Just curious

[petasux]

I was just reading a artical about congress imposing restrictions on CEOs in Wall Street as far as the compensation they recieve.Theyre buying into the banking industry, imposing rules and regulations on car makers, and the list goes on.Not sure how to put this but what are the long term effects of this?I mean really, lets say the economy straightens out down the road somewhere, money starts flowing again, and people that are pissed off right now do what they always do and forget this whole ugly incident ever happened.How much powers the government still going to hold in these industries once things straighten out?The way it looks to me the govts setting itself up to hold control in many areas where they shouldnt have ever stuck thier noses in the first place.How many of the private money institutions will they still have say in once this is done.Because for the life of me I cant see any good coming out of this.

And considering theyre imposing restrictions and regulations where people have made bad deciscions and lost money shouldnt they be looking a little closer to home?I mean a 10 trillion dollar deficit and the fact they just wrote one of the largest bad checks in history would seem to me to be an indication someone should impose some sort of sanity in our own government.Perhaps a pay cap and some term limits would help, maybe shock collars I dont know.

[Vizsla Vince]

This has been one of the fears of the whole concept of bailouts. Once gov't bureaucrats get there hooks in something, it pretty much takes an act of God to get them to relinquish power. We will be seeing the ill effects of these bailouts for generations. And the sad part is that when things DO get worse, the response from this administration & the Dem congress will be to get MORE invasive & controlling, even though that is what got us in trouble in the first place. Its like hitting yourself in the head to relieve a headache. When the headache gets worse, hit yourself harder!

[nodog]

It's nuclear! Understand though that these people brought all this down on their own heads and ours as a consequence of not educating ourselves. No one said we had to buy their stuff when we knew we couldn't afford it. In defense of the people we were sold by an extremely slick salesman.

Walt Disney was a guinness when he produced Pinocchio for children. Too bad we didn't listen.

[Arthur P]

I think it's great. Unlike Bush and his free, no accountability, no repercussion giveaway, taxpayers are finally getting some teeth into the deal. If these hotshot CEO's don't want the gov't telling them how much compensation they can get, then they won't take bailout money.

[James B]

Bush is gone now so lets look at what is going on now. If companies take government money then the government can restrict their compensation package. So far it should not affect other companies . This is all heading toward a socialist tkpe government and thats where osama wants to go.

As long as we let them, they will grab everything they can get. Time to start SCREAMING at your elected officials. Get there emali on your contact list and hassle them every day. WE ARE THE ONLY ONES WHO CAN STOP THIS INSANITY.

[burniegoeasily]

Nothing but scare tactics to obtain complete controle. Thank God there will be a changing of the guards in two years and we can maybe kill some of this crap and make Obamacide a lame duck issue.

[burniegoeasily]

ORIGINAL: Arthur P

I think it's great. Unlike Bush and his free, no accountability, no repercussion giveaway, taxpayers are finally getting some teeth into the deal. If these hotshot CEO's don't want the gov't telling them how much compensation they can get, then they won't take bailout money.

"taxpayers are finally getting some teeth"???? WTF. Getting raped is suppose to feel good??? Sorry, you can keep bending over, im going to fight it.

FYI Arthur, Bush is gone, time for the Change Obammy promised you. Dont look like you are getting what he promised. But keep on bashing Bush if it makes you feel better. Kind of like kicking the cat when your wife pisses you off. Might make you feel better, but had no effect on the problem.


FYI agian, not everyone approved of Bush, so you are doing nothing but cheerleading for the crowed. Not all of use follow a leader blindly.

[Arthur P]

Bush is gone now so lets look at what is going on now.

Pardon me for being aware that most of this crap started well before Jan 20th.

If companies take government money then the government can restrict their compensation package.

You got that right. Very good.

So far it should not affect other companies .

And it does not.

This is all heading toward a socialist tkpe government and thats where osama wants to go.

So, given all that you said before, exactly what orifice did you pull THAT one from? These restrictions on CEO comp and bonuses are what Bush and Paulsson should have done right from the very first nickle they handed over to these banker CEO's. Why do I seriously doubt you'd be hollering socialism if they had done so?

[burniegoeasily]

ORIGINAL: Arthur P

So, given all that you said before, exactly what orifice did you pull THAT one from? These restrictions on CEO comp and bonuses are what Bush and Paulsson should have done right from the very first nickle they handed over to these banker CEO's. Why do I seriously doubt you'd be hollering socialism if they had done so?

How about his socialist voteing record. He had the most liberal voteing record while in congress. Yep, both votes he casted were for liberal agendas. He about to pass the biggest transfer of wealth from the populous to the government, in the history of the world. Have you been asleep or just not reading the news?

FYI. Bush started the whole move by showing no balls to the congress, in the end. Obama is just one uping him but on a mammoth scale.

[Arthur P]

How about his socialist voteing record. He had the most liberal voteing record while in congress.

Who was it said the campaign is over?

He about to pass the biggest transfer of wealth from the populous to the government, in the history of the world.

Just the largest in one fell swoop. We've still got that nearly $5 trillion bump in national debt that came between Jan 20, 2001 and Jan 20, 2009. That was, by a huge margin, the largest increase in national debt in one President's term in history. $5 trillion in debt and what do we have to show for it? Two wars and a trashed economy.

Check this chart. See if you can spot who the big spenders were. See if you can spot the Presidents who overspent our revenues and increased the national debt.



Hmmm.... Looks like the purple bar is higher than the blue one for every Republican and lower for every Democrat.

And this one. Title is self-explanatory.



And this one, debt compared to GDP:



Now, which party was more fiscally responsible over the past 40 years?

You want to lower taxes? Get our GDP back on the upswing and increase our revenues so we can pay down the national debt. Right now some 30 cents of every tax dollar is used to pay INTEREST on our debt. That 30 cents does nothing to pay down the debt.

As a nation, it looks to me like we're right on the verge of bankruptcy. Going by the general concensus here, companies that can't don't have a fiscally responsible business plan should be allowed to crash so the companies with good plans can take over. Does that same theory apply to our country?

I hope and pray this stimulus works, but I'm very frightened that it isn't nearly enough..