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Angry senator wants pay cap on Wall Street 'idiots'
CNN ^ | 1/30/2009 | CNN

Posted on 01/30/2009 11:55:19 AM PST by Red in Blue PA

WASHINGTON (CNN) -- One day after President Barack Obama ripped Wall Street executives for their "shameful" decision to hand out $18 billion in bonuses in 2008, Congress may finally have had enough.

An angry U.S. senator introduced legislation Friday to cap compensation for employees of any company that accepts federal bailout money. Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee would be allowed to make more than the president of the United States.

Obama's current annual salary is $400,000.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; US: Missouri
KEYWORDS: 111th; bailout; bho2009; democratcongress; democrats; economy; mccaskill
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I am for this. You take bailout money, no more million dollar payouts.

You have a choice......but not on my dime.

1 posted on 01/30/2009 11:55:19 AM PST by Red in Blue PA
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To: Red in Blue PA

The Democrats have waited for a generation to control how much Americans pay. This is quite an achievement for the left.


2 posted on 01/30/2009 11:56:48 AM PST by ilgipper
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To: ilgipper

pay = get paid.


3 posted on 01/30/2009 11:57:07 AM PST by ilgipper
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To: Red in Blue PA

Better yet would be to just not do the bailouts in the first place.


4 posted on 01/30/2009 11:57:14 AM PST by arista
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To: Red in Blue PA

Need to find out what bonuses, when paid and when gov money went in.

The government however issued far more then 18 B in bonuses to government employees - anyone upset about that?


5 posted on 01/30/2009 11:57:20 AM PST by edcoil (Hey, I found my round-tuit, guess I'll go to work now.)
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To: ilgipper

Will there be pay caps for Congress idiots as well?


6 posted on 01/30/2009 11:57:27 AM PST by LottieDah (If only those who speak so eloquently on the rights of animals would do so on behalf the unborn)
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To: Red in Blue PA

The Nationalization continues.

You’d be hard pressed to find anyone who deserves a bonus or paycheck less than a US Senator.


7 posted on 01/30/2009 11:57:44 AM PST by Seruzawa (Obamalama lied, the republic died.)
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To: Red in Blue PA
I agree - also include pay caps on Hollywood stars and sports figures...!
8 posted on 01/30/2009 11:58:09 AM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Red in Blue PA
This cap counts for Hollywood movie stars and sports athlete's too, right?
9 posted on 01/30/2009 11:58:54 AM PST by Sybeck1 (WHITE AND EMBRACING WHAT IS RIGHT!!!!!!)
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To: Red in Blue PA

What bull, they’ll just find another way to get it, its a pr stunt from Obama’s Monica Lewinsky.


10 posted on 01/30/2009 11:58:55 AM PST by sunmars
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To: LottieDah

Zactly!


11 posted on 01/30/2009 11:59:04 AM PST by jwalsh07
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To: ilgipper

Let’s just get it over with and pay everyone the same amount (except for party members). It worked so well in the Soviet Union, right?

Do any of these morons read any history at all?


12 posted on 01/30/2009 11:59:17 AM PST by chpmass
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To: Red in Blue PA

I hope they don’t put a cap on my salary. Government needs
to stay out of the private sector. These companies should have failed! Now look what they started! UGH!!!


13 posted on 01/30/2009 11:59:17 AM PST by Snappy1MarineMom (Don't Blame me I voted for Keys)
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To: LottieDah
Will there be pay caps for Congress idiots as well?

Now you've stopped preaching and gone to meddling! ;-)

14 posted on 01/30/2009 12:00:24 PM PST by OB1kNOb (Quinn's 1st Law - Liberalism always generates the exact opposite of its original intent.)
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To: Red in Blue PA
Well I say that US Senators should not make more than I do. And while we're at it, movie stars should not make more than public school teachers. And athletes should not make more than doctors. And, and, and...

Get the point, numbnut?

15 posted on 01/30/2009 12:00:29 PM PST by facedown (Armed in the Heartland)
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To: Red in Blue PA
I have a question for Sen. Claire McCaskill, (D)-Missouri: Just how many $_,_00,000 have you taken as payments from lobbyists?
16 posted on 01/30/2009 12:00:33 PM PST by Arrowhead1952 (Dissent is patriotic - Hussein is not and will never be my president.)
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To: Red in Blue PA

Boy would I like to see a “paycap” on idiot senators!


17 posted on 01/30/2009 12:00:34 PM PST by laweeks
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To: chpmass

“It worked so well in the Soviet Union, right?”

You do understand that this applies only to companies taking bailout (mine and yours) money, right?


18 posted on 01/30/2009 12:00:55 PM PST by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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To: LottieDah
Will there be pay caps for Congress idiots as well?

Or even better, power caps?

19 posted on 01/30/2009 12:01:06 PM PST by snarkpup (We need to replace our politicians before they replace us.)
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To: 2banana; Sybeck1

Looks like we all had the same idea!


20 posted on 01/30/2009 12:01:42 PM PST by facedown (Armed in the Heartland)
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