Silly Rabbit

So much for the “just for tarp recipients.”
You don’t appoint a “pay czar” unless you have some big plans. I guarantee this is just the beginning.

http://www.nytimes.com/2009/06/08/business/08bank.html?_r=1&partner=rss&emc=rss

Advertisements

7 Responses to “Silly Rabbit”

  1. urstupidnourstupid Says:

    I find your “paranoia” a little worrisome. I mean, why not just come out and say that Obama is trying to permanently infuse Socialism into the corporate machine? Join the cacaphony of right-wing voices and call him a Socialist. If that is what you believe, then say it. What do you think his endgame is? Do you believe that his political philosophy is one that TRULY believs permanently running GM and permanently overseeing executive pay is the best way for corporationss to operate? It’s interesting that you mock those who believe in climate change–“Oh that is the biggest scam ever seen…they think the sky is falling” when there is some pretty solid scientific evidence, proven over time, yet you are frantic about this 6 month old financial situation and see the sky falling all around you and a president trying to fundamentally change US capitalism for the worse. I hope you are not as freaked out as you seem to be.

    By the way, JPMorgan, Goldman Sachs Group Inc. and American Express Co. and seven other banks will be repaying billions in TARP today.

  2. urstupidnourstupid Says:

    Since this is in response to my post I will be specific. The other day you claimed that if a company receives tarp funds, the government has the right to regulate their pay. Recently Obama has appointed a pay czar and has regulations coming out that limit compensation to all financial companies. I don’t see the need for a pay czar just to limit bonus’s to a handful of executives on wall street. Do you? It is evident to me that their will be further regulations on compensation down the road. So, you either believe that this is a good thing or not.

    I think Obama has socialistic tendencies (if that’s a word). There I said it. Am I a right wing nut? Maybe. I’m just giving you the evidence as it comes along. You can call right wing maniacs poison, but the reality is Obama believes in big government and control over major industries. I don’t. I think there are better ways.

  3. urstupidnourstupid Says:

    You said…
    “regulations coming out that limit compensation to all financial companies”

    Really? This is what you believe? Regulations that will LIMIT COMPENSATON TO ALL FINANCIAL COMPANIES? Really?

    Do you think a company who received TARP money should have any restrictions placed on it? (I understand you’re talking about non-TARP companies previously, but just curious). If a company whines about the restrictions don’t you think you shold say “Shut the fuck up–you shouldn’t have taken the money!”

    And why have you chosen to arbitrarily label Obama a Socialist when Bush increased spending (in a non-emergncy time) as much or more than Obama? Is Bush therfore also a Socialist? He must be if your definition of a Socialist is government spending. Massive deficits. Record spending. Company bailouts. So let’s hear it. Bush was a Socialist! It’s the ideals, right…not the person?

  4. urstupidnourstupid Says:

    You obviously didn’t read the article I posted. The article reports regulations on compensation are coming out for ALL financial companies. You don’t appoint a Pay Czar to handle a small task. You appoint a czar to combat drugs, overhaul health care.

    You need to get your facts straight about increased spending as well. The largest budget deficit that Bush ever let pass as President was 400 million (which is really really bad.) The estimated budget deficit for this year is now at 1.8 trillion. This is based on a ridiculous estimation of unemployment at 8%. The current unemployment rate is 9.4% so it is likely that the deficit will increase with less revenue coming in. That is over 4 times the largest deficit ever.

    No wonder Obama can say one thing and do the other.

  5. urstupidnourstupid Says:

    Dude I read the article three times. You are so frustrating…you know the deal is to lend money (increase the deficit) so it sparks confidence, credit, capital, spending, so the companies turn a profit, repay the money and provide tax revenue. You know what’s going on–even an idiot like me who needs a book called Basic Economics knows the deal. It’s so dishonest and misleading to act as though Obama just waltzed into DC when everything was peaches and cream and just started spending and taking over companies. NO! Your free market idealogues really fucked things up–and left a young, liberal president to clean it up. And that’s what he’s trying to do. I can’t keep having this arguement with you over and over…you know what’s going on.

  6. urstupidnourstupid Says:

    The premise was that Obama has socialistic tendencies. My evidence is a “pay czar” and regulations that allow the Fed to regulate compensation for all financial companies. Your response was:

    “Really? This is what you believe? Regulations that will LIMIT COMPENSATON TO ALL FINANCIAL COMPANIES? Really?”

    When I pointed out that yes, according to the NY Times, that is what the administration is doing then you changed the subject and blamed it on free market ideologues.

    We shall see how this all unfolds but I think you are sadly mistaken about Obama. I hope you are right that this is just a Keynsian stimulus and that all will be turned around when the economy gets on track. But I don’t think so. A “Pay Czar”?????? I don’t think so.

  7. urstupidnourstupid Says:

    Well…did you read the news today? Ha ha!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: