Barack Obama Change You Can Believe In … Do as I say, not as I do.
Caps on corporate America … The US Government is the biggest offenders of wasteful spending and little to no oversight. Is it no wonder that Obama’s stimulus package is so unpopular with Americans. It looks like wasteful government spending instead of wasteful corporate spending instead. In the end, the tax payers are left holding the bag.
50% Say Stimulus Plan Likely to Make Things Worse. In order for Obama to get the US Senate to get this bill passed just how much more will be added to the stimulus and how much Democratic pork will get gutted?
From President Barack Obama and the Dems comes a cap of $500,000 on senior executive pay for companies receiving federal bail out money. Is this just one more step closer to socialism? Next thing liberal Democrats will want the cap on all companies regardless of receiving bail out money or not. Are Americans upset with the wasteful ways of corporate America and the frivolous spending? Sure they are; however, it is not just corporate America who spends American taxes payers money is a wasteful manner.
The executive-pay move comes amid a national outcry over huge bonuses to executives heading companies seeking taxpayer dollars to remain afloat. The demand for limits was reinforced by revelations that Wall Street firms paid more than $18 billion in bonuses in 2008 even amid the economic downturn and the massive infusion of taxpayer dollars.
“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.”
Last time I checked wasn’t all of Washington, DC politicians tax subsidized? Who does Barack Obama thinks pays his salary? Would that be the American people? If that is the case and Obama is telling corporate America to cut salaries, why is it that Obama is not doing the same? CHANGE? It appears that the Obamamessiah has many of the same perks that he is vilifying American CEO’s for. Wouldn’t one think that if President Barack Obama wants to set a perception and attitude of fiscal change, that he would first start by making some changes with himself?
America’s CEOs are coming under fire these days not just for their hefty salaries but also for their use of private jets, limos with drivers and free trips to posh resorts.
But they aren’t alone in living this lavish lifestyle — the president of United States gets all these perks and more.
And unlike some of his Cabinet appointments, he doesn’t have to pay taxes on these benefits.
It might be a bit of a stretch to compare today’s corporate titans with the commander in chief, but some Wall Street bloggers clearly upset with President Obama’s attempts to rein in executive pay are doing just that.
Interestingly enough Barack Obama does not seem to be addressing the issue that Democrats spent $500K on Caucus retreats.