Little-Acorn
02-05-2009, 03:22 PM
You've probably seen this article already. But did you notice a few hints buried in the text? Emphasis mine.
http://finance.yahoo.com/news/Obama-caps-executive-pay-tied-apf-14258147.html
Obama caps executive pay tied to bailout money
Ben Feller, Associated Press Writer
Wednesday February 4, 2009, 8:19 pm EST
WASHINGTON (AP) -- Assailing out-of-touch corporate pay and perks, President Barack Obama on Wednesday slammed a salary cap on top executives from companies that want bailouts
(snip)
Obama's new plan is broad.
Beyond imposing tighter rules on companies that get emergency bailouts, it also requires more openness and limits for healthy banks that tap into public money to expand lending. And it envisions broad reforms in how employees are paid at any public financial institution, even ones that don't get Federal help.
(snip)
The administration also will propose long-term compensation ideas even for companies that don't receive government assistance, Obama said. Among the ideas will be requiring top executives at financial institutions to hold stock for several years before they can cash out.
Well, that's awfully nice of Mr. Obama. He will "propose ideas" to these banks on how they should run their business and pay their people. As if they hadn't had those ideas before he showed up - and rejected them three seconds after they were brought up.
We should keep something in mind here. Governments don't "propose ideas". They make laws, and restrictions, and regulations. And they impose penalties on people who don't obey, as a means of forcing them to do what they wouldn't have done by their own choice.
That's ANY government does, or can do. It is not capable of anything else.
And that's fine for criminals, murderers, people who have been convicted of fraud, etc. Government should do exactly that, to them.
But here we have the President of the United States proposing that government intrude on people who have broken no laws, done no harm, and in fact have run their businesses well, benefitted many people, and provided loads of jobs.
When Mr. Obama says he will "propose ideas" to banks and other businesses that did NOT take bailout money, you can expect the banks to read the hidden message loud and clear: If you don't take our "suggestions", we will eventually start imposing them on you by force, so you'd better listen now.
Did anyone believe the people now in power, don't intend to take over more and more American business and tell them how to run things?
It's change you can believe in.
:lol: Suckers...........
http://finance.yahoo.com/news/Obama-caps-executive-pay-tied-apf-14258147.html
Obama caps executive pay tied to bailout money
Ben Feller, Associated Press Writer
Wednesday February 4, 2009, 8:19 pm EST
WASHINGTON (AP) -- Assailing out-of-touch corporate pay and perks, President Barack Obama on Wednesday slammed a salary cap on top executives from companies that want bailouts
(snip)
Obama's new plan is broad.
Beyond imposing tighter rules on companies that get emergency bailouts, it also requires more openness and limits for healthy banks that tap into public money to expand lending. And it envisions broad reforms in how employees are paid at any public financial institution, even ones that don't get Federal help.
(snip)
The administration also will propose long-term compensation ideas even for companies that don't receive government assistance, Obama said. Among the ideas will be requiring top executives at financial institutions to hold stock for several years before they can cash out.
Well, that's awfully nice of Mr. Obama. He will "propose ideas" to these banks on how they should run their business and pay their people. As if they hadn't had those ideas before he showed up - and rejected them three seconds after they were brought up.
We should keep something in mind here. Governments don't "propose ideas". They make laws, and restrictions, and regulations. And they impose penalties on people who don't obey, as a means of forcing them to do what they wouldn't have done by their own choice.
That's ANY government does, or can do. It is not capable of anything else.
And that's fine for criminals, murderers, people who have been convicted of fraud, etc. Government should do exactly that, to them.
But here we have the President of the United States proposing that government intrude on people who have broken no laws, done no harm, and in fact have run their businesses well, benefitted many people, and provided loads of jobs.
When Mr. Obama says he will "propose ideas" to banks and other businesses that did NOT take bailout money, you can expect the banks to read the hidden message loud and clear: If you don't take our "suggestions", we will eventually start imposing them on you by force, so you'd better listen now.
Did anyone believe the people now in power, don't intend to take over more and more American business and tell them how to run things?
It's change you can believe in.
:lol: Suckers...........