http://news.yahoo.com/s/ap/20090204/ap_on_go_pr_wh/bailout_executive_pay
Has this guy no shame? On one hand, he approves of top executives of the US government not paying income taxes and then caps executive pay in the private sector. Can anyone say "contract?" That's good; I knew that you could!
How about this? Tell companies who wish to receive economic aid from Uncle Sam that they may not exceed a payroll of x% of reported income. Why not tell them that if they have executives making in excess of x% of their total company payroll, they're not ELEGIBLE for government bail-out funds? How can you or anyone else, Mr. Obama, tell a guy who's been making 1.5 or 2 million dollars per annum that his salary was just reduced to merely $500k? How's HE supposed to pay for those things he's obligated to pay for, like his mortgage, car notes, college education for kids, electricty, water, etc.?
I know you guys like to scoff at "trickle-down" theories, but you cannot deny that that is exactly how it works, can you?
The naivete' and sheer ARROGANCE of this bunch simply amazes me!
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