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

meme said:
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..
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Get your bunker up to speed, mimi. We're coming to get you!

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Onceler said:
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.
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Ahh, yes. The good old "we don't WANT to become a fascist state - we are FORCED to do it for your own good" excuse.
 
Good Luck said:
Ahh, yes. The good old "we don't WANT to become a fascist state - we are FORCED to do it for your own good" excuse.
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Fascism would be allowing bailed out execs to keep their exorbitant pay.

They need an incentive to avoid government takeover.

NOT cutting their pay in the event of a taxpayer funded bailout is actually the quick route to fascism.

Don't make me correct you on this issue again.
 
TuTu Monroe said:
This administration better not cap the salaries of CEO's whose companies were not involved in the bailouts.
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Those companies that were not involved in the bailouts have benefited immensely from the decreased competition, Goldman Sachs is a good example. There is no way that they should be allowed to continue to pay out obscene bonuses and remuneration to their executives and staff.
 
Onceler said:
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.
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I have no shame in my commitment towards less centralized government power, even if you try to couch it in some sort of negative phrasing.

It isn't paranoia, it is simply consistency. The government should be the last choice for a solution.
 
Damocles said:
The government should be the last choice for a solution.
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I agree. WHich is precisely why execs need to feel the pain if bailouts occur. If their lives are the same, they would probably actually PREFER to have the power of the state behind their enterprises.

Just think it through once.
 
AssHatZombie said:
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.
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Your first sentence is the reverse, corporations want to run the government and they have succeeded. The government are the lackeys, the "power seeking freaks" are in the halls of the Fortune 500.
 
tom prendergast said:
Those companies that were not involved in the bailouts have benefited immensely from the decreased competition, Goldman Sachs is a good example. There is no way that they should be allowed to continue to pay out obscene bonuses and remuneration to their executives and staff.
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Government should not be involved in a private business who were not involved in bail-outs. It's up to the shareholders, not the government. Anyone who thinks like you do, wants a dictatorship and if Obama keeps this up, that's the way we are headed. Read our Constitution, it might help with your confusion.

Note: It would be a cold day in hell if the government told me how much I could pay my employees.
 
AssHatZombie said:
I agree. WHich is precisely why execs need to feel the pain if bailouts occur. If their lives are the same, they would probably actually PREFER to have the power of the state behind their enterprises.

Just think it through once.
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It's a silly PR move that you fell for, your hypocrisy was purchased cheaply.
 
Damocles said:
It's a silly PR move that you fell for, your hypocrisy was purchased cheaply.
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It's still a valid issue.

It's the worst idea to allow execs the same salary after utter failure and a taxpayer bailout.

Executives must be incentivized to avoid bailouts. If there is no incentive to stay private, we will be a fascist nation before you can say "disingenuous". but you know that, and you're for fascism.
 
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AssHatZombie said:
Fascism would be allowing bailed out execs to keep their exorbitant pay.

They need an incentive to avoid government takeover.

NOT cutting their pay in the event of a taxpayer funded bailout is actually the quick route to fascism.

Don't make me correct you on this issue again.
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i already explained to you how that is not fascism, it is fascism for the government to control corporation salaries though
 
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