McCaskill on capping pay of CEOs who take TARP money: “These people are idiots”

posted at 7:30 pm on January 30, 2009 by Allahpundit

A stemwinder in support of her new bill, inspired by the news about lavish bonuses and multimillion-dollar corporate jets. Easy peasy: If you’ve run your bank well and don’t need a bailout, pay your chief exec whatever you like. If you haven’t and are now on your knees begging taxpayers for a lifeline, prepare to have your CEO capped at $400,000, the same salary The One gets as president. It won’t mean much in terms of savings but it does create an incentive to run a tight ship if you want another seven-figure payday in 2009. And of course it’s great politics, something the Democrats could use right now as the stimulus starts to fester. And don’t think that’s been lost on McCaskill:

I think that there have been some mistakes made. From my perspective there have been mistakes made on the stimulus bill. There has been such a starvation diet for some of these programs that the appropriators got a little over anxious in the House. They probably did some things they shouldn’t have…

We do need to look at the safety net side of the stimulus bill that can get into the economy quickly. But we can’t right every wrong in terms of programs we support in the stimulus bill. And the other thing is, whether it is the National Endowment of the Arts or some of the STD funding or contraceptive funding, all we did was just tee up ammunition for the other side to tear this thing down. And I would like to think we are smarter than that. I’m hopeful on the Senate side we will be smarter than that.

Two clips, one from the Senate floor and the other hammering the point home in populist terms (“common sense”) on MSNBC.




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She’s not going to drag out Michael J. Fox again, is she?

RobCon on January 30, 2009 at 7:34 PM

Ironic that this comes from one of THE most airheaded senators ever? I mean, have you heard this woman in a debate? she’s very nice and motherly, but how she managed to beat a bookworm like Jim Talent is insanity.

McKaskdull is no one to talk about moronic.

Drunk Report on January 30, 2009 at 7:35 PM

Makes sense.

tneloms on January 30, 2009 at 7:35 PM

Senator, who voted to give them the money and you are calling them idiots?

RobCon on January 30, 2009 at 7:36 PM

Democrats did the same thing with wage caps during WW2. From that genius plan we now have the medical insurance industry.

They’ll just get deferred salaries, huge benefits or more stock. Big whoop.

Chuck Schick on January 30, 2009 at 7:37 PM

Too late for your feigned indignance. Too many people are realizing that the bailouts and stimuli are just crap to fatten the well-connected.

innominatus on January 30, 2009 at 7:37 PM

Prepare to have your CEO capped at $400,000, the same salary The One gets as president.

Great. The govt is going to cap a CEO’s salary of large multinational bank BELOW that of a mid-range equities trader or analyst. Should make for some interesting talk around the water cooler when a significant portion of the company makes more than the CEO. A sure fire way to attract the best and brightest.

moxie_neanderthal on January 30, 2009 at 7:37 PM

How about just not giving them the TARP money and calling it a day?

zmdavid on January 30, 2009 at 7:38 PM

THESE PEOPLE SHE CALLS IDIOTS ARE NOT AS STUPID AS THE IDIOTS THAT GAVE THEM THE MONEY WITH OUT ANY PRE-CONDITIONS.

Herb on January 30, 2009 at 7:39 PM

Claire “Hungry,Hungry Hippo” McCaskill lecturing people= Irony.

portlandon on January 30, 2009 at 7:40 PM

As long as there isn’t a load of crap piled on this bill all the congressional GOP should get behind it. It makes good political sense and it’s the right thing to do.

lowandslow on January 30, 2009 at 7:40 PM

Folks, the camel’s nose is in the tent. The federal “investment” in these private companies opens the door to federal meddling in the operation of their businesses.

Stand by for further managerial directives from the brain trust known as Congress. I look forward to hearing how savants like Barbara Boxer and Barney Frank will design our future automobiles.

Cicero43 on January 30, 2009 at 7:40 PM

“I think that there have been some mistakes made.”

…………… like “Social Engineering” pie in the sky Democratic political policies that forced banks and financial institutions to change their rules for lending to give loans to people who could not pay it back,

let it fester, grow, infect all aspects of our investment system…………………

………… and then put the American taxpayer on the hook for the complete financial collapse it would eventually cause, without informing them of what was happening?

Yeah…………. I would call that a mistake.

Oh, by the way,………. after Trillions are thrown at the problem,

……………. the initial cause still exists, and those executives from Fanny and Freddie have not been asked to pay back a $0.10.

