(Vanity) Obama's Sovereign Socialist Remedy for Swollen Executives, or, Preparation H

grey_whiskers ^ | 2-5-2009 | grey_whiskers

[grey_whiskers]

Cheers!

[Tempest]

Good Post, I would just like to add that I think that the banks could save further money if they replace their talentless executives with more competative H1-B visa holding workers.

[PzLdr]

From each, according to their ability. To each, according to Obozo’s whim.

[grey_whiskers]

If one really took that Marxist adage at face value, many Supermodels would never get a good night's sleep until they turned 50...

Cheers!

[Dapper 26]

If businesses take government money, they are more subject to government sanctions - let the dog in the house so expect flees. I would like to see the income limiting policy apply to Congressmen and recent ex-Congressmen or appointees. Leon Panetta made $700,000 in 2008 alone in speaking engagements? Ridiculous!

[bruinbirdman]

"One way to allow the CEOs to make money again, would be for the company to pay the government back. Yes, actually making good on one's commitments. What a novel concept! "

Cramer, Mad Money, suggested that Goldman Sachs hinted of doing exactly this. It would have to pull some deals to raise the bucks. Then he suddenly shut up. Didn't want to go further. I suppose there would have been some dilution involved.

Anyone hear about this?

yitbos

[VeniVidiVici]

We will have the best possible contrast and comparison of socialism and the free market -- much as Rush Limbaugh's proposed re-working of the stimulus package. John Galt will have come out to play!

Wunderbar!

Dream on. The govt. will want to "level the playing field" so their charges will not do poorly in the public's eye. So look for either increased taxes upon the non-bailees or reduced taxes on the bailed-out banks.

Good try though. Too bad you assume the govt will be hands-off from this point on.

[DesertRhino]

They should follow the rules and go through bankruptcy. If they want tax dollars, they dont get exhorbitant salaries. Those are only for the private sector, not for government employees, which they now are.

The banks still want it both ways. Private profits and any pay and perks they dream up. All the losses and risks go Public.

Ill care about this when Obama tries to dictate salaries for executives that are not on the taxpayers dime.

[volunbeer]

Nice post. I heard Obama saying we should not reward poor performance by executives.

It begs the question - why don’t we apply the same standard to government executives?

Our government debt makes corporate losses look trivial so using his standard what should a congressman make?

[nathanbedford]

Good work this.

[grey_whiskers]

Dream on. The govt. will want to "level the playing field" so their charges will not do poorly in the public's eye. So look for either increased taxes upon the non-bailees or reduced taxes on the bailed-out banks.

Great minds think alike--that's what the rest of my piece said, too.

Cheers!

[waxer1]

“..there are *other* companies as well. Companies who haven’t taken a dime of government assistance”

Oh, that is coming! These other companies will get thiers too and the way things are moving it will be soon.

Everything being done here is to centralize the govt. We are being subjagated and beaten down to submission. I don’t care if these companies got bailout money, this wrong period!!

My God, all that is left to do is hang on tight and hope for the best.

[arkadyka]

Great post! I like your style, very much :)
You should blog methinks.

[grey_whiskers]

Gee, thanks.

Once I've hit the Powerball and can afford to, I will.

Cheers!

[grey_whiskers]

Yr. most humble servant,
g_w

[grey_whiskers]

Our government debt makes corporate losses look trivial so using his standard what should a congressman make?

They should make tracks for HOME. (FReeper metmom has as her tagline "Welfare was never meant to be a career choice." The same goes DOUBLE for politics -- the rise of the class of political clowns and hacks was not foreseen by the Founding Fathers, so they did not put up checks and balances against it.)

My new name for Obama is "President Barack Hussein Pinata"^TM and the name for this new bill is "Pork and Awe"^TM.

I had thought of writing that the new stimulus bill is Trickle-Down recovery, last week and I see today that Karl Rove wrote much the same thing in the Wall Street Journal.

Ah well, at least I'm not getting pressured to anwer Capitol Hill subpoenas, right?

Cheers!

[volunbeer]

“Pork and Awe” for the stimulus bill?

Good stuff! Agree all the way around and cheers. Hopefully that sticks somewhere.

[american colleen]

You might be my new hero! ;-)

Seriously, a wonderful piece of logic AND writing. Thanks very much for taking the time to write it.

[grey_whiskers]

You are too kind! (Blushes).

Since you seem to be concerned with outsourcing, private FReepmail coming.

Cheers!

[american colleen]

Thanks! I see it as all of a piece - outsourcing, insourcing (H1-B, etc), companies buying companies in order to expand and wipe out competition, CEO salaries out of line with performance (BODs stacked with other CEOs), dream-like but not reality tripe like 'The World is Flat' taken as a Bible, good for me but not for thee leadership - Lord, I could go on and on!