October 26, 2009

Limiting Exec Pay

I will say at the beginning, I like the idea of the federal government limiting compensation for executives of companies that have taken tax money. If nothing else, such a move fires a round across the bow of any executive in this country that thinks he or she can drive a company into the ground, get bailed out with gubment money, and still grab off those personal millions. Screw ‘em.

Of course, the “brain drain” argument shows up. Why, if these geniuses don’t get paid their millions upon millions, they’ll go to work somewhere else. Fine, let them quit. Let them go to work delivering pizzas. That’s where they belong.

I would say the same about every member of Congress, and every member of the current administration.

I watched a little ‘Meet the Press’ over the weekend. Senator Schumenheimen, Schumenberger, Schumenstein, whatever his name is, the Jew from New York, was on his high horse about the rules being different for executives of companies that have taken tax dollars. So what about the rules for Washington types like him?

I mean if executives of companies shouldn’t be able to pocket millions because the companies that employ them have accepted billions in tax money once, why should a senator be allowed to pocket millions while he is employed by an entity that accepts trillions in tax money every freakin’ year?

Hypocrisy to the max. That’s what I love about politicians.


Posted 9 months, 5 days ago on October 26, 2009

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