Seven Percent Solution on January 30, 2009 at 7:41 PM

a hate filled politician for a hate news channel.

rob verdi on January 30, 2009 at 7:41 PM

If you dance with the devil, the devil’s gonna call the tune. Just say no to TARP

rbj on January 30, 2009 at 7:41 PM

Didn’t Congress just vote themselves a pay raise….?

http://thehill.com/leading-the-news/with-economy-in-shambles-congress-gets-a-raise-2008-12-17.html

NeoKong on January 30, 2009 at 7:42 PM

Yeah, I think the consensus from the conservative end is along the lines of “we shouldn’t have given them any money to begin with, but we did and we sure as hell didn’t tell them what they could do with the money so fool me once, etc.etc…”

Moxie also details the point well that you can’t run a business like a bank from the middle on down. CEO’s making 400K will be earning less than middle traders/analysts? Why would you continue to work somewhere like this?

I understand that at the time these bailout were “necessary” but there is a reason that most people have knee-jerk reactions to the government handing out money to corporations like this on such a massive scale.

And it’s a good reason.

Tman on January 30, 2009 at 7:43 PM

Do these people really have time to run financial institutions and be in the Senate? If they had let them go out of business then they wouldn’t be compelled to do all this CYA. And if their so damn smart why didn’t they just fire the folks the drove the business into the ground to begin with. Because it was their fault. Mistake after mistake after mistake.

Cindy Munford on January 30, 2009 at 7:43 PM

Add another tax cheater to the Obama administration

http://blogs.abcnews.com/politicalpunch/2009/01/bumps-in-the-ro.html

An Era of Hate on January 30, 2009 at 7:43 PM

So, you are the brilliant CEO miricle worker capable of turning around a troubled bank — just what these banks need. Do you take the job at 400k when you services can command 4 times that in the open market? Stay out of business unless you know what you are doing.

tommylotto on January 30, 2009 at 7:44 PM

More Socialism Barack Obama style. No one’s allowed to make more money than him.

God I’m depressed.

Knucklehead on January 30, 2009 at 7:45 PM

I don’t think it will work. Which CEO’s pay will you cut. Some companies have more than one. I am sure someone will find a way around it.

OT
Hey why don’t the dems pay taxes. Isn’t it patriotic to do so. Or at least that is what we are being told. There is a headline on Drudge that Daschel made a mistake and forgot to pay some taxes. Wonder if it is turbo taxes fault again.

Brat4life on January 30, 2009 at 7:45 PM

My mother refers to her as “McCrack-Skull,” so have fun with that.

Anyway, if you take hand-outs from Democrat lawmakers, kiss any freedoms you may have had “good-bye.” Also, watch all the competent executives migrate to non-bailout companies for their pay, thus forcing the “Obama-McCain Equality In Management Act,” thus making all companies into bailed-out companies.

TMK on January 30, 2009 at 7:47 PM

I was waiting for this tactic to be used.

Remeber liberals only like capitolism when
they are in control of the purse strings..

Notice she never mentions the 650 million obama STILL has in his war chest for an election he already has won????

Notice she never mentions all of the Rich senators who just happen to have gigantic endowment or trust funds
which are TAX FREE

Most liberals have this setup so no matter what they pass
a. they wont pay a dime in income tax
b. all of their benefits are paid for at us taxpayer expense
c. they even get free food and drinks while working
hell half of the senate is DRUNK or passed out when they are writing new laws..
D. then when they retire they get (ohh a retirment system that would have made) SADAMN hussein Jealous..

Of course for Cough GAG new members of congress they got shafted by the libs
Cant have too many sticky fingers in the pot..

So i find their argument BOGUS BECAUSE
1. they already have millions in the bank
2. their pay 400k per year is puppy food.
3. their retirment isnt based upon a bankrupt social security
4. they dont use medicade (oh no they go to a naval hospital) (apparently they dont want to wait in the ER)
with all of the Illegals they just gave free health care too

So yes republicans were wrong FOR NOT watching the chicken coop while their freinds Killed and COOKED all of the chickens inside of wall street..

But the liberals are even worse
because their moral stance is
We arent ripping you off..
No (they did that 3 years ago)..

jcila on January 30, 2009 at 7:48 PM

How about just not giving them the TARP money and calling it a day?

zmdavid on January 30, 2009 at 7:38 PM

A-FREAKIN’-MEN

Tim Zank on January 30, 2009 at 7:48 PM

What’s next? Capping salaries of anyone who gets a tax refund, welfare or food stamps?

