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CherieLNiel says:
I so dislike the neccessity of this idea. Wall Street uses bonuses to get around the corporation taxation on exorbitant salaries. Bonuses are not are not subject to this limitation. Unfortunately Wall Street does not see anything wrong with reaping their reward while raping the client. And right now there is nothing in place to protect the client. We relied on their integrity. That was stupid of us. We need to stop being stupid and protect ourselves and our investments. Wall Street has the Viking call of: Rape, Pilage and Plunder. They still believe capitalism is linear not circlular. As long as they "have" they do not care what the rest of the economy is suffering. So we need (YUCK) to resort to our government taking control to protect the world economy from Wall Street greed.
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denn034 says:
Let me see if I understand. Politicians are dependent upon the wealthy and corporations for campaign funding and we're to believe that the Democrats really want to hurt their source of funding. Okay, who here believes that nonsense? Come on now!
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beaumuff replies:
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Who believes this nonsense, why that would be the obamabots. Even after 6 months they are still checking the mailbox for another free handout.
Joe_NY_15 replies:
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by beaumuff July 31, 2009 12:11 PM EDT

Actually, I thought Stimulus checks (what I call a tax cut) was part of the Obama stimulus plan, I guess not......But sending money to Hamas Group to rebuild Gaza Strip, was SOOOOOO much more important then the middle class in this country
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grabandgo says:
I guess our crooked Congress sees what Wall Street is stealing from us and wants a piece of the action.
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pubsrtoast says:
by credibility2 July 31, 2009 11:26 AM EDT
Why are sports and entertainment figures allowed to get paid egregious salaries for doing virtually nothing and especially when their teams lose and fail, or ticket sales are abysmal? Why isn't Congress talking about putting a cap on these overpaid individuals?

Because except for the odd stadium built with the help of tapxpayer funds, the entertainers and sports figures compensation isn't being directly financed by the unwilling taxpayer. Get it?
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credibility2 replies:
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No you don't get it. The point is is that Congress wants to ultimately control everyone's salary, but for now, nothing is being done to these bottom-feeder types in the sports and entertainment field. And, if I'm not mistaken, GE received a hefty form of bailout; GE owns plenty of entertainment mediums. Guess what, no idiots complained about this, but its current CEO has been responsible for GE's stock dropping over 50% and just because he's a good buddy to Obama, Obama goes and rewards the GE CEO and appoints him to his economic advisory group. No one in the masses heard about this, because OMG they weren't being pounded by the media and exposed. It's just like the businesses that went to Vegas or elsewhere for incentive reward's travel. Slammed over and over again by the common folk and media. But when the president and his party takes a lavish respite trip in January at the taxpayer expense, no common folk complain. The Repubs did the same thing, but very little taxpayer money was used to fund their extravagance. Get it straight, it's the principle, it's the point and you blind delusional neanderthal nincompoops don't see the larger picture. If the common folk are going to complain about egregious salaries and bonuses paid to just businesses, and never mind whether or not they received bailout money, they had better also complain about the sports and entertainment field for similarly being compensated with egregious salaries and bonuses. And, everytime a dim wit goes to a sports event or buys a CD or goes to the movies or rents a DVD, they are taxpayers supporting the egregious payout levels to sports and entertainers. I do get. Unfortunately, many others because they've been misled by the left-leaning media and believe everything they hear or read or see, because well gosh geez, that's so much easier than thinking independently and assessing all aspects pragmatically.
pubsrtoast replies:
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No you don't get it, every CD bought and movie or sporting event attended is YOUR CHOICE. Don't go and then these people won't be able to demand such huge salaries. Conversely, I as a taxpayer had NO CHOICE in bailing out the bankers that knowingly brought their firms to near collapse and then rewarded themselves with taxpayer funded bonuses. BTW, GE's financial arm got bailout money, not the entertainers.
credibility2 replies:
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But you did have control, but voting the people into office that made all of these decisions. And you still don't get the point do you? For Congress to even try and reign-in salaries is a very dangerous precedent to try and enact. The government and I don't mean the mealy mouthed whiny taxpayer who only rails delusionally against just Wall St. for their contributions to the economic crisis, while totally ignoring also laying blame at the greedy dolts on Main St.(like those that over-extended credit and now can't pay, or clearly living beyond their means, not being financially prepared for crises within their own lives, getting a mortgage they hadn't any right to have, defaulting on loans, willfully and now expecting taxpayers to bail them out, etc.; all of which greatly contributed to the economic crisis) is assinine, stupid and ignorant. Again, I get it, but you don't. I hope your precious politicians eventually catch up to you and cap your salary and make a judgment call as to your actual worth. You're exactly the type the government loves, since you can't be independent and rely, instead, on government fixes and meddling and control.
pubsrtoast replies:
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by credibility2 July 31, 2009 12:41 PM EDT
But you did have control, but voting the people into office that made all of these decisions.

