I don't know if I can even keep up to Obama's hair-brained ideas anymore.
Check out this blog at the National Post for the latest.
So now, thanks to Obama, the top executives at financial institutions are going to have their pay 'capped' at $500,000. So it doesn't matter how much work you do, how hard you work, whatever.....you are capped. Is that even legal? Well, I guess in Obama's Socialist World (OSW). I'm sure we are going to be seeing more and more OSW each and every day.
Sure, $500,000 a year is a pile of money. But as the blog mentions, the result of capping salaries is bad bad bad. The best and brightest minds are going to leave the financial world and head to places where they can make more money. So you have the people who are the best at what they do leaving their jobs in the middle of a crisis in their industry.....wow, that should really help things rebound.
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Continuing with this whole econonmy thing. How did this whole thing start? Housing crisis - right. And what created that - pure American GREED. And who created that. BANKS. BANKS are suppose to foreclose on so many people a year anyways to make money, unfortunately they decided to put too many people under (driven by GREED)making money that they put the economy into a downward spiral. So how do we fix this. BANKS. But not by bailing them out. It just turns into GREED again. Maybe if they just get rid of the GREED in BANKS the economy would start turning around?
ReplyDeleteI agree, the banks are greedy and they were a driving force in creating this mess.........but penalizing the top 30-40 executives at large companies because of it???
ReplyDeleteI don't argue that there should be concessions made to get things going again, but capping the salary of executives no matter how well their company does? What if the gov't randomly told you that, as a farmer, you can only make $100,000 per year tops - no matter how well your farm does.
It's the same idea.
First of all. THERE COMPANY IS OBVIOUSLY NOT DOING WELL BECAUSE THEY ASKED FOR A BAILOUT.
ReplyDeleteTrue i wouldnt like it,fuck,i wouldnt be able to pay my bills. Similiarly if i did borrow a few million off the government((FCC)Bank for Canadian Farmers) they do and will control you in many aspects(and i think id expect that). Thats Canada. There have been quite a few farmers like that. So really its no different than what we got in Canada already. (and i dont like it).
I mean for the states its only the companies that are asking for a bailout that are going to be penalized. There are plenty of top companies out there that the execs will be making top dollar cause they didnt have a bailout.Hell these "bailout" companies should have been allowed to collapse so that others could have bought them out. Thats what the free market system is all about, rich get richer-poor get poorer.
Having said that. I dont mind them capping pay on the companies that borow big billions from the governement. fuck, they should have been toast a long time ago in a true free market system. Teach those rich pricks a lesson. Maybe then they wont show up 2 work in there big jumbo jets to do fuck all But fuck there 18 year old hot tight secretary in the office hottub.(ahh the life)