Carl on January 30, 2009 at 7:50 PM

As long as the CEO can get options with strikes at the current price then they should be able to get by on $400K and reap the rewards when their stocks recover.

dedalus on January 30, 2009 at 7:52 PM

By the way………..

……….. the Democrats wrote the TARP bill in the first place. They were/are in the majority.

Any lack of accountability or transparency that was not written into the law…………

…………. they own that, too.

But you just don’t see that on the cover of TIME with Mr. Obama…….

…….. do you?

Seven Percent Solution on January 30, 2009 at 7:52 PM

I never got my stimulus check from last year..
The irs screwed that up ..

then i never got the 6 dollars they promised me
for all of the trouble..

i think pelozi sent it down to mehico..

So i sent an urgent appeal to the messia asking him for 10 million in unallocated TARP money

you see i need a bail out too
My ass – ets are in trouble..
Its a HUGE ass – - et problem
and no preperation H wont fix it..
(the dems sent the entire factory to the phillipines)
sheesh their idiots..

jcila on January 30, 2009 at 7:52 PM

What’s next? Capping salaries of anyone who gets a tax refund, welfare or food stamps?

Carl on January 30, 2009 at 7:50 PM

I’ve always assumed they cap salaries of people who get welfare and food stamps. Kind of defeats the whole purpose if a guy earning $150k a year is eligible.

Cicero43 on January 30, 2009 at 7:53 PM

Fox: Obama asks Joint Chiefs of Staff to cut the defense budget by 10%.

amerpundit on January 30, 2009 at 7:56 PM

The people who wrote that TARP bailout thing are IDIOTS…

RalphyBoy on January 30, 2009 at 7:56 PM

Of course, the flap over bonuses is mostly populist demagoguery, as even the AP is now admitting. That’s like saying a waiter at a restaurant shouldn’t be allowed to receive a tip because he receives subsidized student loans.

DaveS on January 30, 2009 at 7:59 PM

So the CEOs just set up websites that accept credit cards, and disable the security features, right?

malclave on January 30, 2009 at 8:02 PM

Seven Percent Solution on January 30, 2009 at 7:52 PM

That’s right, wasn’t it our brand new wiz bang Treasury Secretary Tim, the tax cheat, Geithner?

Cindy Munford on January 30, 2009 at 8:02 PM

If a company takes TARP money and the CEO gets paid more than will be allowed by law, are they still eligible to serve in Obama’s cabinet?

zmdavid on January 30, 2009 at 8:03 PM

These people = Republican racist term.

Madame Senatrix, better check your Obama Manifesto stat. This language ist verboten.

Terrie on January 30, 2009 at 8:03 PM

I agree with her. No corporation getting tax dollars should hand out 18 Billion in executive bonuses. And the government itself, looking at monsterous debt should spend one trillion dollars they don’t have on pet projects. They shouldn’t be “kicking the taxpayers in the shins.” Uh, right McCaskill??

Dollayo on January 30, 2009 at 8:04 PM

If McCaskill will let the CEO’s keep their POTUS-like perks of private jets and personal staff-as well as pick up the tab on a primary residence comparable to 1600 Penn Ave some CEO’s might find it workable.

dedalus on January 30, 2009 at 8:04 PM

Unfortunately, it seems barely over 50% of Missouri voters are idiots. Please redeem yourselves!

SouthernGent on January 30, 2009 at 8:05 PM

On this position, I agree with her.

hadsil on January 30, 2009 at 8:06 PM

great idea

Noneya on January 30, 2009 at 8:08 PM

At least one of these lefty kooks does not want to have history place the blame on her.

To be sure history will call these pokers for what they are.

FireBlogger on January 30, 2009 at 8:09 PM

Wow, a dumb blonde party hack with a clothing problem…..and no snark from AP!!

Exit question: Who’s more fun to dump on? Palin or McCaskill?

Cody1991 on January 30, 2009 at 8:11 PM

Dollayo on January 30, 2009 at 8:04 PM

I agree with her. No corporation getting tax dollars should hand out 18 Billion in executive bonuses.

Who lied to you and said that they were “executive bonuses”?

DaveS on January 30, 2009 at 8:12 PM

I can’t wait for GE to ask for TARP money and everyone at O-NBC will have to take a pay cut. HA!

