BWA HA HA HA HA HA HA HA HA HA HAHA!
Hussein breaks another promise!!
Posted on 02/16/2009 5:07:47 PM PST by Libloather
US backtracks on pay caps to stop Wall Street exodus
February 17, 2009
Tim Reid in Washington
President Obama is aiming to water down Democratic proposals on pay caps for banking executives because he fears a “brain drain” on Wall Street.
In a move that has angered leaders of his own party, the President has indicated his concern that new caps on compensation — inserted into his $787 billion stimulus Bill, which he signs into law today - are too draconian and could limit banks' co-operation with his plan to stabilise the stricken financial sector.
This month Mr Obama issued guidelines for the limits: in essence a $500,000 executive pay cap for companies that receive government money. Under the guidelines, restrictions would only apply to banks that receive “exceptional assistance”.
The restrictions in the Bill are much tighter, imposing limits on all banks that receive money. The stimulus package also calls for a review of past compensation, raising the prospect of executives having to pay back previous bonuses, and will place pay caps on a much broader array of employees.
(Excerpt) Read more at business.timesonline.co.uk ...
WHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOPS!First of many over reaches.
They didn’t know that before. Like Duh!
Maybe he should sit down and read his own Bill? Naaaaaa....that wouldn’t make any sense.
Make up your freakin’ mind, Mr. “community organizer!”
This guy is such a 5th grader.
Time for the flip- flops pictures to start showing up. Maybe some red ink flip flops. We are in the red.
BWA HA HA HA HA HA HA HA HA HA HAHA!
Hussein breaks another promise!!
PSYCHO! Quit slammin’ fifth graders. They’d run circles around him.
Give me a break, this empty suit is being coned at his own game. Where are these people going to go to be able to make the money that they would still make on Wall street, McDonalds?
This just the first of many backsteps from our POTUS, Empty Suit.
More likely he is concerned about donor drain since liberals largely received the favor of rich Wall Streeters.
You want to do something about it, jackhole? Veto the bill and make them try, try again. I’m sure with O’Boomer, rewriting an already passed bill is not illegal.
What do you mean “first” ?
Dictator REVISES Legislative actions ?
The Brain Drain already happened ....... When BHO Left Illinois and went to DC, he IMPROVED the average IQ in both places !!!
Make a damned decision Mr. Figurehead!
LOL!! This is truly a hoot!!!!
The day after this nonsense was first suggested, Neal Boortz was on the radio talking about this brain drain problem.
It’s actually common sense.
Odumbo.
Then with the aid of the willing accomplices in the MSM (Main Stream Media) recant what you said without the MSP (Main Stream Public) finding out about it.
Naw, Chuckie and the rest of the New York Dems pointed out to them the amount of money those bonuses and stratospheric salaries generate for NY.
By the way, watch him freak out over nationalizing the banks...it would move the financial center from NY to Washington. IMHO it will happen.
“Give me a break, this empty suit is being coned at his own game. Where are these people going to go to be able to make the money that they would still make on Wall street, McDonalds?”
Many of them don’t need to work. Many could go to other companies and make good money.
“This just the first of many backsteps from our POTUS, Empty Suit.”
The only question is how much money and how many people will die because of this buffoon.
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