Glen Beck is an alarmist, a fear-monger, a true-blue Republican. He is not to be taken seriously, mainly because his hyperbolic style erases most of his credibility. If you can disagree with this statement from Obama, then you would appear to support corporate welfare, another form of socialism. "We don't begrudge anybody for achieving success. And we believe that success should be rewarded. But what gets people upset - and rightfully so - are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers."PRESIDENT OBAMA Notice the last sentence and tell us if you enjoy sending your tax dollars into Washington so that highly-paid executives of failed companies can use those tax dollars to maintain their lifestyles.
You miss my point and you obviously don't listen to Beck. He's said, and I agree, if any executive takes bailout money, then their their bonuses/compensation should be limited. But $500k is too much. Limit it to $100k. Make it VERY painful to become a corporate welfare recipient.You also fail to mention that the biggest reason for the banking collapse is due to Barney Frank, Chris Dodd, et al pressuring banks and mortgage companies to lend money to people who had no way of paying it back.
Actually, I'm more concerned about my tax dollars being used to maintain the lifestyles of tax-cheating politicians. At least the private sector produces something.
You guys overlooked one thing, and the Dems have hoped you would. Most executives I know dont really make the big haul in their salaries. So what he only gets 500k from now on! He will get bonuses and perks at 1 million apiece just like he did BEFORE Obama spoke. The joke is on us. We thought our government did something but, as usual, it is just smoke and mirrors.
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