Politics
Out of context: Reply #6116
- Started
- Last post
- 33,773 Responses
- TheBlueOne0
http://www.nakedcapitalism.com/2…
How odd, on this issue GetRefresh supports Obama and I am dead set against his policy suggestion, and am with the House.
"First of all, government has no business making compensation decisions on behalf of the private sector, which is what Obama would do by subjecting so many companies to executive pay restrictions. The House bill doesn't do this. By hitting only those companies that have received over $5 billion of bailout money, it dodges the private sector entirely. How so? The companies that have received the lion's share of bailout money really aren't in the private sector any longer. For one thing, they continue to draw breath thanks to TARP, FDIC and Fed life support; they owe their lives to forgiving taxpayers who've not yet chosen to pull the plug. For another, the risks on their balance sheets have ostensibly been socialized. For all intents and purposes, this makes their staffers public sector employees. As such they should be subject to whatever pay restrictions taxpayers' representatives see fit to establish."
- Good point TBO, and for the record, I am AGAINST government making compensation decisions on behalf of the private sector .********
- ... behalf of the private sector .********
- Good point TBO, and for the record, I am AGAINST government making compensation decisions on behalf of the private sector .