Feb 4, 2009 8:00pm
Obama’s Proposed Wall Street Maximum Wage
EmailAngered last week by news of Wall Street bonuses, the President announce new executive compensation limits today.
Our "World News" report:
- jpt
Angered last week by news of Wall Street bonuses, the President announce new executive compensation limits today.
Our "World News" report:
- jpt
Romney Takes Aim at Conservatives 
CPAC: Romney Struggles to Convince Voters
uhh, huh, so what is a bailout if not reward for failure?
Posted by: bill-tb | February 4, 2009, 8:15 pm 8:15 pm
On the upside maybe there will be another one of these waiver processes.
Posted by: BertieW | February 4, 2009, 8:15 pm 8:15 pm
Obama, sees the wolves in the Hen House..
One of the biggest on WOLVES IS “CHENEY”..
He is now going after Obama tooth and nail. The dogs are out to get Obama because he is messing with the big boy hay day of WELFARE.
Cheney is trying to protect his buddies at Halliburton.
Obama has reason to worry.
Cheney shot his hunting buddy, don’t go to any event that Cheney will attend.
Posted by: Underdog | February 4, 2009, 8:40 pm 8:40 pm
Read the U.S. Constitution. It appears that Obama’s plan is unconsitutional. Investigate and report on that, Mr. Tapper. Obama has claimed to be a “constitutional law professor” at University of Chicago. He was not of course, he was simply a visting lecturer, employed there while he was engaging in Chicago politics.
Obama is such a disappointment. He should not have used the word “screwed” yesterday. It’s gutter talk and most certainly not Presidential. Obama must rise to the office he now holds and act Presidential.
Posted by: K | February 4, 2009, 8:40 pm 8:40 pm
Doctor Injured Badly in ‘Terrorist Attack’
I feel so much safer with Obama pandering to the terrorist now.
Posted by: scooter | February 4, 2009, 8:45 pm 8:45 pm
MAYBE MR OBAMA CAN EXPLAIN TO ME HOW CONGRESS JUST GOT A 2.9% RAISE IT SEEMS TO ME THE GOVERMENT ITSELF NEEDS AN OVERHAUL OH BY THE WAY THEIR NEW SALARY IS 124000 OUTRAGOUS
Posted by: kenny wisniewski | February 4, 2009, 8:46 pm 8:46 pm
Concerned in OH: “Meaning, lets just pander and not really do anything.”
“Thanks 0bama, you’ve shaved a decade’s worth of growth off the DJIA in just 2 weeks!”
Which one is it? He didn’t do anything, or he just killed the DJIA?
Posted by: jhw539 | February 4, 2009, 8:55 pm 8:55 pm
that decade’s worth of growth you’re talking about has been on the decline for over a year. I guess that whole period during the end of September and October when the Dow Jones plummeted the fastest over the past 30 years was nothing in compared to the relative steadiness it has been over the last 3 weeks. But thanks though.
Posted by: what the deuce? | February 4, 2009, 8:56 pm 8:56 pm
scooter
Doctor Injured Badly in ‘Terrorist Attack’
American UN worker kidnapped Monday in Pakistan,
Obama hiring crooks and tax cheats to run the county.
Obama makes you feel all warm and safe all over again to be an American.
Posted by: hello dolly | February 4, 2009, 8:56 pm 8:56 pm
K: “Read the U.S. Constitution. It appears that Obama’s plan is unconsitutional.”
I’ve read it an am not sure what you are referring to. Care to cite the section? Or just post the (short) relevant section (it’s not copyrighted so the mods will be fine with it). Thanks.
Posted by: jhw539 | February 4, 2009, 8:57 pm 8:57 pm
At least BUSH was able to pass a stimulus bill in less than a week.
Nobody in congress trusts Obama and his bungling ways.
Posted by: harry | February 4, 2009, 9:03 pm 9:03 pm
Since PBO, then CBO, boneheadedly promoted the first money giveaway, excuse cats, “economic stimulus”, back in 2007/2008, DJIA and the economy have both tanked more than 60%.
Our Greatest Smartest Leader is tripling the amount of yet another stimulation of porks. PBO stimulation does nothing, no sense, with pork fat grease all around it.
