I fully agree.Speaking of liberal bogeymen, have you seen the Bamster on TV now? Suddenly he's Teddy Rosevelt taking on the banks and insurance companies like they're choking us to death.
If the insurance companies are doing so well, why is their average return on capital around 5%? Shit, that's barely better than a federally insured CD which is a helluva lot less risky than underwriting medical bills of an aging obese population of couch potatoes (like me).
That evil Goldman Sachs just put down a big compensation package for their employees after a banner quarter. But they took TARP money. So what? Once its paid back with interest, our interest in this company doesn't matter anymore. Don't get me wrong, I wish we'd never bailed out Wall Street, Chrysler or GM because losses and failure teach lasting lessons that bailouts do not. Nothing should be too big to fail. Obama wants to ensure this by overregulating and downsizing banks because he's a socialist. I want to let them fail because I'm a capitalist.
Why is it that people just go off on corporations without researching what the hell they are talking about? Why should I give a shit what a CEO gets paid if the company never took TARP money or if they did, paid it back with interest?
What a CEO gets paid is up to the stock holders of their company. Steve Jobs may be a liberal narcissist asshole that I couldn't even stomach an elevator ride with, but who can deny the billions of market cap he's brought home for Apple shareholders? Is he worth a big fat paycheck? Hell yes.
Instead of taxing outsized executive bonuses 75% as the socialists in the White House want to do, we should be ensuring that shareholders have a bill of rights allowing them to discover and call into question the compensation practices of the company without having to wage a proxy war.




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