For crying out loud! Why is it that conservatives are so easily distracted by issues like this rather than focusing on the real target which is killing this socialist “stimulus” package.
This only applies to companies that took taxpayer money for a bailout. Bitch about the government regs that in part brought this about but the gov regs were not the only reason these companies got into trouble; the execs running things deserve a fair part of the blame as well. The companies that are not running with our money are free to pay their CEOs anything they want.
Whining about this puts conservatives in the position of supporting the use of tax dollars to obviously maintain the lifestyles and perks of company execs. The money is supposed to help save the companies not save the execs lifestyles of the rich and famous. Yes Virginia, if they took our money then they signed on to regulation; but they are treating it like a gift from Santa. If they are successful in bringing the company out of trouble and paying back the taxpayer then the boards and shareholders can lavish whatever salaries they want on them.
This is a side issue and almost a non-issue. I could almost believe that BO Plenty’s advisors pushed announcing this knowing that conservatives would impulsively react, blow it out of proportion and pull attention away from the issue of killing the stimulus package. Give it a rest and get focused on what really matters.
correction: to companies that take future bailout money. Those who already have it are exempted.