Posted by: two cats | February 4, 2009, 9:04 pm 9:04 pm
Stop bail outs. These executives will soon find the same job opportunities as the former Department of Justice head Gonzales.
Posted by: from the raft | February 4, 2009, 9:07 pm 9:07 pm
It’s a nice change from this morning’s Mea Culpa report on Obama.
Posted by: kathy | February 4, 2009, 9:09 pm 9:09 pm
Protest Obama and do not file Income Taxes.
2/3 of his cabinet picks to run this country have failed to pay income tax and are TAX CHEATERS.
Posted by: dennis | February 4, 2009, 9:12 pm 9:12 pm
Dennis: “2/3 of his cabinet picks to run this country have failed to pay income tax and are TAX CHEATERS.”
That’s just way too blatant a lie to be a good troll…
Posted by: jhw539 | February 4, 2009, 9:13 pm 9:13 pm
Cheney is trying to protect his buddies at Halliburton.
85% of the wealth is controlled by 13% of the wealth. The number controlling the wealth is falling.
Cheney and his buddies “BUSH FAMILY” ARE growing stronger.
Our tax dollars is making them richer.
Fools do as Fools do.
Cheney knows this… inject more fear to profit Halliburton.
Posted by: Underdog | February 4, 2009, 9:40 pm 9:40 pm
“It’s a nice change from this morning’s Mea Culpa report on Obama. ”
That was precisely the goal.
Posted by: BertieW | February 4, 2009, 9:43 pm 9:43 pm
And what will this “Executive Salary Cap” ultimately do to help stimulate the economy and assist struggling Americans?
Answer: Nothing.
And it’s likely unconstitutional since it interferes with American contract law. There’s a constitutional provision barring ex post facto (retroactive) laws (Article 1 Section 9).
Obama of all people should know this.
Posted by: Tony D | February 4, 2009, 9:52 pm 9:52 pm
It is not a good idea. The stock market keep going down, down, down since Obama became President about month ago. And it hasn’t done anything yet.
Posted by: anonymous | February 4, 2009, 10:00 pm 10:00 pm
“And it’s likely unconstitutional since it interferes with American contract law. There’s a constitutional provision barring ex post facto (retroactive) laws (Article 1 Section 9).”
Which is why it would apply to the current stimulus vs the one passed in Oct.
Posted by: Ryan C | February 4, 2009, 10:15 pm 10:15 pm
“It’s a nice change from this morning’s Mea Culpa report on Obama. ”
That was precisely the goal.
>>>>>>><
I agree with you on that, Bertie. Before you know it, the snark will advance again –I betcha in less than 24 hours.
Posted by: kathy | February 4, 2009, 10:30 pm 10:30 pm
Umm, how is our current economic climate the fault of the Democrats?
And why do you think govt money should be handed out without any requirements for responsibility to people who drive their own companies into the ground from their greedy practices?
All I see is our new Commander in Chief trying to get our country off the iceberg our last President ran it into. I still haven’t seen anything constructive from the other side either. If you don’t have anyting constructive to offer, then sit down and be quiet.
Posted by: jfa | February 4, 2009, 11:50 pm 11:50 pm
“It is not a good idea. The stock market keep going down, down, down since Obama became President about month ago. And it hasn’t done anything yet. ”
Worse- it is down 1200 points since he was elected. Wall Street doesnt have confidence, which means that they arent going to invest, which means no growth.
Obama needs to reign in his Community Organizer impulses, put together a proper plan, and then cheerleader the economy.
At this point I frankly think Pelosi is illiterate- with her 500 million jobs lost a month statement. Thats the second time she has said that and doesnt seem to get why it is wrong. Obama should start over in the Senate and bottoms up this thing and then give it back to the House to up or down.
