LMAO ~ Limit Exec Pay ~ Just Brilliant I Say!

I read an article this morning and immediately began LMAO: 

“WASHINGTON — The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions in a new get-tough approach to bankers and Wall Street, a senior administration official said Tuesday.

Obama plans to announce the new limits with Treasury Secretary Timothy Geithner at the White House on Wednesday.

“If the taxpayers are helping you, then you’ve got certain responsibilities to not be living high on the hog,” President Barack Obama said in an interview with “NBC Nightly News”.”

Love him or hate him, I believe he is right on with this one.  What better way to make these companies accountable than limiting the pay of the top dog.  Seriously when I read it would be limited to 500,000 I thought it should be lower, but if you take into consideration stock options it is probably just about right. 

I can just imagine the execs sitting at their cherry desks, reading their Wall Street Journal this morning and crapping their pants.  Wow, someone is going to hold them accountable.  And what a better way to tell them to figure it out themselves than to limit the top dog’s pay.  Things just got tougher in corporate America.  About time.  I have always wondered just what decisions do you make for that kind of pay???  Seriously what do these guys really do?  I can’t imagine that they make any decisions that are more important that the President of the US.  I was on board with that Senator from Missouri who wanted to limit the exec pay to no more than what the President makes.

And honestly, I would give Obama a raise based on his first two weeks in office.  I really like what I have seen so far.    So that worries me a little.  It would appear that he is moving and shaking things up, which makes me hope that there is tons of extra security for him.  He has far surpassed Bush in just these first few days! 

And I am so sick of this bailout crap.  Seriously, no one is going to bail me out, why should my taxpayer money go to bailout anyone else???  I have paid in since I turned 16, where is my bailout now when I truly need it???  Going to companies who have mismanaged their businesses and have greedy CEO’s.  That is just sick and wrong.  It’s not right, and I hope Obama continues to pursue these execs who have abused the system for so damn long.  The time has come for the little guy to win some. 

Iz