Wednesday, February 4, 2009

It is about #@$%^&* time!

President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure." [snip] "This is America. We don't disparage wealth. We don't begrudge anybody for achieving success," Obama said. "But what gets people upset — and rightfully so — are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers." [snip] Obama said that massive severance packages for executives who leave failing firms are also going to be eliminated. "We're taking the air out of golden parachutes," he said.


There really is not much I can say to this except, GObama! I am no Huey Long, and I am not interested in Communism or Socialism, but I also fully, passionately, believe that our current version of Capitalism is rigged for those at the top and until We The People put a stop to it, the looting and pillaging will continue at our expense. To the greedy bastards at the top, I say, if you want to have your hand in my pocket then you damn well better expect me to have a say in what goes on.

I could not be happier with Obama than I am right now. He da Man!

1 comment:

  1. While I believe less is more when it comes to government intervention, on this issue I wholeheartedly agree that income and perks should be limited for those who participate in the bailout until the money has been repaid. A good start but It's time to do more. How about the stocks and other options that could easily add up to millions of dollars?


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