OBAMA and his Socialist ideas at it again...

[djmerc]

So NOW Obama is up for limiting the the pay to top executives receiving bailout to $500,000?!?! Don't get me wrong, they shouldn't receive a BONUS being a bonus is for an exceptional job which they haven't done. The government limiting the amount of money people make is SOCIALISM

Comments

[rocktard]

dood they are limiting the amounts of companies that accepted money from the GOVERNMENT. Not everyone! They took the money, they now have to accept the terms of use with the government money. If they didn't fuck up in the first place they wouldn't need a bailout, whoever bails you out gets to define some terms for giving you that bail out-these are some terms.

[djmerc]

Like I said, a slippery slope. I know it's for companies that accepted the government money. Nix their bonuses, no the salary. But where might it end being this is just the begining. Colleges accept money from the Federal Government. Could they be next by limiting administrators, professors & coaches? Obama preached "redistribute the wealth". It's almost like getting his foot in the door to do more.

[rocktard]

you cant so niave to think that they dont already have to jump through hoops and change things to qualify for that money, nevermind that the money given doesnt already have outlined allocations. this is not a slope to government salary caps for private or public companies-this is an instance of a failing company at it last option-partnering with a powerful and potentially controlling partner at that. im on my phone and this is a pain, more later

[nisroch]

Government imposed salary caps will never happen in the US, there's a long post of failures which warn against it.

Besides if these companies are gong to accept govt $$ then there should be some strings attached and the govt should have some say in bow they spend that money.