Bonus Bonanza - Rewarding Failure
Sen. Claire McCaskill offered a bill capping pay at any company accepting federal bailout dollars. The cap would be what the President makes: $400,000 a year. The McCaskill plan would include salary, bonuses, and stock options.
Some have offered the opinion that the salary cap is not in keeping with the capitalistic principals that all incentive would be taken away from managing business if the government could limit compensation.
I would have to agree if we tried to limit compensation for every company but in this case it would only be those companies/corporations receiving bailout money. It makes sense and if you think executives need incentive to run their companies better. Can you think of a better incentive for getting their organizations off the government dole.
Speaking of Gridlock
How about those Representatives how can we have gridlock if there isn't equity and there were not enough Republicans, even with 11 Democrats, to block the Obama Stimulus Package. Sad thing is the bill was stripped of some issues objected to by the Republicans and still they didn't cast 1 vote for the bill.
So what is the message? The President (POTUS) wants to work with the other party but they refuse to play. Barack Obama ruffled some feathers of his own party to give a bit but was totally rejected. He is a smart man and sooner or later he is going to figure out why even try. Maybe he is smarter than all of us and will continue to seek workable answers to difficult issues from all sides including Libertarians and we will recover.
Wishing for failure of the current Administration, especially after supporting the last administration, like Rush Limbaugh has done must surely convince some of his followers that Rush is an opportunist and lacks the sense that "God gave a Goose."
I'll follow the progress or lack thereof regarding gridlock and report from time to time for my own amusement and perhaps a few other lost souls who are just as frustrated as I am regarding the dividing of the UNITED States.
