Reduced Pay for Executives

Today I saw a bumper sticker that read, “If you aren’t outraged, you aren’t paying attention.”

I don’t know if that person was a liberal who applied the sticker during the Bush administration, or a conservative who applied it after the election of President Obama. Either way, it’s very applicable to our present times.

Today the White House announced that it would move to slash the pay of executives at companies which accepted bailout money.

“Fine, sure,” you say. “Those AIG folks shouldn’t have gotten those big bonuses.” Well, that’s another matter…

But are you aware that the federal government coerced some corporations to take bailout money?

In effect, the government has suddenly, and with practically no opposition, taken over a large portion of corporate America. Soon, I fear that it will be hard to distinguish the two.

To borrow a phrase from a certain scumbag, “Dude, where’s my country?”

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1 Comment

Filed under News Stories/Events/Opinion

One response to “Reduced Pay for Executives

  1. 67mustang

    I’m surprised that no one replied to this, especially when you consider that no one on Capitol Hill or the media mentioned the executive pay at Fannie Mae or Freddie Mac. Just found your blog a few days ago, great info.

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