Wednesday, January 31, 2007

G.W. Bush joins the dark side

I was going to title this "The final sellout of George W. Bush", but we all know that he's got two more years and countless opportunities to continue walking off to the Left.

This time it was an econimic speech on Wall St. where he told the assembled heads of multi-$billion multi-natinal companies that they're paying their CEOs too much. He also told them that the government thinks they should be doing differently.

The president acknowledged people's continuing nervousness about their financial picture, despite a string of similar reports that provide some reason for optimism. He said he realized that stories about the enormous salaries and other perks for CEOs, for instance, create anger and uncertainty that affect the country's investors.

The president does not endorse any government role in reducing those packages. Instead, Bush highlighted new federal rules that the administration thinks are a better path toward wise compensation decisions by companies.

"Government should not decide the compensation for America's corporate executives," he said. "But the salaries and bonuses of CEOs should be based on their success at improving their companies and bringing value to their shareholders."

I tnought that was why they were getting the big money anyway?
You know, capitalism- and getting paid what others think you're worth.

You should recognize that- you actually went to college for a business degree, didn't you?
But,,,,that was before you stepped inti D.C. and got sucked into the darkness of 'Goverment' and runnng peoples lives how YOU think they should be run.

And in a related bit of hypocracy:

Rep. Barney Frank (news, bio, voting record), D-Mass., chairman of the House Financial Services Committee, has said he will push legislation to require shareholder approval of executive compensation plans. And a separate bill before the Senate to raise the minimum wage would fund accompanying tax breaks to ease the burden on small businesses by capping executives' tax-deferred pay packages at $1 million a year. -from someone getting automatic raises that are more than my annual salary...

So Barn, when will WE be able to vote on your new wage increases?

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