Angry senator wants pay cap on Wall Street 'idiots'

CNN ^ | 1/30/2009 | CNN

[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.

[Red in Blue PA]

I am for this. You take bailout money, no more million dollar payouts.

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

[ilgipper]

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

[ilgipper]

pay = get paid.

[arista]

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

[edcoil]

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?

[LottieDah]

Will there be pay caps for Congress idiots as well?

[Seruzawa]

The Nationalization continues.

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

[2banana]

I agree - also include pay caps on Hollywood stars and sports figures...!

[Sybeck1]

This cap counts for Hollywood movie stars and sports athlete's too, right?

[sunmars]

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

[jwalsh07]

Zactly!

[chpmass]

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?

[Snappy1MarineMom]

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!!!

[OB1kNOb]

Will there be pay caps for Congress idiots as well?

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

[facedown]

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?

[Arrowhead1952]

I have a question for Sen. Claire McCaskill, (D)-Missouri: Just how many $_,_00,000 have you taken as payments from lobbyists?

[laweeks]

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

[Red in Blue PA]

“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?

[snarkpup]

Will there be pay caps for Congress idiots as well?

Or even better, power caps?

[facedown]

Looks like we all had the same idea!