Posted on 02/04/2009 12:03:52 PM PST by Grim
Wall Street and the business community gave a lukewarm response Wednesday to the US administration's plan to cap executive pay, fearing it may lead to a talent exodus and delay recovery in the finance sector.
The reaction came after President Barack Obama announced that executives of finance firms taking government bailouts would have their annual salaries limited to $500,000 dollars, a move aimed at protecting taxpayer interests.
(Excerpt) Read more at breitbart.com ...
Galts Gulch.
You nailed it!
Carry it one step further and demand that anyone receiving any type of Federal assistance be prohibited from voting in any election.....until they can prove they are again a productive member of society.
“Let’s limit the salaries of former members of federal government too
Double Standard?”
You’re darn tootin’....we are subsidizing and perpetually “bailing-out” them, too.
Nothing screams LATENT SOCIALIST like trying to associate Berni Madoff with freedom or with the CEOs of large companies. No, I do believe in laws that limit one's "freedom" in the same manner as the ten commandments suggest. You completely misunderstand G-d, I guess, but most SOCIALISTS do.
ML/NJ
There certainly is something to what you say here. I'm not sure that everyone who "took" the money had a choice, just as bankers didn't have a "choice" really about lending to unemployed, indigent minorities. Still the idea of Obama & Co. deciding that the guy who runs GM shouldn't be paid more than a tenth of what every 240 hitter gets to play MLB is absurd.
ML/NJ
“Don’t take federal money, and tell 0 to stick it. Problem solved. Those who already took bailout bucks, should shut up and smell the manure. Half these creeps probably voted for 0. Let them live with him.”
Some of these folks were forced to take the money under duress, and then after the fact they get this thrown at them.
I believe that those who have already taken bailout money are exempt from this salary cap.
I would bet most of those would be contributors to democrats.
Really? What capitalists do you know of on Wall Street?
A capitalist is someone who puts their own money at risk in a venture in hopes of making a profit.
Wall Street is stacked bottom to top with socialists who never made an honest dollar of their own, those who convince others to invest their money, then promptly steal it or mismanage it into the red in toxic investments.
No, what you see now is two sets of socialists, feuding over total control of Other Peoples' Money.
Let’s hear it for belated ad hominem attacks! Woo hoo!
It’s interesting that someone who took classes at Cornell, and had the balls to send his kids there too, then turns and cries ‘wolf’ with the ‘LATENT SOCIALISTS’ brand. In psychology that’s called projection. Cornell is no Hillsdale, my friend.
Have you had any talks with the kiddos recently? Any Mao posters crop up on the back side of the bedroom doors?
Oh, gosh, that’s so ad hominem. (slapping own wrists)
On a serious note, as a fan of classical music, what’s your opinion of Beethoven’s Allegretto from the 7th? (I’m not a big classical fan, but this piece is wonderful - and yes this is an olive branch)
Also, I am glad to see you’re at ease with using God in your chat. Although not Jewish, I am at ease with Him, too.
I guess you're not married. It was very important to my wife that my son go to an Ivy. He was for it too so I got outvoted. I'd say the school was not good for him, but I'm sure he shares some of the blame. He did come back a lot more left than when he started.
As for me going there, I love it because I get to straighten out some of what goes on there. For example, in a "global warming" class the professor compared the incidence of solar radiation to ocean temperatures (or something like that - it's been a while). I asked how he could equate what was going on at the top of the atmosphere with something at the bottom when there was a little thing called clouds in the way. (He was very insistent that I ask questions!) And so he replied that, yeah I was right and it was an apples and oranges comparison. And twenty kids got to hear that not everything they were hearing about the data they were seeing was being properly explained. You can see another example for a class I wish I had taken in this Amazon Book Review. No Mao posters though, and surprisingly enough not even an Obama poster, though he has been a big Obama supporter. (My daughter cancels him out.)
On a serious note, as a fan of classical music, what’s your opinion of Beethoven’s Allegretto from the 7th?
I love everything about the Beethoven 7th, and the Liszt transcription too.
ML/NJ
Many of these guys have been around long enough, they can afford to lay off awhile and live a pretty good life on their savings. Maybe buy some tax exempt bonds when interest rates improve and live tax free on their interest. Kick back and wait for 0’bamacide to pass.
Well, if they’re that bummed out, they could always jump outta the windows if they still opened.
Oh, the country cries with you, WallStreet, we feeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeel your pain, really, we do, really.
I appreciate the reply.
I actually am married, and my kids are either out of college (one w/Master’s) or currently in. I know about the pull of the Ivies, however. In the early ‘90’s I actually visited Cornell several times in order to decide if I wanted to go to their law school. There was one (only one) prof there I liked (at least from the readings I did of his stuff).
But, God has other plans for us sometimes, so I never got to drag the entire family out to the Gorge. But, I never forgot the mystique of the challenge that the school would have been to a conservative. Congrats to you for keeping the ‘indoctrinator’ in line. Somebody’s got to keep their feet to the fire.
I’ve got to go ‘til tomorrow, but what did you think of Ithaca itself (politically left of Berkeley), as in the city itself? Expensive I suppose?
How about limits on individuals that get gov’t money...no potato chips, Iphones, and basic cable ONLY...magritte
Did you know that the “make work pay” program that Obama has been touting as a tax cut, is a monthly pay out for the SEIU workers that don’t pay any taxes? It was a program that the SEIU campaigned for Obama on.
As for town of Ithaca, the best I can say is that it is no Charlottesville. But Cornell is no UVa either.
ML/NJ
It was Roger Cramton that I liked. Read a fair amount of his stuff. Seemed reasonable and balanced.
I’ve driven through Charlottesville, and the UVa campus. Beautiful area. Whenever I would go on business trips I would spend whatever free time I had to drive over to whatever campus was nearby, just to get a feel for the atmosphere.
I’m a Colorado alum myself. You from UVa?
BTW, I enjoyed your book review. I’ve never submitted a review, but I guess I should. I have an affinity for books, as do you, I surmise.
I’m sure the profs cringe when they see us old farts in the classroom. I haven’t taken any classes for about 10 years. I suppose I should pony up the ante, and go find a desk to sit in again.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.