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The Obama administration stunned Wall Street on Wednesday by ordering massive pay cuts for top executives
Originally posted by HunkaHunka
Originally posted by lucentenigma
What more proof do the masses need to see that the current administration has a Marxist agenda?
While I believe that these bankster/executive scum should not be paid outrageous salary's/bonuses the government should not be the ones to do it.
These corporations should have been left to fail and let the free market do it's thing
Do you even know the history of capitalism in this country?
Originally the Government held charters for all companies. And they had the right to revoke these charters on behalf of the American people.
That's not Marxist... that's American.
Unfortunately, Big Business changed all of that...
Originally posted by poedxsoldiervet
reply to post by Avenginggecko
Does anyone else see a problem with that? THE GOVERMENT IS CUTTING A PRIVATE FIRMS PAY....
A BAILOUT THAT THE people never wanted in the first place.
Originally posted by HunkaHunka
Originally posted by dooper
Based entirely on performance, I think our White House officials should be paying the American people.
A group of Marxists, bent of destroying capitalism.
I don't believe that even one of them has ever had an honest job.
Underachievers to be certain.
Are you approving of the Wall street culture of taking our money and then giving their execs huge bonuses for lackluster performance?
I'm confused.... Because it sure sounds that way.
Originally posted by Hal9000
C'mon. Admit it. 9 out of 10 of you claiming this is marxism or what ever would be the first ones to complain if Obama did nothing and these execs got their bonuses. You would be screaming that he is wasting our tax dollars.
You guys need new material.
[edit on 10/21/2009 by Hal9000]
Originally posted by whatukno
Now I am all for a company that pays back TARP funds being able to pay their employees and executives whatever they want.
But what I want to know is, are these profits the result of the cash infusion by us taxpayers, and if so, as investors do we not deserve our dividends?
Yes they paid the money back but was it due to that money that they were able to report a profit?
Give Caesar what belongs to Caesar.
Otherwise, it's none of my business nor is it the government's business how much they pay anyone.
Originally posted by VitalTimes
reply to post by Hal9000
Though I do see your point, I think that most of us who disagree with the government determining pay in the private sector, also disagreed with the government giving them money in the first place.
Originally posted by lucentenigma
Originally posted by HunkaHunka
Originally posted by lucentenigma
What more proof do the masses need to see that the current administration has a Marxist agenda?
While I believe that these bankster/executive scum should not be paid outrageous salary's/bonuses the government should not be the ones to do it.
These corporations should have been left to fail and let the free market do it's thing
Do you even know the history of capitalism in this country?
Originally the Government held charters for all companies. And they had the right to revoke these charters on behalf of the American people.
That's not Marxist... that's American.
Unfortunately, Big Business changed all of that...
Yeah dude I do know my history
The government has NEVER held charters for ALL companies.
Originally, limited liability companies, now called "corporations" had to obtain charters from the State to do business. They are chartered to do a specific job. If they don't do the job or break the rules, their charters can be revoked. The State giveth and the State can taketh away. That's the way the system was set up in the States' constitutions. And this charter system is still in force in most states, today, but when was the last time you heard of a corporate charter being revoked?
Alas ...early in the 19th Century, when this country was young and still wet behind the ears, Congress gave corporations the status of people, with all the rights of peoples' freedom of speech and of the press. They could spend all the money they wanted to on advertising and propaganda, called "public relations". They became carnivorous. The corporations soon began to eat congressmen and senators and judges and politicians of all stripes, and even presidents and nations.
Originally posted by slipkid
By decreasing this pay, they are lowering the amount of money which can be taxed by the local government.