen Macklin at 07:58 PM | Comments (3) | Add Comment
1
They're barking up the wrong tree as usual.
Here's a link you might find interesting on the subject: http://www.lewrockwell.com/woods/woods-meltdown.html
Posted by: Wayne at February 07, 2009 12:07 PM (IGF0m)
2
I happen to be CEO of my company and made it a policy not to pay myself any salary or bonus which was over the amount of taken in by the company. If other CEO's were so honest there wouldn't be a need for a bailout and a bunch of belt tightening would have taken place instead of fancy trips paid for out of stock holders money.
Posted by: T F Stern at February 07, 2009 06:44 PM (Ruh11)
3
If the legislation letting the government give money to these fools provides the legal mechanism for The One to dictate executive salaries - it does nothing to make the edict right. It merely points to how far wrong the bail-out was in the first place.
Posted by: Stephen Macklin at February 07, 2009 10:19 PM (R7LgM)
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