A little proportion is in order; what are we for – giving money to bank executives who think they’re entitled to a taxpayer handout? Or are we for an economic recovery that creates jobs and directs cash back to states and local control?
The Senate is debating a Jobs and Economic Recovery bill right now, they could vote on it TOMORROW. Call your Senator TOLL-FREE TODAY at 866-544-7573 and tell them to support an economic recovery plan for ALL of us!
Let us know how your calls go by posting in the comments section below.
The New York Times reports that the Obama Administration will limit bank executive salaries, who receive federal bailout dollars, to $500,000.
This is such exciting news! According to the New York Times:
Executives would...be prohibited from receiving any bonuses above their base pay, except for normal stock dividends...
Executives at companies that have already received money from Treasury Department would not have to make any changes. But analysts and administration officials are bracing for a huge wave of new losses, largely because of the deepening recession, and many companies that have already been to the trough may well be coming back.
What a shocker! The original bailout bill didn’t solve the recession? Banks would be willing to go through the rigmarole of filling out the two-page bailout application formALL OVER AGAIN?!?!
Conservatives will talk about how this policy will limit bank executives’ incentive to "go a good job" therefore further damaging the economy. I have three things to say to that:
- Bank execs didn’t do a good job when they were making $500 MILLION a year.
- I know nurses, firefighters, and police officers who are damn good at their jobs, are responsible for people’s lives, and don’t even touch the $500K tax bracket.
- There were lines around the corner yesterday to get a free breakfast at Denny’s — I don’t think so many people have ever been this hard up for a free "Grand Slam." But seriously, families that once donated to food banks are turning to them for support and due to increased "food insecurity" food banks are running out of supplies.
A little proportion is in order; what are we for – giving money to bank executives who think they’re entitled to a taxpayer handout? Or are we for an economic recovery that creates jobs and directs cash back to states and local control?
The Senate is debating a Jobs and Economic Recovery bill right now, they could vote on it TOMORROW. Call your Senator TOLL-FREE TODAY at 866-544-7573 and tell them to support an economic recovery plan for ALL of us!
Let us know how your calls go by posting in the comments section below.