I ARE WUN
Posted on 01/30/2009 9:44:59 PM PST by MissouriConservative
Sen. Claire McCaskill — steaming mad and not going to take it anymore — on Friday called Wall Street executives “idiots” and proposed limits on some of their salaries.
Her proposal would force companies taking federal bailout money to limit compensation for any employee to what the president of the United States currently earns: $400,000 a year.
“Is that so unreasonable?” the Democrat from Missouri asked. “It’s eight times the median household income in the United States of America. … I don’t think that sounds like a bad deal.”
*****SNIP*****
“They don’t get it,” McCaskill said on the Senate floor. “These people are idiots.”
The compensation cap would cover salary, bonuses and stock options.
*****SNIP*****
McCaskill’s bill is called the Cap Executive Officer Pay Act. Asked if her legislation had a realistic shot at passing, McCaskill responded by saying times had changed.
A similar idea last fall would have died quickly. But not now, she maintained.
“We all are mad. Democrats are mad. Republicans are mad. Libertarians, conservatives and everything in between. The president is mad,” she said.
McCaskill’s proposal — and her strong language — triggered an enormous wave of telephone calls and messages to her office Friday, she said.
“People are calling from all over the country. It’s amazing how the switchboard has lit up,” she said.
(Excerpt) Read more at kansascity.com ...
Oh good grief! Has this woman gone mad? Maybe she should be telling Zero to curb the 100 buck a portion steaks that he’s been serving lately? Maybe she should be telling Zero that he spent too much on the Inauguration?
Nah, the rules don’t apply to dems anymore do they?
Businessmen are not allowed to give themselves raises and fly on private jets. Only our Congressional overlords have such rights.
Let’s tell Hollywood that their incomes are capped too.
Pinging the libertarians, shruggers, and Missourians!!
I knew there were two standards, dangit all.
If she's talking about Obama's pals, Raines, Jim Johnson and Geithner, I agree.
“Let’s tell Hollywood that their incomes are capped too.”
Why we can’t do that, they are not evil corporate villians who are out steal candy from babies and torture small animals.
So first they force bailout money on banks that don’t want it (so investors and customers can’t identify the most troubled ones), then they force such institutions to not be competitive with what other companies and non-US financial competitors can pay for talent? I submit Evidence A for how quickly government can ruin an industry that it nationalizes.
I never in my life understood why politicians think they can run industry. If they could, then they would be in the private sector and not be politicians.
It’s the old adage, those that can’t, lead those who can.
Maybe she should start with PBS execs. This one got over $700,000 in 2007. (PBS/CPB: “Historically, the Corporation for Public Broadcasting has received 15% to 20% of its annual operating revenue from Federal sources and 25% to 29% from State and local taxes.” - Wikipedia)
http://philanthropy.com/news/philanthropytoday/6228/pay-at-philadelphia-pbs-station-draws-criticism
Classy!
Although I don’t have a lot of sympathy for these execs. They went hat in hand and got the Feds involved. Now they see how colleges feel!
Perhaps this will provide incentive to PAY IT BACK!
But unless these strings were attached to the original legislation, I believe it’s unconstitutional to do what McCaskill suggests—ex post facto and all that.
Not that constitutionality ever mattered to a Dim.
“People are calling from all over the country. It’s amazing how the switchboard has lit up,” she said.“But unless these strings were attached to the original legislation, I believe it’s unconstitutional to do what McCaskill suggests—ex post facto and all that.
Not that constitutionality ever mattered to a Dim.”
The Constitution matters? Isn’t it written somewhere in super secret invisible ink that it doesn’t apply to dems?
Of course she loves it. This is just more class warfare. I wonder why the switchboards aren’t lighting up over 100 buck a portion steaks that Zero was serving a day or two ago?
I might join them in Dubai. It’s not a bad place!
Call out the people who are killing this country. They all work in DC.
“I might join them in Dubai. It’s not a bad place!”
They certainly know how to treat businesses. Might not be a bad place to take up shop.
Saul Alinsky:
RULE 12: Pick the target, freeze it, personalize it, and polarize it." Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)
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