Anyway, GO STEELE!!!!!

Lance Murdock on January 30, 2009 at 8:13 PM

Why doesn’t she just spit on the CEOs?

bloggless on January 30, 2009 at 8:14 PM

Cindy Munford on January 30, 2009 at 8:02 PM

Yeap………. and now we have a corrupt liberal Democrat bureaucrat in charge of our entire financial system.

…………… happy?

Seven Percent Solution on January 30, 2009 at 8:15 PM

Why doesn’t she just spit on the CEOs?

bloggless on January 30, 2009 at 8:14 PM

Or sit on them! ;-)

SouthernGent on January 30, 2009 at 8:28 PM

The problem with this is the reason the banks are in such bad shape is because of the Democrats messing around with the free market. So they have created the problem and continue to “fix it” by doing even more messing with the free market. Some people would cheer this, I don’t.

Maxx on January 30, 2009 at 8:29 PM

Seven Percent Solution on January 30, 2009 at 8:15 PM

Thrilled, but I knew that I would be. These people suck swamp water.

Cindy Munford on January 30, 2009 at 8:30 PM

Shame on The President and Barney Frank for getting us into the mess in the first place.

- The Cat

MirCat on January 30, 2009 at 8:33 PM

How can the CEO’s run a tight ship if the government continues to force them to make bad loans? This is just gamesmanship by the Democrats to place the blame for this crisis on the private sector when the fact is, the Democrats did it.

Has the law ever been repealed that forces banks to make bad loans? That’s where to start, not this stupid ploy to shift blame.

Maxx on January 30, 2009 at 8:34 PM

Again, if Obama can get a pay raise and he caused this problem, then I don’t see any problem with the victims of his crimes paying their CEOs whatever they want, regardless of Government attempts to make them whole again.

unclesmrgol on January 30, 2009 at 8:34 PM

I’m not saying anything until the dems start to pick on the chairman of Bushmaster™, then it will be game on.

Bishop on January 30, 2009 at 8:44 PM

McHackShill? I’ll pass.

BKennedy on January 30, 2009 at 8:45 PM

Senator, who voted to give them the money and you are calling them idiots?

RobCon on January 30, 2009 at 7:36 PM

Thank you for pointing out the obvious which might explain why she and so many others in Congress are oblivious to it.

Yakko77 on January 30, 2009 at 8:56 PM

Somebody, please . . . get these scumbag politicians out of my capitalistic, free market economy.

rplat on January 30, 2009 at 8:59 PM

“And I would like to think we are smarter than that. I’m hopeful on the Senate side we will be smarter than that.”

Well Claire, so far you folks are batting 1000 in the ‘stupid’ category.

GarandFan on January 30, 2009 at 9:03 PM

DaveS on January 30, 2009 at 8:12 PM

I think you got me on that. Although I’m certain some went to executives but some might have gone to the rank and file. I should have said “employee” instead.

Dollayo on January 30, 2009 at 9:18 PM

Hmmm…. I’d really need to see the list of the pay outs… but..

Do they realize that many many Sales types get a large portion of their salary as “bonuses”?

Romeo13 on January 30, 2009 at 9:19 PM

So, let me get this right – no CEO should make more than $400,000 with all their benefits included, etc. So what do the Senators/Congressmen make with all their benefits? Let’s talk about that, including the plane trips to wherever they have “fact finding trips”. Let’s take that on too. Bring it on Claire – you boob. What’s wrong with you people in Missouri?

suzyk on January 30, 2009 at 9:21 PM

Hey Claire!
YOU gave them the money.
YOU gave it to them with no oversight.
YOU, madam, are an idiot.
Now, are YOU going to also stop these idiots from making campaign contributions to YOU idiots?
Didn’t think so.

JeffinOrlando on January 30, 2009 at 9:31 PM

Where are the shareholders when these executives went running to the giant teats of government?

Come on, had the sucking reflex too. They should have been staging a shareholder revolt, but the squealed like piglets to get a teat.

I hope the shareholders lose every penny they had. Every penny.

The time to act was last summer. The whole lot of them can go to hell as far as I’m concerned.

jeff_from_mpls on January 30, 2009 at 9:34 PM

I don’t have any sympathy at all for CEOs stealing money from US taxpayers. If it were me, I’d demand the scalps of all TARP sucking CEOs and would chase them down to disgorge their 08 bonuses.

