Here's Your "Stimulus" Bill Right Here Mr. President!
So, President Obama calls it “the height of irresponsibility” for Wall Street executives to be paid more than $18 billion in bonuses while the financial sector was crumbling.
This is the type of class warfare that Obama specializes in. But it’s not his job to take Wall Street execs to the woodshed. I think it’s the height of irresponsibility to take money that doesn’t belong to you and spend it wastefully. At least financial execs have to answer to stockholders. Stockholders ultimately decide whether it’s cheaper to get a bad CEO out of there by paying them off instead of watching their stock values dwindle to nothing.
And who was it again that was responsible for the mortgage meltdown? If you said politicians, particularly ones named Barney Frank and Christopher Dodd, then go right to the head of the class. If they were CEO’s of a publicly held company, there’s a strong possibility they would be in jail right now–instead of heading committees responsible for confiscating even more taxpayer money.
It’s laughable any time a politician rails against greed and wasteful spending…particularly more galling when we’re right in the middle of a trillion dollar boondoggle being orchestrated by the man making the criticism. The last time I looked, $18 billion would be tip money compared with what they’re doing. Here’s more of President Obama’s comments.
