January 30, 2009

Well, I totally concur but ...

... it sure would sound a lot better if someone other than a politician said it:

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.

"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer," an enraged McCaskill said on the floor of the Senate. "They don't get it. These people are idiots. You can't use taxpayer money to pay out $18 billion in bonuses."

McCaskill's proposed compensation limit would cover salaries, bonuses and stock options.

The sad reality is that these Wall St. buttholes are no different than you, Ms. McCaskill -- or any other politician. I certainly agree that anyone or anything that accepts federal money thus becomes bound to the whims of the loaner. However, the American public gives our moronic politicians their freakin' money each and every paycheck and with our various purchases, and what do they do with it? Social Security is a mess, Medicare's a mess, the national debt's out of control ... and these self-righteous, smug, hypocritical politicians are the ones who got us into this economic mess in the FIRST PLACE!!

So, pardon me if I don't jump and up and down and scream "AMEN!!" Senator McCaskill. What's the 'ol saying -- "Those who live in glass houses ...?"

Posted by Hube at January 30, 2009 05:31 PM | TrackBack

Comments  (We reserve the right to edit and/or delete any comments. If your comment is blocked or won't post, e-mail us and we'll post it for you.)

Does that include all of the allowances given the Obamas, which more than double his salary?

And regardless, doesn't it appear to you that someone as underqualified as Obama is overpaid for the job?

Posted by: Rhymes With Right at January 30, 2009 10:16 PM

While I agree that it's obscene to pat out bonuses with bailout monies (which these firms certainly did), what incentive for an investment manager to earn more for his company will there be if his commission bonuses are frozen? What benefit is there for an individual to get more clients and earn more money if his compensation for doing so stops at a given point?

Posted by: Brud Lee at January 31, 2009 09:36 AM

Maybe they should also get the personal chef, free housing in a mansion, a corporate jet, a car with driver, and top of the line security. Shall we at least compare equals with equals?

Posted by: David at February 1, 2009 01:58 AM

try to remember that "Wall Street Bonuses" = performance pay.

The people who got the bonuses were in the profitable divisions of the companies.

Posted by: annoni at February 1, 2009 01:45 PM

That is the ultimate goal of the left. To put everyone on a level playing field. To suckle the teats of Lady Liberty. Fortunately she only has two.

Soon we will all( well, not all) be nothing more than drones fully dependent on the federal govermnment.

Posted by: h. at February 2, 2009 12:43 PM

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