Don’t like it? then take your damn hand out of my pocket.

james23 on January 30, 2009 at 9:35 PM

all we did was just tee up ammunition for the other side to tear this thing down.

Oldest trick in the book. Called the “hairy hand” technique. A King was having a portrait painted by the resident artist. This artist knew the King was a pain. So he painted extra hairs on the Kings hand. The King was looking at the finished painting and said “I like it except for the extra hairs on my hand”. The artist said no problem and fixed it in a few moments and the King was happy.

That is why this Pork Bill must be gutted. Of course the democrats will try to shrink the tax cuts and not want to throw out the pork. Why do we want to go deeper in debt and create bigger government? We must freeze government in it’s tracks. Government is a spender not a producer. It’s like having 40 year old kids in the house that never moved out and don’t have a job. The only thing I want my government to do is keep me safe so I can provide for my family. I have never used a government program and don’t intend to start now.

izoneguy on January 30, 2009 at 9:37 PM

This is a smoke screen to distract from the unpalatable “stimulus”, an attempt to fan the flames of class warfare to make their socialist power play more attractive, and a distraction from the true cause of this mess, namely failed Democratic policies.

Mostly the class warfare thing. It’s their favorite tactic.

hillbillyjim on January 30, 2009 at 9:42 PM

In their greediest moment, all of the CEO’s on Wall Street combined couldn’t do one one millionth of the damage that Barney Franks has done to this country.

Why isn’t the outrage directed toward the perverts in government who destroy America.

notagool on January 30, 2009 at 9:44 PM

I’m kind of thinking that the government didn’t mind TAXING those bonuses at what 36 -40%?????

ctmom on January 30, 2009 at 9:46 PM

Great. The govt is going to cap a CEO’s salary of large multinational bank BELOW that of a mid-range equities trader or analyst. Should make for some interesting talk around the water cooler when a significant portion of the company makes more than the CEO. A sure fire way to attract the best and brightest.

moxie_neanderthal on January 30, 2009 at 7:37 PM

In the spirit of ‘if you don’t want to hear the answer, don’t ask the question,’ they could always stipulate that NOBODY in the company gets over $400K if it receives TARP funds.

That would make the company’s death quick and relatively painless instead of prolonging the agony over several TARP infusions.

James on January 30, 2009 at 9:48 PM

I love reading the comments supporting this outrage.

Well, the majority of Americans are outraged and once again the right are dead wrong.

Of course, the party of no will vote against everything the President tries to do to clean up another bush mess.

getalife on January 30, 2009 at 9:52 PM

getalife on January 30, 2009 at 9:52 PM

Unless you are completely without common sense I’m sure you already know this, but one never knows when dealing with the likes of you so I’ll repeat what is already crystal clear:

The whole mess, lock, stock, and barrel, is completely the fault of failed Democratic policies aimed at social engineering which forced financial institutions to take on bad loans. Not Bush, not the CEOs, not Wall Street and not the Republicans who tried to put sensible restraints on Fannie Mae and Freddie Mac before the whole house of cards collapsed.

getaclue

hillbillyjim on January 30, 2009 at 9:59 PM

Hey Claire!

YOU gave them the money.
YOU gave it to them with no oversight.
YOU, madam, are an idiot.
Now, are YOU going to also stop these idiots from making campaign contributions to YOU idiots?
Didn’t think so.

JeffinOrlando on January 30, 2009 at 9:31 PM

Exactly!

Dollayo on January 30, 2009 at 10:01 PM

Perhaps we should label them financial terrorists to get you crazy kids on board.

getalife on January 30, 2009 at 10:12 PM

McCaskill is buddy-buddy with the Fox affiliate’s morning talk guy here in St. Louis, the conservative Jamie Allman, and appears on his show from time to time. She makes some sense every now and then but I find her to be a nanny state, class warfare liberal.

Metro on January 30, 2009 at 10:34 PM

This woman is such a horses ass that she could have introduced a bill to repeal the 16th amendment and I still wouldn’t care a crap about hearing her voice ever again.

Speakup on January 30, 2009 at 11:17 PM

Kudos to Senator Claire McCaskill for standing up today and laying into the CEO’s of every company receiving money from the TARP Fund. Upon receiving their hundreds of billions of dollars from the taxpayers to keep their totally #ucked up companies afloat, these men and women took billions of dollars in bonuses for themselves, bought $50 million dollar jets, and spent millions more redecorating their offices. Mrs. McCaskill is introducing a bill to cap the pay of all CEO’s who receive TARP funds at $400,000, the same salary as the president.

