U.S. Said to Order Deep Pay Cuts at Bailed-Out Companies

[Cancel 2018. 3]

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.

i never supported tarp and i don't support this you neo nazi fascist....i would never have thought you to support the government dictating how people should live...

i know you would never allow your creditors to tell you how to live....

 

[belme1201]

i never supported tarp and i don't support this you neo nazi fascist....i would never have thought you to support the government dictating how people should live...

i know you would never allow your creditors to tell you how to live....

....and from whence did most of the screams come from when it was discovered earlier in the year that unchanged executive bonuses had been approved even when receiving government funds in order to continue operating? Now the government wants to control it, and the bitching continues from the same hypocrites, now on a different tack, because of the simple fact that it has the Obama name on it

 

[Sammy Jankis]

i never supported tarp and i don't support this you neo nazi fascist....i would never have thought you to support the government dictating how people should live...

i know you would never allow your creditors to tell you how to live....

But the reality of tarp should change your opinion.

I didn't support tarp either, but since it happened, other things change as well.

You need to be more flexible in your thinking and recognize that is a moral hazard to allow execs to continue with their compensation packages despite their failure.

Allowing tarp execs to keep the same compensation is not a sufficient incentive to keep their companies OUT of tarp territory.

It is defacto fascism to allow an elite class of execs to use taxpayer money as if it's money they earned.

 

[Damocles]

All of it.

Your stupidity is more tragic because it's not intentional, you were born that way.

So, you really have nothing, that's what you are saying here.

"all of it" with no explanation is just an assertion with no facts. The reality is it makes more sense to fire the worthless execs who can't run companies rather than first letting them get huge assed bonuses then just cutting their pay over a year later.

Your "solution" is worthless rubbish, why do you defend their jobs? Why do you defend still further power grabs by a centralized government? Because you like that they are "punished" with their millions in bonuses collected between now and then.



You are sad and fell for the idiocy that this is even "punishment"... all it does is guarantee that the publicly owned companies will never be able to compete, it makes the jobs of executives a bureaucratic position, and wastes the money we "invested" in these corporations ensuring only the stupid and unqualified will ever lead them.

You support direct fascism in the name of "get those greedies" and ignore direct government abuse of power because you like who it was used against.... hypocrite.

 

[Sammy Jankis]

So, you really have nothing, that's what you are saying here.

"all of it" with no explanation is just an assertion with no facts. The reality is it makes more sense to fire the worthless execs who can't run companies rather than first letting them get huge assed bonuses then just cutting their pay over a year later.

Your "solution" is worthless rubbish, why do you defend their jobs? Why do you defend still further power grabs by a centralized government? Because you like that they are "punished" with their millions in bonuses collected between now and then.



You are sad and fell for the idiocy that this is even "punishment"... all it does is guarantee that the publicly owned companies will never be able to compete, it makes the jobs of executives a bureaucratic position, and wastes the money we "invested" in these corporations ensuring only the stupid and unqualified will ever lead them.

You support direct fascism in the name of "get those greedies" and ignore direct government abuse of power because you like who it was used against.... hypocrite.

What it does, damo the simple, is provide an incentive for execs to actually run their corporations properly.

If they get just as much when their corporations are taken over by government, there will be no incentive for them to succeed and stay private.

Allowing execs to have the same monies despite failure is the fast route to fascism. But your banker masters love it when you blow them.

 

[Cancel 2018. 3]

But the reality of tarp should change your opinion.

I didn't support tarp either, but since it happened, other things change as well.

You need to be more flexible in your thinking and recognize that is a moral hazard to allow execs to continue with their compensation packages despite their failure.

Allowing tarp execs to keep the same compensation is not a sufficient incentive to keep their companies OUT of tarp territory.

It is defacto fascism to allow an elite class of execs to use taxpayer money as if it's money they earned.

it doesn't change my opinion....they should have failed and the execs fired. this capping of salaries is nothing but political gamemanship and is fascist....mussolini would be proud

and it is not fascism at all to allow the execs use of taxpayer money, if anything, it is more akin to reality communism, where the party leaders enjoy great wealth at the expense of the common folk

 

[Topspin]

they should have failed and got fired.
We fucked up twice.
Letting them fleece us again would be the trifecta.

 

[Damocles]

What it does, damo the simple, is provide an incentive for execs to actually run their corporations properly.

If they get just as much when their corporations are taken over by government, there will be no incentive for them to succeed and stay private.

Allowing execs to have the same monies despite failure is the fast route to fascism. But your banker masters love it when you blow them.

There is no incentive to run the companies "correctly", that's just stupid. Failure is what failure is, they already have the bonuses from last year, you have done nothing but ensure that only the failures will ever run these companies.

 

[Sammy Jankis]

There is no incentive to run the companies "correctly", that's just stupid. Failure is what failure is, they already have the bonuses from last year, you have done nothing but ensure that only the failures will ever run these companies.

I stridently disagree.

It's assinine to think they won't try harder if their exorbitant salaries were actually at stake.

What's more important here is setting precedents going forward.

 

[Damocles]

I stridently disagree.

It's assinine to think they won't try harder if their exorbitant salaries were actually at stake.

What's more important here is setting precedents going forward.

They aren't "at stake", that's idiotic.

If it were, "If you suck we'll cut your pay" you might have a point. But it isn't. It's "you sucked, have already received millions in bonuses and now no matter what you do you will get paid a set amount"... They'll continue to suck, as they have already shown they are incapable of the job, now they'll just get paid what they are worth and the companies will be incapable of hiring any better.

