The conservatives are arguing that the Tarp was the wrong thing.
Instead of seeking what is right you are willing to cheer on what is wrong so long as they do "this part" right...
U.S. Said to Order Deep Pay Cuts at Bailed-Out Companies
- Thread starter Topspin
- Start date
Instead of seeking what is right you are willing to cheer on what is wrong so long as they do "this part" right...
Sammy Jankis
Was it me?
The conservatives are arguing that the Tarp was the wrong thing.
Instead of seeking what is right you are willing to cheer on what is wrong so long as they do "this part" right...
But the tarp horse is out of the gate, and no conservatives were against it at the time.
Now, in this new reality created by the tarp, it is now wrong to let these executives get what they were, considering their failure.
Socializing losses and privatizing profit is just a screw job. You know that. Don't be purposefully obtuse.
FUCK THE POLICE
911 EVERY DAY
TARP was the greatest wealth transfer from the taxpaying class to the upper class in American history.
Sammy Jankis
Was it me?
It sucked balls.
FUCK THE POLICE
911 EVERY DAY
Agreed.
Cancel 2018. 3
<-- sched 2, MJ sched 1
lol...arguing against government control now makes one a fascist
Sammy Jankis
Was it me?
Yes. It does. It's absurd to use free market arguments after accepting a bailout.
What planet do you live on? Most Rs voted against it, Bush got it passed because McCain and Obama were on his side, the Ds wouldn't vote for it if McCain had been against it, they didn't want to carry that load on their own.
Fire the executives that drove the company into the ground, don't reward them, then later try to make it look better by holding down compensation more than a year after they've already gotten most of their bonuses.
And that was my point, arguing that they do "this part" right of the socializing losses is weak. It doesn't make what has already happened any better.
Sammy Jankis
Was it me?
They can afford to vote against it when ultimately they know it will pass. It's a show vote. This is how congress uses the two party system to placate the bases.
Since firing them didn't happen, this is better than nothing.
Your "all or nothing" mentality is idiotic, just like it is in the context of affirmative action which you say your against, but are unwilling to support the simple action of adding whites and males to the protected list to nullify it's discriminatory effect.
Give it up, damo, everyone sees right through you.
What part of firing the failed executives rather than reaching well past constitutional authority into their business is "all or nothing" or doesn't face up to the current reality?...
You are now being deliberately stupid. The people you want to punish already have gotten their bonuses, the ones that replace them are either worth what other executives get or shouldn't have the jobs. This is like lobotomizing the companies and thinking you've done a "good thing" because they got TARP money...
It's foolish. If you want these places to get out from under the government's thumb, creating incentive (and insuring they'll never be able to draw) for the best to leave isn't the way to make that happen.
Restructure and pay them for success rather than trying to punish the people who took over for the failures.
Sammy Jankis
Was it me?
All of it.
Your stupidity is more tragic because it's not intentional, you were born that way.
FUCK THE POLICE
911 EVERY DAY
The government has no constitutional authority to do this.
Just tell me WHERE in the constitution it says they can steal from these execs?
Just tell me WHERE in the constitution it says they can steal from these execs?
Sammy Jankis
Was it me?
The same place it says they can use tax payer money to bail out failing corporations.
Sammy Jankis
Was it me?
There will be no incentive for managers to keep companies solvent if they can get government money and still afford their rock and roll lifestyle.
Let them leave. they suck anyway.
Let them leave. they suck anyway.
Cancel 2018. 3
<-- sched 2, MJ sched 1
thats just plain stupid....i guess if someone gave you some money when you were in need....they now own you and can dictate how you live your life
its a loan, not a slave purchase
Sammy Jankis
Was it me?
You're plain stupid.
There will be no incentive for managers to keep companies solvent if they can get government money and still afford their rock and roll lifestyle.
Let them leave. they suck anyway.
Cancel 2018. 3
<-- sched 2, MJ sched 1
so cutting their salaries gives them incentive....lmao...you're cuckoo for obama puffs
the companies already recieved the money, this is just pure partisan politic bullpuckey
amazing how you believe a loan gives someone authority over the other person's life...i doubt you're debt free...so do you support one of your creditors telling you how to live?
Sammy Jankis
Was it me?
Yes. It's called a punishment.
This is not a loan in the private sector.
There will be no incentive for managers to keep companies solvent if they can get government money and still afford their rock and roll lifestyle.
Cancel 2018. 3
<-- sched 2, MJ sched 1
how far do you bend over for your creditors?
that should be up to the company, not the government you fascist
Sammy Jankis
Was it me?
Fascism is using taxpayer money to cover over the mistakes of overpaid fuckups, who face no consequences for their failure. You cannot use free market arguments with one hand in the public trough.