I'm immensely embarrassed this twit represents me.
Posted on 01/30/2009 9:44:59 PM PST by MissouriConservative
I'm immensely embarrassed this twit represents me.
especially Kennedy, Dodd and Reid.
I am as well. Bond is not running again so who knows what kind of twit we will get to join her. I am so ashamed of my state right now.
Didn’t the Congress just vote itself a pay raise?
The full frontal assault on capitalism is on. She hasn’t a clue what these corporate leaders go through to get where they are. I can guarantee it isn’t through pity.
Let's tell the unions. //sarc
yeah...I’m mad too.
I don’t care who these businessmen are, how much they received, or whether or not they are nice guys, or whether or not they are idiots.
Anything they will do with those bonuses is going to stimulate the economy much more efficiently than the crap sandwich being cooked up in D.C.
I say, let these guys make obscene amounts of money and watch what they do with it.
This coming from a woman who couldn’t successfully manage a hot dog stand.
(No offense to the hundreds of hot dog stand owners in the Greater Chicagoland Area, who would drown me in a vat of feta cheese for comparing them to Claire McCaskill.)
How’s donating to democrats sitting with all these execs now?
You know.... I had the same exact thought this afternoon.
Don’t forget the athletes, too. Though, they and Hollywood wouldn’t make so much money if people stopped going to their movies and games.
I despise Hollywood.
"I might join them in Dubai. It’s not a bad place!" Judging by their residential development over the past ten years, they certainly aren't overly concerned with global warming.
“How’s donating to democrats sitting with all these execs now?”
Can mean one of two things.
1. Going to start giving to those who believe in capitalism or
2. Give more to the dems because of this “shakedown” tactic.
She’s right.
Her husband’s the one who runs the business...and from what I hear, not very well.
“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.”
What corporate officers and directors earn is one thing and if government is financing the company, they are gonna get involved in this. That said, a lot of total compensation on wall street is in the form of bonuses - if you don’t compensate your traders and staff, they will simply leave. Bonuses in these cases are more directly tied to individual or division performance.
If a given trading department (fixed-income, say) or a trader who was very profitable for the year was NOT given something resembling a customary bonus, it would be very very stupid on the part of the company, and no competent trader would work for them again.
You cannot cap a successful trader at 400k at a firm like this - it is contrary to the motivation for traders which is in the direct interest of the company itself.
It will be interesting to see where this goes, since almost the entire street (major firms) has taken money from the treasury now.
That looks Asgardian in design (meaning the little gray aliens, not the Vikings).
Union workers are not allowed to ask for more money and Engineers and IT workers are not allowed to have some kind of job security from H1-B Visa exports that depress their wages. Only businessmen have entitlements...
“It will be interesting to see where this goes, since almost the entire street (major firms) has taken money from the treasury now.”
I have a feeling that it will end up in the courts. If this language was in the original bailout language, sure, if not, then you can’t change the rules after the game has started.
It will be interesting indeed.
Hollywood hasn’t recieved billions in taxpayer bailout money have they?
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