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RobJohnson
02-04-2009, 09:53 AM
http://media3.washingtonpost.com/wp-dyn/content/photo/2009/02/04/PH2009020400653.jpg


WASHINGTON -- President Barack Obama wants to impose a $500,000 pay cap on executives whose firms receive government financial rescue funds, a dramatic intervention into corporate governance in the midst of financial crisis.

The new restrictions, described by an administration official familiar with the new rules, are to be announced Wednesday morning at the White House. The steps set the stage for the administration's unveiling next week of a new framework for spending the money that remains in the $700 billion financial rescue fund.

"If the taxpayers are helping you, then you've got certain responsibilities to not be living high on the hog," President Barack Obama said Tuesday.

Max Wage? (http://www.washingtonpost.com/wp-dyn/content/article/2009/02/04/AR2009020400436.html)

tacitus
02-04-2009, 01:03 PM
Mr. President the tax payers are paying you and that gang of crooks in CONgress. Start at home and clean your own house first you "Pelosi".

wiegenlied
02-05-2009, 05:58 AM
Huffington Post, Nick Sabloff, Feb 4 2009

Speaking with Larry King Wednesday night, Donald Trump defended President Obama's move to limit pay for executives receiving bailout money, calling the move "absolutely right."

Video: http://www.huffingtonpost.com/2009/02/04/donald-trump-obama-absolu_n_164120.html

What does everyone think of Mr. Trump's opinions?

RobJohnson
02-05-2009, 08:39 AM
Huffington Post, Nick Sabloff, Feb 4 2009

Speaking with Larry King Wednesday night, Donald Trump defended President Obama's move to limit pay for executives receiving bailout money, calling the move "absolutely right."

Video: http://www.huffingtonpost.com/2009/02/04/donald-trump-obama-absolu_n_164120.html

What does everyone think of Mr. Trump's opinions?

The only pay the gov't should be allowed to regulate is gov't employees!

tacitus
02-05-2009, 11:01 PM
Looks like O didn't take my advise. Apparently it's perfectly OK for the DEMOCRATS to waste tax dollars for their meetings, but heaven help the financial institution that wastes tax dollars. Bunch of hypocrites!:mad:


A day after banning corporate executives from earning more than $500,000 a year via taxpayer bailouts, Mr. Obama on Thursday will head to a Democratic retreat that has burned through half a million dollars in taxpayer cash for annual retreats at luxury resorts.
...
Mr. Obama will head to Kingsmill Resort and Spa in the historical Virginia city to start a three-day planning session. The resort boasts multiple championship golf courses, a full-service spa and six restaurants, noted the Hill newspaper, which broke the story about the Democratic retreats.

Democrats will ride together to the resort on a chartered Amtrak train at a cost to taxpayers of about $70,000, the Hill reported. Taxpayers will also foot the bill for security helicopters to fly above the train. The caucus will spend thousands: In 2003, for example, they spent $11,200 on food and $6,900 on entertainment, the paper said.



link (http://washingtontimes.com/news/2009/feb/05/apologies-no-more-obama-in-combat-mode/?page=2)

Radix
02-10-2009, 11:11 PM
Does this mean that when I win a million dollars in the lotterry, I only can half of the money?