OUT OF TOUCH Republicans oppose ceo pay limits..

Talk about transparency?..I think they just shot themselves in the foot with this one with this one

http://www.huffingtonpost.com/2009/02/06/gop-opposes-pay-limits-on_n_164544.html

They are only in Washington for the corporations and their fat CEO's and will oppose anything that rocks the boat on their fat little lifestyle.

The GOP vocally defending the excesses of Wall Street CEO's--on the public dime--is music to Democratic ears.

My favorite part of the article

It's not a novel concept, and it's one the GOP supports -- when applied to welfare recipients, at least. "We demand that welfare recipients do an honest day's work for their checks. And now, since President Obama laid down the law Wednesday, we demand that the guys who ran our banking system into the ground abide by our pay scales in return for our bailing them out," writes Harold Meyerson in a column Friday.


They don't have a problem demanding welfare recipients complete drug testing and meet other requirements...why not put restrictions on these assholes?

as we speak.

The auto workers were asked to take less in pay. CEO's not so much.

There has never been such blatant proof that the Republicans want to destroy the middle class.

These are the same pukes who LOSE THEIR MINDS at the very thought that someone who is poor, possibly disabled dare have the smallest "luxury" such as basic cable TV on the public's dime, but they openly support paying lavish bonuses to non-performing execs with public funds? It boggles the mind, it really does......:grr:

republicons are All About tax cuts for the rich, and fat salaries for fatcats.

Why do republicons hate ordinary American citizens?

was making him a believer when he restricted the CEO's pay.

be getting.

http://blog.usw.org/tag/sen-bob-corker/

To hear the howling on hate radio, it was as if no one were going to be permitted to earn over 500k a year. It's socialism for sure :sarcasm:. Of course they fail to mention this applies to corporations taking government funding to bail out their heavily indebted asses, but when have facts ever stopped a good GOOP talking point.

The robber barons had their bubbles burst a century ago by Teddy Roosevelt, looks like its happening again. Hey, if a big roller wants to make the big bucks...have them write a tell all about how they scammed billions from their invetors. I'm sure that will be a biiiiig seller. :rofl:

Please log in and give him some props.It takes major balls to write this kind of thing in my area.
http://www.thedailylight.com/articles/2009/02/06/opinion/doc498b636aebbfa649010745.txt
President Barack Obama announced Wednesday he was imposing a $500,000 cap on senior executive pay for distressed financial institutions receiving federal bailout money.

In a news story released by the Associated Press, President Obama stressed the caps were in response to the public outrage over top executives receiving huge bonuses after seeking taxpayer help to stay in business.

“This is America,” the President said during the announcement at the White House. “We don’t disparage wealth. We don’t begrudge anybody for achieving success. But what gets people upset — and rightfully so — are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers.”

Amen!

We not only agree, we wonder why such measures were not enacted to begin with, as the caps apply to institutions that negotiate agreements with the Treasury Department for “exceptional assistance” in the future, and do not apply firms that have already received help. While we are no fan of the ever-growing bailout initiative (especially the pet pork projects being heaped on the pile), we strongly believe any government assistance should come with limits. We will, at some point in the very near future, have to pay for this massive stimulus plan and we have yet to hear anyone talk about how and when Washington expects the taxpayers to pull that off.

While the executive pay cap for institutions seeking federal bailout help make perfect sense to us, it is not without critics who claim federal intrusion into the internal decisions of financial institutions could discourage participation in the rescue plan and slow down the financial sector’s recovery.

Are you kidding?

A half-million dollars a year to do a lousy job isn’t enough? We are talking about the executives of the corporations that are on the brink of ruin and begging us (the taxpayers) to bail them out of mess they created? Agreeing with the President, we don’t begrudge anyone being rewarded for success. Failure, however, especially at the taxpayers’ expense, is another matter.

If the executives can’t do the job on $500,000 a year salary with the government footing the bill, there is a long line of unemployed Americans waiting in the wings to apply for the position.