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Thread: Administration: Rein in pay in US private sector

  1. #11
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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by Redress View Post
    There is nothing, absolutely nothing wrong with suggesting that the pay model might be flawed. The administration is within their rights, and no harm has come of this. Look past your partisan blinders once in awhile.
    On Wednesday, it set pay limits on companies that receive TARP assistance, with the toughest restrictions aimed at seven recipients of "exceptional assistance." They are Citigroup Inc., Bank of America Corp., General Motors Corp., Chrysler LLC, American International Group Inc., GMAC LLC and Chrysler Financial.

    The regulations limit top executives of companies that receive TARP funds to bonuses of no more than one-third of their annual salaries.

    The administration named Kenneth Feinberg, a lawyer who oversaw payments to families of Sept. 11, 2001 terrorist attack victims, as a "special master" with power to reject pay plans he deems excessive at the seven companies with the biggest injections of public money. Feinberg also would have authority to review compensation for the top 100 salaried employees at those companies.
    US government seeks to rein in executive pay - Yahoo! Finance

    I see they actually put their "suggestion" into practice. Why don't you take off YOUR blinders bud.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by MrVicchio View Post
    Suggestions are fine. You really think they'll stop at just "suggesting".

    You ARE drinking that kool aide ain't ya?
    Come complain when they don't stop, I will agree with you. Getting upset because Obama might do something, maybe, at some time in the future, possibly, maybe...well, it seems to be a waste of effort.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by MrVicchio View Post
    US government seeks to rein in executive pay - Yahoo! Finance

    I see they actually put their "suggestion" into practice. Why don't you take off YOUR blinders bud.
    Hey, that is not the same thing. That is setting limits for companies that took TARP funds. Nice try, but fail.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by MrVicchio View Post
    No, O and Co. don't have the first clue how to run businesses and should STFU when it comes to telling them how to operate.
    Again, he can suggest whatever he wants. People saying he can't are the ones acting fascist.

    Quote Originally Posted by MrVicchio View Post
    Wow, you are weak today aren't you? You miss the point here, Obama has made it clear he wants to control pay, and with you lefties it always starts out with "suggestions" and then it becomes a court ordered affair when you don't get your way.
    No he has not, and even your article says he doesn't want to control the pay.

    You're paranoid and your hatred for Obama just blinds you.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by TheNextEra View Post
    Ah yes, so the private sector is above criticism and no suggestions shall be taken or given in regards to that.

    Sounds like conservatives are the ones acting Fascist saying that Obama is not allowed to make suggestions.

    The 3rd Reich (AKA conservative movement) has spoken and Obama should obey.
    You need to study up on fascism.

    Fascism is Dear Leader making those "suggestions". Which is why Dear Leader needs to shut his damn word-hole (that and the fact that he's a blithering idiot).

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by TheNextEra View Post
    YES. Anything otherwise is just paranoia from the right.
    Hoover's suggestions during the beginning of the Depression led to businesses keeping up wages despite not having the money. They were led to believe that by doing this, that they would see an increase in business: that prosperity was brought about by high wages and not the other way around. What it caused instead was massive unemployment and a huge rise in part-time workers. It was a disaster: it was all a suggestion.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by Redress View Post
    Hey, that is not the same thing. That is setting limits for companies that took TARP funds. Nice try, but fail.
    Your right, they had the power to force it with the tarp funded companies. They want ALL companies to follow said "guidelines" You really think they won't seek to impose those limits on all companies?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by Redress View Post
    There is nothing, absolutely nothing wrong with suggesting that the pay model might be flawed. The administration is within their rights, and no harm has come of this. Look past your partisan blinders once in awhile.
    "Flawed" pay models mean businesses are operating ineffectively and inefficiently. If that is the case the ultimate result is bankruptcy and failure, which is the proper corrective measure--and is the one measure Dear Leader acts to prevent and forestall.

    No, the Administration is not within its rights, not even by a little bit, and yes, there is harm. The moment pay is driven by anything more than perceived value given--the moment pay is influenced by factors other than market factors (such as government and Dear Leader's "suggestions")--then the pay model is significantly and negatively distorted.

    Governments do not and should not "suggest" pay models for the private sector. It is counterproductive. It is wrong. It is unacceptable.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by Redress View Post
    Come complain when they don't stop, I will agree with you. Getting upset because Obama might do something, maybe, at some time in the future, possibly, maybe...well, it seems to be a waste of effort.
    First they came for the Communists but I was not a Communist so I did not speak out. Then they came for the Socialists and the Trade Unionists but I was not one of them, so I did not speak out. Then they came for the Jews but I was not Jewish so I did not speak out. And when they came for me, there was no one left to speak out for me.
    Delay leads to despotism. The time to "complain" is NOW.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by MrVicchio View Post
    Your right, they had the power to force it with the tarp funded companies. They want ALL companies to follow said "guidelines" You really think they won't seek to impose those limits on all companies?
    If they do, I will happily join with you in complaining about it. I will do something unique though and wait to complain till they actually do it. We seem to get three threads a day from people complaining about things Obama might do.

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