*Disclaimer: This article if off of Huffington Post, and while I normally wouldn't post this as actual news, the quotes from the Republican politicians are what made me go forward with it. Read the article and you'll see what I mean.
GOP Opposes Pay Limits On Bailed-Out Bankers
Senate Minority Leader Jon Kyl (R-AZ) blamed the "tone deaf" bankers for creating the political environment that allowed Obama to call for a cap.
"Because of their excesses, very bad things begin to happen, like the United States government telling a company what it can pay its employees. That's not a good thing in America,"In the end, this quote says it all:"What executives have done is troubling, but it's equally troubling to have government telling shareholders how much they can pay the executives," said Sen. Mel Martinez (R-FL).
The funny thing is that I'm sure nobody is shocked that they oppose something based on ideology regardless of what reason dictates. That's why the republicans lost the last 2 elections so badly.Sen. Bob Bennett (R-UT) said, "Some of the things some of these bank executives have been doing demonstrates they have a tin ear. At the same time, I'm generally troubled by wage and price control, no matter how logical it may appear."