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Obama to Announce New Executive-Pay Caps
Wall Street Journal ^ | Tuesday, February 3, 2009 | wsj

Posted on 02/03/2009 7:18:14 PM PST by sloop

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To: Salvation

Not sure what your point is ~ salaries for Pres, VP, cabinet members, Senators and Representatives are set by law. That is, they are already “capped”.


21 posted on 02/03/2009 7:27:16 PM PST by muawiyah
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To: SERKIT
How about this, Barry. Work for nothing for your first year. See how ya like it.

I doubt that he would notice.

22 posted on 02/03/2009 7:28:06 PM PST by listenhillary (Rahm Emmanuel slip - A crisis is a terrible thing to waste.)
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To: AppyPappy

let’s just confiscate all net worth over $100K and get it over with.


23 posted on 02/03/2009 7:28:58 PM PST by Pantera
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To: demkicker
Climb onto your sled folks, we’re headed down that slippery slope.......

We're already well down the slope....

The government has been limiting pay in the health care sector for YEARS.

24 posted on 02/03/2009 7:29:07 PM PST by Ethrane ("semper consolar")
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To: Smokeyblue
Easiest thing to do would be to impose the GS pay schedule on any private country where the US government owns at least 25% ~

Given current employment problems in the banking and investment industries, the executives aren't going anywhere.

25 posted on 02/03/2009 7:29:36 PM PST by muawiyah
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To: Boiling Pots

Yes, that is a black mark on his Presidency.


26 posted on 02/03/2009 7:29:53 PM PST by bvw
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To: Smokeyblue
Socialism just a pit stop on the way to Communism.

Socialism is just communism sold by the drink - to paraphrase P. J. O'Rourke.

27 posted on 02/03/2009 7:29:57 PM PST by meyer (We are all John Galt)
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To: demkicker

Can I just say that I am a buyer when the Dow hits 1000?


28 posted on 02/03/2009 7:30:08 PM PST by rotstan (www.weirdnylon.com)
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To: sloop

http://online.wsj.com/article/SB123371587783546553.html


29 posted on 02/03/2009 7:30:42 PM PST by GOP_Lady
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To: muawiyah

Lets cap the cap.


30 posted on 02/03/2009 7:31:14 PM PST by mamelukesabre (Give me Liberty or give me something to aim at)
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To: Pantera
There are, alas, no "greener pastures" at the moment. Besides, there's a vast surplus of "executive talent" in the ranks of the banking community.

Competition always lowers the price. Time to lower their "price".

31 posted on 02/03/2009 7:31:27 PM PST by muawiyah
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To: Smokeyblue

You hit the nail on the head on ironies. Look at the three US centers of finance, New York City (finance and trade), Chicago (commodites) and San Francisco (Pacific trade and finance). All three cities are located in blue states, represented by Dem Senators. Wall Street gave more money to the Dems than GOP hoping to curry favor. Lenin would be proud, “capitalist will sell the rope that will be used to hang them”. LOL LOL LOL !!!!!!!!!


32 posted on 02/03/2009 7:32:35 PM PST by Fee (Peace, prosperity, jobs and common sense)
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To: sloop
Obama, Pelosi, Reid, the Axis of Fascism...
33 posted on 02/03/2009 7:33:52 PM PST by Kickass Conservative (Democracy, two wolves and one sheep deciding what's for dinner.)
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To: sloop
The killings the execs. made on stock options was a direct result of Congress limiting the deductibility of executive pay to $1 million.

Executives took less salaries, but reaped multiple times their salaries in stock options.

The concept of the govt. limiting salaries is idiotic. If they are concerned about such things, they shouldn't be loaning or investing in the private sector.

34 posted on 02/03/2009 7:34:12 PM PST by Loyal Buckeye
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To: AppyPappy
Don't be silly. Soros? Anyone involved with ACORN? The goal is to cap CEO pay. That is, pay that is contracted for and earned, usually with a bonus for ACTUALLY making realistic goals in revenue/profits for the corporation that is approved by Boards of Directors and stockholders.

This idea of putting caps on salaries works for major sports teams but not at all valid in business. Also, it doesn't matter if the company is receiving government money. Where is the outrage about our own government's extortion of American business?.

35 posted on 02/03/2009 7:35:37 PM PST by BatGuano
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To: muawiyah

As was the $93,000 raise in “petty cash” amounts Congress voted themselves.


36 posted on 02/03/2009 7:35:58 PM PST by VanShuyten ("Ah! but it was something to have at least a choice of nightmares.")
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To: sloop

Where’s the HA HA guy? How do you like him now, Wall Street?


37 posted on 02/03/2009 7:37:01 PM PST by goodnesswins (Tell the truth - GOEBBELIZATION (propaganda) is what many voters suffer from.....)
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To: demkicker

The slippery slope is right. I remember when universities were getting caught up in the tax money net. First it was direct general grants, then if you took money for specific contractual work, then they tried to argue if a student had a federally-guaranteed loan, it was enough to bootstrap universities into the fed web.

However, there is some wiggle room here with the term “substantial”. I suspect no decent contributor to the Democratic Party will ever be judged to have accepted “substantial” money. Can’t dry up the spigot, can we? Obama has a reelection to work about now and he has already shown it is on his mind since last week.


38 posted on 02/03/2009 7:37:39 PM PST by caseinpoint (Don't get thickly involved in thin things)
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To: Smokeyblue
Socialism just a pit stop on the way to Communism.

A Communist is a Socialist with your gun.

39 posted on 02/03/2009 7:40:02 PM PST by c-b 1 (Reporting from behind enemy lines, in occupied AZTLAN.)
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To: sloop
Image Hosted by ImageShack.us

It may soon be time to load up the family truckster and head for the hills. I have room for one more. Anybody have Kelly Pickler's number? (:^o)

40 posted on 02/03/2009 7:41:09 PM PST by RoadKingSE (How do you know that the light at the end of the tunnel isn't a muzzle flash ?)
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