Mrs. McCaskill isn’t one of our favorites, but she certainly brings it home on this issue. Good job, madame.
- Russ Hargraves (rightupfront.org)

MB4 on January 30, 2009 at 11:40 PM

Two clips, one from the Senate floor and the other hammering the point home in populist terms (“common sense”) on MSNBC.

And wearing the same outfit in both…

Reducing her fatprint…

BigWyo on January 30, 2009 at 11:52 PM

STFU Claire.

I pay your salary and don’t have the ability to “cap” it when you screw up…

D2Boston on January 30, 2009 at 11:57 PM

I just caught a bit of CBS’s broadcast. They are ALL OVER the McCaskill/ Obama meme of irresponsible, evil CEOs. Gee… would have thought that they would have thought of this BEFORE writing blank checks to failing banks. Oh, but were it not for the hoooorrrrrible financial crisis and the immediate need for bailout money tomorrow (for 4 weeks) Obama likely would not have gotten his poll bounce back over McCain after Palin started trouncing him.

But, now that The One is in office, yup, that bailout stuff was a bad idea Congress was duped by the eeeeevilllll corporations who caused the mess in the first place. Yeah… right.

What happened to Barney Frank, Chris Dodd, et al and Fanny and Freddie? Oh… yeah… they are still in their seats and writing TARP II- Porkapalooza.

Up until now, I was skeptical about the theories that were saying that this is all part of an orchestrated plan by The One and his merry band of disciples to implement socialism under our noses.

Consider my skepticism gone.

Damiano on January 31, 2009 at 12:02 AM

When the hell will there be some accountability for those in government who forced this folly on the banking and credit industries of loaning to unqualified people and causing this MASSIVE economic SNAFU?

Let’s be Frank, as in Barney.

And Barry, as in Tyro-In-Chief.

Pointing at other, lesser weasels (who take taxpayer funds and give themselves bonuses for failing), is a clever way to deflect attention from the Uber weasels IN OFFICE who screwed up the free market system in the first place.

They all suck, but the idiot instigators suck more than the sleazy manipulators.

profitsbeard on January 31, 2009 at 12:16 AM

AP, you are a leftist. You’re for this.

I cannot believe this. It’s 1932 all over again.

People, the bonuses these CEOs are getting are contractually obligated. Those contracts were negotiated prior to all of this hullabaloo. You’re advocating the federal government step in to invalidate private contracts. Because it makes you feel better. It doesn’t accomplish a damned thing.

Claire McCaskill doesn’t have the foggiest clue how to do the jobs of those men and women she purports to rule with the iron rod of executive fiat. And yet, all of you are begging her to take up that weapon and punish the “big bad rich people” to do what, exactly? Make them run their companies better?

How? In what way? Defined by whom? You? Claire McCaskill? Barack Obama?

Get over your green-eyed beta male frustration before you get us all killed.

spmat on January 31, 2009 at 12:29 AM

Class warfare, at it’s most ugly and cynical. Moreover, capping these salaries won’t create a single job, nor feed even one hungry child.

Old Uncle Joe Stalin would be proud.

Rebar on January 31, 2009 at 12:48 AM

Old Uncle Joe Stalin would be proud.

Rebar on January 31, 2009 at 12:48 AM

Actually these CEO’s who run their companies into the ground and then pay themselves huge bonuses from the taxpayers (serf class) would fit in very well in keptocracy Russia.

MB4 on January 31, 2009 at 2:59 AM

People, the bonuses these CEOs are getting are contractually obligated. Those contracts were negotiated prior to all of this hullabaloo.

spmat on January 31, 2009 at 12:29 AM

So the legal arrangement was that if they ran their companies into the ground they would get big bonuses? And then the more they could leach from the taxpayers (serf class) the more they would get?

MB4 on January 31, 2009 at 3:05 AM

One PFC in serving in Iraq deserves more than these incompetent leaches.

MB4 on January 31, 2009 at 3:06 AM

Somebody, please . . . get these scumbag politicians out of my capitalistic, free market economy.

rplat on January 30, 2009 at 8:59 PM

Those in congress who want to end your “capitalistic, free market economy” could not possibly have better allies to do just that than these incompetent CEO leaches.