Let's see a Republican started it and a Democrat finished it, well that's it, both parties are used up. I however want the fraud stopped, you are defending theft and fraud.

And you still don't get the point do you? For Congress to even try and reign-in salaries is a very dangerous precedent to try and enact. The government and I don't mean the mealy mouthed whiny taxpayer who only rails delusionally against just Wall St. for their contributions to the economic crisis, while totally ignoring also laying blame at the greedy dolts on Main St.(like those that over-extended credit and now can't pay, or clearly living beyond their means, not being financially prepared for crises within their own lives, getting a mortgage they hadn't any right to have, defaulting on loans, willfully and now expecting taxpayers to bail them out, etc.; all of which greatly contributed to the economic crisis) is assinine, stupid and ignorant.

Lets see, AIG underwrote the security of the derivatives and then didn't set any money aside to pay off it's "customers" when the whole system came crashing down. That is stupid behavior that should have been rewarded by prison sentences, not taxpayer funded bonuses.

Again, I get it, but you don't. I hope your precious politicians eventually catch up to you and cap your salary and make a judgment call as to your actual worth.

The "government" (especially conservatives) has been doing that for years with their guest worker programs and "free trade" BS that has resulted in both stagnating and declining real wages for the rest of us.
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pollroller1 says:
I think that WE THE PEOPLE need more say over our Congress and Senate.
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grabandgo replies:
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Welcome to the obama nation.
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credibility2 says:
Why are sports and entertainment figures allowed to get paid egregious salaries for doing virtually nothing and especially when their teams lose and fail, or ticket sales are abysmal? Why isn't Congress talking about putting a cap on these overpaid individuals? Will Congress monitor themselves and mandate a five-day, forty-hour work week with only two or three weeks off for a vacation? Will Congress mandate that able-bodied people on welfare and other government handout programs work at any type of job as a condition of receiving continued benefits? Businesses who received bailouts should immediately be allowed to pay back the monies they received so the government doesn't own and control them. Businesses aren't the slaves of the government. Businesses are the ones creating jobs and contributing to the economy through staff and the taxes they pay into the economy and the corporate taxes and investments made to the economy. Congress has absolutely no right whatsoever in trying to control and dictate to businesses what types of salaries and bonuses can be paid to their employees, including executive level ones. If Congress insists on this type of meddling, then what businesses will begin to doing is rightly eliminating large numbers of staff from their payrolls to preserve some form of independence from the punitive arm of government. This isn't what the founding fathers envisioned. Our inept Congress, with their horrific low approval numbers, had better rethink this, or the majority of them, Dems, will find themselves out of a job come next election.
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hungry1968-16 says:
by Joe_NY_15 July 31, 2009 11:11 AM EDT
The only think you are capable of teaching is a class on:

Liberalism-101 Effective Strategies on Destroying America






Yeah - just like I educated you on how, why, and when we got involved in WWII the other day, right?

Oh wait - that's right. We got involved because Hitler "posed a threat" to us, right?

Bwaaaa haaaa haaaa haaaa!!!!!
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Joe_NY_15 replies:
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How we got involved in WW2 ?

The question was how did Hitler attack us, you responded "didn't you hear of pearl harbor" ??

BWWaaaaaaaahhhh !!!! hah ha ha aha a ....Classic Libtard, never answering the question asked
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pubsrtoast says:
by Joe_NY_15 July 31, 2009 10:26 AM EDT

We DON'T have a democracy in this country, our government is a Representative Republic, so your point is pointless

And a good thing for you that it is. If we had a pure democracy, and the importance of the sparsely populated red states wasn't overly inflated, the Republican party would have died decades ago.
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tunaatlast says:
Another thing this country is a system like India. A caste system. Oh, you want a job, well you goy a blue dot, that means you can shovell s$$T from the donkeys. If you had a red dot you could be a rocket scientist. This world is too full of minimum wage people making good money.
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pepperwood2 says:
The report, "Sold Out: How Wall Street and Washington Betrayed America," concludes that the contributions were ?aimed at undercutting federal regulation? and ultimately ?led directly to the current financial collapse.?

If you think that all the Cheats & Tax Frauds in Congress now that are part of the problem are going to make a difference in a positive manner you had better think again. They're angry & appalled alright that this happened on their Watch. It enough to make you puke.
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3/5