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Is he right or wrong? Obama's $500k salary cap

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Is he right or wrong? Obama's $500k salary cap

from JoeUser Forums

President Obama is trying to tighten up things that President Bush and the last congress (including then Senator Obama and his opponent Senator McCain) didn't when they were passing the bail out bill.  President Obama is pushing for a $500,000 salary cap for company executives that work for companies that will be taking tax-payer money.

Is this cap the right thing to do?  Should the government be imposing such things on company executives or should companies be free to decide what they pay?

politics
16,176 views 38 replies
Reply #26 from PolMach Forums Top

Quoting Adventure-Dude, reply 25

Personally I think it would've been better if the government didn't have a bail out in the first place though - let the greedy execs lose their jobs, it's the very least that they deserve.
What, I agree with Maudlin!?
End of Adventure-Dude's quote

Heckk\at my job if I drop a tree of peppy that is worth around 400 bucks i get fired.

Reply #27 from PolMach Forums Top

congress will not impose bonus restrictions in bill

 

Boom breaking out right now on the news I wonder if this is true....

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Reply #28 from JoeUser Forums Top

a tree of peppy
End of quote

a what of what?   (got no idea what it is and hopin i won't inadvertantly drop one myself.)

Reply #29 from PolMach Forums Top

Quoting kingbee, reply 3

a tree of peppy
a what of what?   (got no idea what it is and hopin i won't inadvertantly drop one myself.)
End of kingbee's quote

 

pepperoni.

Reply #30 from JoeUser Forums Top

had no idea pepperoni grew on trees. 

(betcha there are a buncha colorful slang terms for the people who pluck em when they're ripe.)

Reply #31 from JoeUser Forums Top

I think that's tree pronounced as in tray.  The young are trying to emulate the French these days, bein' as they wanna swap the StatLib for the EifTow & all (both French, interestingly).

Reply #32 from JoeUser Forums Top

But then there is the Free Enterprise argument of the Government not meddling in the affairs of private concerns beyond the constitutionally mandated regulations for trade, etc.
End of quote

What part of communism (government taking over business) has anything to do with "free enterprise"?

Reply #33 from JoeUser Forums Top

beyond the constitutionally mandated regulations for trade
End of quote

Precisely what 'Constitutionally mandated' regs would those be?

Reply #34 from JoeUser Forums Top

Precisely what 'Constitutionally mandated' regs would those be?
End of quote

 

Surely you've heard of the Commerce Clause? Article 1, Section 8, Clause 3?

 

This blog has a good review on exactly what is and what isn't intended in that role:

 

http://federalistblog.us/2006/08/busting_congress_interstate_commerce_myth.html

Reply #35 from JoeUser Forums Top

Surely you've heard of the Commerce Clause? Article 1, Section 8, Clause 3?
End of quote

Which was my point.  There's a difference between 'having the power' to do general things and a 'mandate,' which implies a requirement to do certain things.

Reply #36 from JoeUser Forums Top

the Free Enterprise argument of the Government not meddling in the affairs of private concerns
End of quote

anyone who's able to use a phrase like the above without grinning must either be irredeemably cynical or has not even a glimmer of a clue as to what transpired during september 2008 or both.

same goes for those whom--upon hearing the word "socialist"--think first of obama instead of hank paulson.

Reply #37 from JoeUser Forums Top

Quoting cactoblasta, reply 18


On the other hand, you're not going to find the best and brightest executives if you're paying them the same rate as low-end football players / baseball players or what many TV stars earn in a single episode...
I guess that depends on their motivation. You're a successful CEO - wouldn't you enjoy the challenge of turning around a once-failing company? The prestige alone would guarantee a healthy salary for your next role.

End of cactoblasta's quote

It would make an interesting seperate discussion.

In my limited experience, people are motivated by money, fame, or power (or some combination).

I'm not motivated at all by fame. Could care less.  I am mainly motivated by a form of power - freedom for myself.

Reply #38 from JoeUser Forums Top

irredeemably cynical
End of quote

 

guilty

 

as to "the Free Enterprise argument of the Government not meddling in the affairs of private concerns"

 

it's like faith. I acknowledge the existence of its belief and or intent and rank it up there with other mystical ideas/beings, etc. such as unicorns, et. al.