Posted by
Marked in Pgh on Thursday, February 05, 2009 2:57:09 PM
Ben & Jerry took an ice cream course, turned an old gas station into their first store and factory; then started selling rich ice cream to rich liberals in Vermont. They became a success and have since gone nationwide. Then one of them decided to retire. Being rich liberals in Vermont, they had to keep up with their loony friends and decided the new CEO should be paid only 7 times the minmum amount the lowest paid employee was making. It was only fair, arbitrary, capricious and was probably well received in the green envy state. Because the lowest paid worker in the company was apparently making $6.00 an hour (well over the present Federal minimum wage); the top executive was to be paid approximately $87,360 [(6.00 x 2080 FT hours per year) x 7].
Well, it was their company, their decision and they ran with it. They couldn't find anyone to take the job of running a large corporation with a national distribution for such a lowly salary and had to finally raise the ante.
It was a nobel idea, a noble suggestion, but a liberally stupid economic decision they and their company had to suffer with, until they corrected their asinine assumption.
Now the Sun King ("I am the State") Obama, the Communist Organizer, is setting just as arbitrary and capricious a pay rate cap on companies receiving money from TARP. In doing so, he is setting another ridiculous rate and making a horse's *ss out of himself. His suggestion of $500,000 is more generous ($100,000 more per year than his own salary, how magnanimous). Will this attract or retain the top talent needed to save these companies and not put them at a disadvantage to non-TARP companies by someone who has never worked in business? Certainly not. King Obama needs to know how ridiculous his miserly suggestion is in practice. So, before he ends up with egg all over his goofy/dopey face, may I make a suggestion?
Didn't goofy liberals like himself, his comrades in ACORN, Barney Frank, Nancy Pelosi, Rangel and other insulated liberal boobs in Congress and the rest of the Federal government cause the economic disaster in the first place? Weren't they the ones who forced the banks to give mortgages to people who should never have received them in the first place; except as examples of political correctness judged by group identity rather than individual merit? Yes and yes.
As the wellsprings of the current problem, they need to be the first rats in the experiment. They can cap their total pay and compensation to $87,360 per year as the Ben & Jerry solution. The liberals in government, as well as movie stars, entertainers, media celebs and the News Media propagandists need to adopt this suggestion immediately in a show of solidarity among comrades. They can then pay the same amount of tax and not have to cheat, with complete transparency. After all, as in the USSR, everyone is equal, but some are more equal than others.
P.S.: Obama is overstepping his authority. The TARP bill doesn't give him the power to enforce his initiative. That power is reserved for Treasury Secretary Geithner, who will probably ignore it, like he ignored paying his taxes. More on Geithner later.