Obama to cap CEO pay, fascism at our doorsteps?

Indy Mind ^ | 2/4/2009 | arkady

[Ciexyz]

Whew, now I have another four months to get a converter box.

[4Speed]

The Fortune 500 . . .means....500 CEO’s.

Not all are in trouble.

Sounds like a very small issue, with itty bitty results.

Think BIGGER BHO . . . We need Growth, not Shrinkage, ya big Dummy !!

[DeuceTraveler]

I’m glad I’m not the only one aghast at this situation. I understand that the government can dictate this, since they now own large parts of these banks, but they should never have bailed them out in the first place! This is one more step to declaring how much the regular citizen will be making.

[Between the Lines]

all CEOs of companies that are currently receiving TARP money will be capped to $500,000 in pay

Surely he means all CEOs of companies that receive TARP money from now on. Or is he changing the rules after the fact for the companies that have already accepted?

[arkadyka]

no no, i am pretty sure that its current banks too.
someone correct me if i am wrong...

[Intolerant in NJ]

Cleverly playing on the fears and anger of the American public, today Obama unveiled that all CEOs of companies that are currently receiving TARP money will be capped to $500,000 in pay and quickly reminding the public that this is just the beginning!...and doesn't this warm the hearts of all those incompetent and irresponsible dolts who've looked on with envy and resentment for years at people who are capable of making big bucks - vengeance and another payoff to one of the 'rat special interest groups.....

[arkadyka]

actually, you are right. this is not retroactive, my bad I will correct it.

[FreeKeys]

accepted? I thought many of the firms were FORCED to take the TARP money. Was I misled?

[arkadyka]

yeah many were it seems, but most of the big ones definitely came groveling.

[ExTexasRedhead]

http://www.youtube.com/watch?v=yGfQk9XXm24

[Tempest]

The bankers are now the equivalent of civil servants. They should be happy that they still have a job and quit whining.

[SantosLHalper]

When will it end?

Next he will say that doctors and lawyers will not be allowed to make above a certain amount.

Then it will be mechanics, plumbers and so on and so on.............And the trees were all kept equal by hatchet, ax and saw.

[Lurker]

fascism at our doorsteps?

On our doorstep? Dude, it's taken over our couch, eating all our food, and drinking all our beer.

L

[exist]

This is dumb. Should we be upset that Obama is capping private individuals/businesses pay? Sure. But we should be just as upset that these multi-million dollar individuals/businesses are asking for free money to begin with.

For some reason we seem more upset at the former than the latter. Which is sort of weird.

[IrishPennant]

Huge mistake by Zer0...the only thing more powerful then the MSM is big money. You can annoy big money, but don’t piss it off. Zer0 is pissing it off....bye bye!

[arkadyka]

well said sir.

[arkadyka]

You need to ask yourself which came first.

Government intervening and trying to save ‘stuff’ is not a new concept, once BSC was saved the flood gates were opened.

[penelopesire]

Obama signaled his plans today with this remark(which goes BEYOND only bailed-out companies):

“On Wednesday, President Obama put a $500,000 limit on annual pay of bank executives whose firms receive government assistance during the financial crisis.

But he also said the new guidelines are “only the beginning of a long-term effort” to realign the way business leaders are paid, beyond the banking industry and other firms getting bailouts.”

http://www.freerepublic.com/focus/news/2178346/posts?page=33#33

There should be a Drudge Siren on this quote from Obama today!

[grey_whiskers]

You might enjoy this related vanity.

Great minds think alike, and so do ours ;-)

Cheers!