Axelrod hints pay limits not binding

Yahoo ^ | 2/15/09 | staff

[Nachum]

David Axelrod, senior adviser to President Obama, hinted in an interview on Fox News Sunday that the administration does not view the executive pay restrictions in the economic stimulus bill as binding. Obama will sign the restrictions, which are stricter those he announced less than two weeks ago, into law on Tuesday. But Axelrod said the administration will work with Congress to come up with "an appropriate approach" to curbing excessive pay packages on Wall Street.

[Nachum]

Definately, positively, maybe

[demshateGod]

What he means is, “Those who jump through our hoops and our friends will make unlimited pay.” It’s basically making the system we’ve had in place for a while the official system.

[Red_Devil 232]

So Obambi and his minions have created new laws that he will sign Tuesday making them the law of the land - but if it does not work they will just ignore the Law.

Wonder if I can do that?

[Hoodat]

Axelrod would know since he is the actual President. Obama is his puppet, whom he given a few days off so that he can better run things from the White House.

[ProfoundBabe]

This business of writing and passing laws then figuring out what they mean and how (much) to enforce them is really getting ridiculous.

Obama will sign the restrictions, which are stricter those he announced less than two weeks ago, into law on Tuesday. But Axelrod said the administration will work with Congress to come up with "an appropriate approach" to curbing excessive pay packages on Wall Street.

Hey, here's an idea - why not come up with the "appropriate approach" first, then codify that. Or does that limit the fascism?

[Da Coyote]

What he means is, “Those who jump through our hoops and our friends will make unlimited pay.” It’s basically making the system we’ve had in place for a while the official system.

You took the words right out of my mouth.

Dhimmicrat? OK, pay yourself what you would like. After all, that’s what we soon to be corralled in the revolution congress critters are doing.

[tcrlaf]

“Not Binding”...

Which means if you donate BIG MONEY to the Democrats, and more specificly, HIM, they are not binding, but if you DARE to support the REPUBLICANS....

Well....

Welcome to our brave, new, fascist world folks...
This is EXACTLY how the Nazi’s took control in Germany.
And congress just passed THE ENABLING ACT.

[rodguy911]

PIngo!!Makes you wonder how much of the rest of the bill is “non”binding as well....

[Gaffer]

No, they aren’t binding. If the companies come to agreement the worst they could forfeit is a call on the loan. Government has no inherent right to limit prices or wages. Nixon once tried this and it was later ruled unlawful.

[Hardastarboard]

Wait! Can you hear it?!?! DU is in an uproar over this 0bama “signing statement”, just like they used to get over Bush’s. NOT!!!!!

[The Free Engineer]

What he is saying is that we now have a government of men, not laws.