They aren't going to be able to hire anybody capable of running the companies, because nobody is that stupid. You can get the job though, because you clearly are incapable of figuring out that there is no incentive to do better when even a good job is rewarded equally as if you suck at it. Don't worry, if all you are paid in is crap, because there is plenty of it and there is nobody in line for your job so you're safely ensconced in your position therefore.

It isn't important to cement the fascist takeover of companies by making it "better" by paying crap so that they'll never be able to compete. It's just retarded. It is far more important to make the point that the fricking thing was wrong to begin with rather than cheer lead just the pieces you like.


Your good will for fascism was purchased cheaply. All it took was a bit of "greed reduction therapy" and you're fully on board.

Again, you can "stridently" declare your hypocrisy, it doesn't change that it is hypocrisy.

 

[Good Luck]

....and from whence did most of the screams come from when it was discovered earlier in the year that unchanged executive bonuses had been approved even when receiving government funds in order to continue operating? Now the government wants to control it, and the bitching continues from the same hypocrites, now on a different tack, because of the simple fact that it has the Obama name on it

Salaries are different from bonuses. This move is NOT about capping bonuses. It is about forcing them to cut salaries.

This is a step toward fascism, pure and simple. The surprise is how many are applauding it through the brainwashing of class warfare rhetoric.

 

[belme1201]

Salaries are different from bonuses. This move is NOT about capping bonuses. It is about forcing them to cut salaries.

This is a step toward fascism, pure and simple. The surprise is how many are applauding it through the brainwashing of class warfare rhetoric.

I don't believe this is about cutting excessive salaries alone but includes performance bonuses and Golden Parachutes to reward failed executives who have come to the government for help to continue operations. If the bar is set so low that an executive can receive a bonus no matter how great his failure, how is that different than a salary?
The government's rights eminate from that fact as a condition of receiving aid from the People. I also believe stock bonuses are not included, allowing that type of incentive, if reasonable, to continue.

That said, I agree that class warfare does exist and is probably a growing phenomenon, and the Middle Class is losing.

 

[Sammy Jankis]

Salaries are different from bonuses. This move is NOT about capping bonuses. It is about forcing them to cut salaries.

This is a step toward fascism, pure and simple. The surprise is how many are applauding it through the brainwashing of class warfare rhetoric.

You have it completely backwards. Fascism would be allowing a management elite to paid exorbitantly from taxpayer funds.

They're simply not having their cake and eating it too.

Not gonna happen.

Allowing management of bailed out companies to keep their same or even greater salaries provides no personal incentive for them to run their businesses well.

Executives should fear a bailout, not welcome it so their lofty positions are buttressed and maintained by taxpayer funds.

NOT cutting their salaries is the fast track to fascism. plain and simple.

 

[Onceler]

People think this is some sort of power play. It cracks me up that people think the gov't actually WANTS to run companies; that officials who are elected & in place for a relatively short period have some sort of interest in "corporate control," as though they didn't already have enough to worry about. It's paranoid (and Damo, trust me, you're one of the biggest paranoids about gov't power on this board).

It's a PR move. Though it's now becoming clear that TARP actually worked, and that we'd be in a much worse place without it, symbolic excesses & waste on the part of the recipients was undermining public opinion. It's not any more complicated than that.

 

[meme]

yeah, we're just "paranoid" for seeing what is happening right before our eyes..that's an old commie trick..tell you you're not really seeing what you are seeing..

 

[Onceler]

yeah, we're just "paranoid" for seeing what is happening right before our eyes..that's an old commie trick..tell you you're not really seeing what you are seeing..

I said Damo was one of the worst; you're probably THE worst in that department. You see everything as a commie takeover, and probably have for decades.

But the funny thing is that I still have more freedom, to do whatever I want to do, than any human being in the history of time; and pretty much all of my fellow Americans have the same.

Isn't that strange?

 

[Sammy Jankis]

People think this is some sort of power play. It cracks me up that people think the gov't actually WANTS to run companies; that officials who are elected & in place for a relatively short period have some sort of interest in "corporate control," as though they didn't already have enough to worry about. It's paranoid (and Damo, trust me, you're one of the biggest paranoids about gov't power on this board).

It's a PR move. Though it's now becoming clear that TARP actually worked, and that we'd be in a much worse place without it, symbolic excesses & waste on the part of the recipients was undermining public opinion. It's not any more complicated than that.

The govt does want to run corporations. That's not paranoia. They're power seeking freaks.

As citizens we need to not allow the elites in the private sector and government to join into a monolithic fascist entity.

At this point we need to instill in executives a great fear of bailouts. We do that by capping their pay if it happens, for two reasons.

A. If they need a bailout, they didn't earn their money anyway.

B. The precedent that's needed to prevent the rapid fascistification of our country is that executives must fear a bailout more than anything else. they need to be hit in their wallets if it happens. If bailouts are consequence free for them, there will be no incentive to avoid a bailout.

 

[meme]

I said Damo was one of the worst; you're probably THE worst in that department. You see everything as a commie takeover, and probably have for decades.

But the funny thing is that I still have more freedom, to do whatever I want to do, than any human being in the history of time; and pretty much all of my fellow Americans have the same.

Isn't that strange?

what, are you saying there aren't any commies in this country?

and you better enjoy those freedoms while you can..your dear Progressive-commie leaders with the commie visions is on the march..

 

[Onceler]

"what, are you saying there aren't any commies in this country?"

Great reading comprehension. Really - outstanding...

 

[meme]

"what, are you saying there aren't any commies in this country?"

Great reading comprehension. Really - outstanding...

well that answered my question..just side step around it if ya don't like the question, eh..another commie trick..