MB4 on January 31, 2009 at 3:14 AM

How can the CEO’s run a tight ship if the government continues to force them to make bad loans? This is just gamesmanship by the Democrats to place the blame for this crisis on the private sector when the fact is, the Democrats did it.

Has the law ever been repealed that forces banks to make bad loans? That’s where to start, not this stupid ploy to shift blame.

Maxx on January 30, 2009 at 8:34 PM

Much/most of this catastrophe was cause by all the derivatives (hyper leveraged gambling) and no one made them do that.

MB4 on January 31, 2009 at 3:18 AM

It doesn’t look like the Senator has passed up any meals…

I do agree that greedy CEO’s are out-of-control and something needs to be done. It makes no sense for a CEO to take a $50 million dollar bonus when his company is laying off people and is not showing a healthy profit. Or if his employees are not getting huge raises. However, this is non of the governments damn business…unless they give the CEO’s money to stay afloat…err…oh yea…nevermind…

sabbott on January 31, 2009 at 6:18 AM

Much/most of this catastrophe was cause by all the derivatives (hyper leveraged gambling) and no one made them do that.

MB4 on January 31, 2009 at 3:18 AM

Derivatives amplified the problem but they didn’t cause the problem.

hillbillyjim on January 31, 2009 at 6:30 AM

Democrats seem to love to suggest that the Wall Street sharks are all in the pockets of the GOP. But seriously, doesn’t a march larger share of political contributions from the financial services industry go to the Democratic Party?

Somebody needs to explain to me how Barney Frank and Chris Dodd are still in office? I think Glen Beck recently asked whether Dodd had been able to find his mortgage documents. I think he’s betting that he can hide in the tall grass while the media follow Blago, Palin, and the non-stop problems with Obama’s administration.

BuckeyeSam on January 31, 2009 at 7:21 AM

Politicians are such dopes. Go ahead and impose your stupid salary caps. As with the NFL, the cream will still rise to the top, and CEOs will find multiple ways of generating a higher salary: signing bonuses, stock options, deferred compensation, you name it.

The reason that the Dems hate businesspeople is because the chicken is always outfoxed.

EMD on January 31, 2009 at 7:51 AM

When are members of Congress going to roll back their last pay raise?

Obama should set an example for politicians and take no pay until we are out of the recession/depression…

albill on January 31, 2009 at 8:09 AM

Hmm, 400K cap like Obamas salary.

Does it come with a Tony Rezko land deal?

hawkdriver on January 31, 2009 at 8:10 AM

10 Days people just 10 days and the great “O” Dumbo is cutting Defense money. 4.5 Billion to Acorn and 55 billion less for national Defense.

Time for another Tea Party folks.

This Guy will speed up the destruction of America as we older folks have loved and known it.

He is going to make sure the people laid off from the finace and low paying jobs rebuild your bridges and roads.
The Democraps say we are shifting high paying jobs overseas but they will not let us provide high paying jobs here in the Oil Refinery and Power Industries???????? They would rather keep the UAW in buisness and Union workers.

I worked overseas some and the biggest scabs I ever worked with were Union Card Holders.

Rick007 on January 31, 2009 at 8:20 AM

Ooooh McCaskill’s showing some spine, are we sure she’s a Dem. I’m impressed. And it seems she and Menendez are committed to a pork free stimulus bill and Pelosi’s about to get a smack down. Obama can sign a bill that most Americans will really be behind and the GOP will have hard choices to make. AWESOME. Also it’s spectacular to see a Dem politician *get it* about what pisses off Americans. Our representatives SHOULD be taking the pulse of America they represent us.

DeathToMediaHacks on January 31, 2009 at 9:14 AM

I just saw that clip on C-span.

Unbelievable. These people actually think they make sense!
The woman occasionally had a look on her face that was. “This is sooo obvious!..why hasn’t anyone thought of it before? Pure genius!” These are the quality of ideas you may get if you were to ask for suggestions to world problems from students in a grade school.

How.Do.These.People.Get.Elected?

Itchee Dryback on January 31, 2009 at 9:17 AM

How.Do.These.People.Get.Elected?

Itchee Dryback on January 31, 2009 at 9:17 AM

Because America has decided to reject corporatism as an economic strategy. Wake up and smell the national ideological shift and either deal or whine.

DeathToMediaHacks on January 31, 2009 at 9:18 AM

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