Posted by: BertieW | February 5, 2009, 12:22 am 12:22 am
i cant help but laugh at all of this since now i am way past “scared”. i cant even believe my ears. the bailouts…a joke. i am tired of treating these screw ups like they are just getting caught in their ‘first offense’ and being treated like their crimes were ‘inadvertant’ choices AS OPPOSED TO THE TRUTH! these people made deliberate choices not to pay their taxes. that is bull. has anyone noticed that they didnt treat martha stewart like this? oh no……they sent her right to prison! which is why i am laughing, she came out of prison stronger than ever, did her time, has some self respect in knowing that she paid the price and it thrills me to death to see all these men that are being treated like babies, and standing there with their hands out looking for someone to fix what they screwed up. now is it just me or does anyone else see that the only reason why there has been any request for any bailouts is simply for job security for these FAT CATS and they will just do the same thing again? ISNT THAT WHAT THEY SAY ABOUT THE COMMON PERSON? PUNISH THEM OR THEY WILL JUST REPEAT THE CRIME! my goodness…if only i had been given these kinds of chances in life.
i suggest that people stop looking at the ‘promises’ and the things that are irritating us the most….because i think its simply a diversion for what is REALLY going on.
also, just something to think about….has anyone seen that as soon as someone “with power” (as obama put it) does something wrong or illegal (as in the tax evasion) all the sudden the media is running segments about how you might be doing this same thing and not knowing it? they bring on some tax specialist and ask them where the regular joe might be missing something when they file their taxes. that isnt the same thing!!! that is a load of crap too.
it seems that what is happening there is that they are softening the road for those who should be going to jail. just giving us a little food for thought and making their crimes not look quite so bad. i resent that.
kinda like everyone who just keeps on and on about how it will take obama the “full 8 years” to fix what the last administration screwed up. now wait just a minute…when did the presidential terms run for 8 years? i thought that it was 4 years. isnt that just a bit presumptuous? especially since the cabinet that obama is trying to build seems to be out of the criminal pool? unbelievable.
it isnt going to matter much anyway, obviously we have forgotten that the government was set up to WORK FOR THE PEOPLE OF THIS NATION…AS IN…A PUBLIC SERVANT…SEEMS THIS HAS TAKEN A HORRIBLE TURN TO THE OPPOSITE!! THEY ARE GOING TO OWN EVERYONE OF US BEFORE LONG.
its gone too far and now we cant even remember what the government is supposed to do.
George Washington is probably rolling over in his grave! i bet abe lincoln is too. no one should be pretending that they are thinking like ol abe.
this government system isnt working anymore. its got to be stopped.
change? i am not seeing it. more like a circus juggling act to me.
Posted by: kimberly | February 5, 2009, 4:09 am 4:09 am
The thing folks need to watch for is if these companies that receive the bailout funds end up going down regardless. At the same time, watch a struggling firm that did not receive bailouts and see which one comes back quicker, or fails all together.
Jake, any way you can track that or start a tracker? I think the American people would like to see, and know, if their tax dollars made a difference.
Posted by: KR | February 5, 2009, 9:31 am 9:31 am
DealBreaker has an amusing little estimate of POTUS compensation. They put it at $59M/yr (thats million for you Nancy Pelosi types).
Begin the clawbacks!
Posted by: BertieW | February 5, 2009, 10:11 am 10:11 am
Jake
What about George?
Posted by: drjohn | February 5, 2009, 11:53 am 11:53 am
Corporate America quickly pointed out that while the president also only makes $400,000 a year, he gets all sorts of extra perks and doesn’t have to pay taxes on them.”
Posted by: greedyologogoforit | February 5, 2009, 12:06 pm 12:06 pm
The cap does not apply to the executives in the present bailout – only to future executives in future bailouts.
Posted by: SO WHAT! | February 5, 2009, 12:28 pm 12:28 pm
THEY ARE VOTING ON THE RIP OFF PAK NOW!
Posted by: RIP OFF | February 5, 2009, 12:30 pm 12:30 pm
All I see is our new Commander in Chief trying to get our country off the iceberg our last President ran it into. I still haven’t seen anything constructive from the other side either. If you don’t have anyting constructive to offer, then sit down and be quiet.
————————————
jfa,
LOL…and the new President is learning what old found out. It is hard to steer the ship from the bridge, when the Pelosis, Reids & Franks are running the engine room with own agendas!!!
Posted by: Mike_C | February 5, 2009, 12:43 pm 12:43 pm
It is perfectly obvious to me that all salaries within any given society need to be tied to the minimum wage (also called the “living wage” in some of the more enlightened of our states). Thus everyone’s salary would be calculated as a multiple of that minimum wage. In order for the CEO to get a raise, it would be necessary to raise the minimum wage.
Posted by: Fred | February 5, 2009, 1:23 pm 1:23 pm