Sic 'em Claire!
Keep Gitmo open for them as far as I'm concerned. Sen. Claire McCaskill is pissed and calling for wage caps for execs who accept TARP money...wants them to make no more salary than the President of the United States.
Which is great, but better yet, let them have all the bonuses they want if we don't have to pay 4 trillion to make them solvent again.
"WASHINGTON (CNN) -- One day after President Obama ripped Wall Street executives for their "shameful" decision to hand out $18 billion in bonuses in 2008, Congress may finally have had enough.
An angry U.S. senator introduced legislation Friday to cap compensation for employees of any company that accepts federal bailout money.
Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee would be allowed to make more than the president of the United States.
Obama's current annual salary is $400,000.
"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer," an enraged McCaskill said on the floor of the Senate. "They don't get it. These people are idiots. You can't use taxpayer money to pay out $18 billion in bonuses."
McCaskill's proposed compensation limit would cover salaries, bonuses and stock options.[..]"
Bravo! Even better, cut the cap down to the average teacher's salary...and require that the CEOs volunteer 10 hours a week in a homeless shelter. Maybe we should also require that of our Congress members as an official duty.
One of the things I admire about Obama is that he and his family have actually worked in the soup lines and homeless shelters. Other than Jimmy Carter's work for Habitat For Humanity, how many past presidents can say that?
I still can't get over these Wall Street guys redecorating their offices with $87,000 area rugs and trying to buy jets while holding their hands out for taxpayer bailout money.
I mean, these are the executives who made the worst decisions that sunk the financial system...they failed their companies and the economy.
A bonus for the CEO of a failed company makes me furious when I think of our military...the ones who put their lives on the line for us. I live in an Army town where service members and their families qualify for AFDC and food stamps.
Why oh why didn't Congress do this before they even passed the danged bailout...they should have insisted on rules, like no bonuses for companies accepting bailouts.
No, we're the idiots for electing the representatives and senators who let this happen.
