Obama Rips CEO Bonuses. Soon, He Will Decide What You Can Earn

www.rushlimbaugh.com ^ | November 26, 2008 | Rush Limbaugh

[lucysmom]

If you can take away a CEO’s bonuses and pension because they are ‘too big’ you have to be just as willing to do the same to blue-collar worker.

"United Airlines, which is operating in bankruptcy protection, received court permission yesterday to terminate its four employee pension plans, setting off the largest pension default in the three decades that the government has guaranteed pensions."

http://www.nytimes.com/2005/05/11/business/11air.html?pagewanted=print

[lucysmom]

RUSH: Okay, first off, the corporate jets. It's a moot issue...

The thinking behind using corporate jets to get to Washington to ask for a bailout is probably the same thinking that is behind the need for a bailout in the first place - they're not good at understanding their customer base.

[lucysmom]

Maybe he needs to give back some “unfair” profit from the sale of his books. Send it to his brother - or his aunt.

The difference is that his book was/is profitable and the CEOs companies are not. Obama's suggestion is not new or radical. Back in the old days, HP did exactly what Obama suggested, when times were hard, executives shared personally in the belt tightening and the company functioned without laying off employees. The result was an extremely loyal workforce. Of course, company loyalty is no longer seen as desirable.

[Mike Darancette]

no one question his lack of ethics!

The ends justified the means.

[freekitty]

Fat chance of that happening. Just like the Clintons; if Obama is allowed into the WH; he the same as them, will walk away with lots and lots of money. How’s that for helping his people out, meaning voters? 2 for me and none for thee kind of thinking. Why else would they put a totally incapable person in the WH as they did the Clintons? Ah, a front; just as the Clintons. The words leader and respect should come to mind when thinking of the POTUS; but neither apply to the Clintons or Obamas.

[SteamShovel]

we are doomed, doomed I tell you.

And the MSM is saying we should be united behind this guy.....

[ari-freedom]

and the CEOs companies are not.

yeah, because the govt screwed everyone up with easy money and freddie mac. Cut the govt first, then we’ll talk about ceo’s.

[Scotswife]

But isn’t that an issue for stockholders to deal with?

Since when was this an issue for the President of the US?

[mysterio]

I only start caring what the idiot CEOs make when they :

a. ship out all of the jobs so they can get a bonus.
b. require a government bailout.

[ari-freedom]

it’s the dems that want to give them a bailout because they want to be in control of everything. I say no bailouts and no curbs on exec compensation!

[mysterio]

it’s the dems that want to give them a bailout because they want to be in control of everything.

You're partially correct. You forgot that Republicans also pushed for the bailout.

[bvw]

The mottos of Obama, as determined by observation of his actions, and his word:

• "All honor and gifts to ME, and none for thee."

  -- By Actions: Lavish Inauguration, Lavish campaign trip to Europe, Lavishly-appointed custom painted campaign jet, Lavish Sidwell Friends School for daughters vs slavish failing public schools for other DC residents.

• "Mine is mine, and yours is mine"

  --By Actions: Refusal to provide birth certificate, college records, the attempted Annenberg Challenge cover-up vs the most invasive and extensive job application ever for jobs in his administration.

  --By Words: When Joe said he wanted to buy a buiness and grow it bigger than 200K a year Obama replied, yes I'll raise your taxes because : "It's not that I want to punish your success, I want to make sure that everybody who is behind you, that they've got a chance for success, too. I think when you spread the wealth around, it's good for everybody." The Obama's made $4.2 million in 2007 according to tax records. Those same records indicate that only $1.7 million of that $4.2 million was spread around in taxes and charity. That is, they KEPT $2.5 million -- more than 10 times that paltry 200 K Joe wished he could someday achieve. Obama is so kind.

* * *

Malkin: Where are all the Anti-Inauguration activists now?

President Obama’s Chicago machine is kicking into high gear to plan and fund his massive, unprecedented inaugural festivities. He just appointed an inauguration planning committee that includes his hometown cronies William Daley and Penny Pritzker. They’ve got a campaign-style website counting down the days to the massive party in Washington. To deflect attention from the costs, the One’s party planners are patting themselves on the back for limiting inaugural donations to individual contributions of $50,000 — a move they say is historic. But Bill Clinton also refused corporate money for his second inaugural and capped donations at $100. (Bush raised $42 million for his second inaugural, mostly from corporate donors, capped at $250,000.) The DC Examiner recently reported that the Inaugural Celebrations of Hope and Change will strain the district’s beleaguered pocketbook:

Soaring costs expected to accompany huge crowds in town for the Jan. 20 inauguration of Barack Obama could stick cash-strapped Washington, D.C., with a record-breaking bill for services. Security and capacity measures recommended by the District’s congressional delegate Eleanor Holmes Norton and others will almost certainly surpass the $15 million the federal government gives to the District each year to defray the cost of events, Norton said.

[ari-freedom]

the GOP pushed for the bailout because they were scared of financial collapse. The original paulson plan didn’t have any comp curbs.

The dems used the bailout as an opportunity to control the industry. They want the curbs and force the banks to lend to high risk borrowers. They couldn’t care less about the crisis.

[lucysmom]

But isn’t that an issue for stockholders to deal with?

They're not dealing with it.

Since when was this an issue for the President of the US?

I'm not sure what you mean here.

[Scotswife]

“They’re not dealing with it.”

It is THEIR company.
So either they change the way things are - or hold onto the stock thereby condoning the status quo.

If they don’t like how it is being run, what is stopping them from dumping the stock?

That is how the free market works.

It isn’t up to Obama - it isn’t up to the government.

[lucysmom]

That is how the free market works.

The underground economy is as close as we come to the free market, everyone else wants guaranteed growth, and failing that, a bailout.