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Thread: Czar to substantially cut pay: Summers

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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by liblady View Post
    possibly becasue he continues to take bonuses while our stock plummets, and he's run our company into the ground.

    his predecessors were great, and they made plenty. why would you assume i hate people who make money?

    please explain.
    Libbos hate people that make money. That's no secret. It's why PBO got the Libbos vote with his wealth redistribution, tax the rich and give to the poor, mantra.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by Agent Ferris View Post
    Then you have no damn clue how corporatism operated under Mussolini, IE labour and capital coming under the Iron fist of the state through corporates IE regulatory boards which would dictate how private enterprise is to operate.
    the gov't has to dictate, at least in some areas, how private enterprise is run. and if a co took bailout money, their sr mgmt must not have been doing such a good job, right? why reward them?

    after all, you're probably against people being able to keep their homes when they've exhibited bad judgement, right?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by apdst View Post
    Libbos hate people that make money. That's no secret. It's why PBO got the Libbos vote with his wealth redistribution, tax the rich and give to the poor, mantra.
    can you in anyway back up that sweeping generalization? no?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by Agent Ferris View Post
    It's official we now live in a fascist corporatist state where school children are forced to sing the praises of Il Duce, the 4th estate is a branch of the white house press office, all dissenters are punished or preemptively threatened, and the state runs private enterprise through unelected, unratified czars.

    **** you Obama you fascist POS.

    The government has no business bailing out anyone and czars have no business dictating anything.

    That said anyone receiving tax payer aid/mooching off the tax payers should be subject to stipulations. If you recieve welfare and foodstamps you should be subjected to urinalyses, smoking and alcohol restrictions and before to submit proof that you have been looking for a job,and or attending school to help yourself become financially independent. If you receive a bailout form the tax payers there should be guidelines what you can and can not do with that money such as bonuses(yeah I know they are small compared to the actual bailouts, it the principal of it) or the max you can pay someone,recreation.retreats and so on, however that **** should be in the agreement before receiving the bailouts. And once someone is off public assistance then they should not longer be subjected to urinalysis by the government or be required to show proof that one is getting a job or trying to make themselves financially independent or be subjected to bonus bans and wage caps.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by apdst View Post
    Why? Because he's a bad manager? Makes too much money and you you hate people who make money? Why, in this the freest country in the world, should he be run out of town on a rail?

    Please explain.
    Well, they DID run their companies into the ground to the point where they ended up taking Federal bailout money in order to stay in business. And when you take Federal money, there are Federal strings attached. If those people don't like the strings, then they should just give all the money back.

    IMHO, the big governmental mistake here was not forcing a few people to take less bonuses. It was bailing out these companies in the first place. In a free market, you either sink or swim, and if you treat your company like your personal piggy bank, while running it into the ground, then you SHOULD go out of business, and let other companies in the free market system take your niche of the market, because you do NOT deserve it.
    Last edited by danarhea; 10-22-09 at 05:15 PM.
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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by Goldenboy219 View Post
    I was joking!
    ahhhh.

    Quote Originally Posted by Agent Ferris View Post
    So do you agree with the state dictating to private industry? This is the text book definition of corporatism in the fascist sense.
    How did you get that from what I said? I don't disagree that Obama has the authority to do this, I'm pointing out that it's a stupid policy. If he really wanted to regulate pay, he'd be doing it a lot more than this. He doesn't really want to because he knows it would fail, so he's settling for regulating pay for a couple people because he knows it will get him headlines in HuffPost and NYT and he can talk about how he's fighting those evil CEOs to protect main street and all that other populist bull****.

    Quote Originally Posted by Phoenix View Post
    *bold by me
    Debateable at the very least. It has been held that the GW clause doesn't grant any power but is merely an explanation of the use of power previously mentioned in the Constitution.
    Not since 1936.

    United States v. Butler - Wikipedia, the free encyclopedia
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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by jamesrage View Post
    The government has no business bailing out anyone and czars have no business dictating anything.

    That said anyone receiving tax payer aid/mooching off the tax payers should be subject to stipulations. If you recieve welfare and foodstamps you should be subjected to urinalyses, smoking and alcohol restrictions and before to submit proof that you have been looking for a job,and or attending school to help yourself become financially independent. If you receive a bailout form the tax payers there should be guidelines what you can and can not do with that money such as bonuses(yeah I know they are small compared to the actual bailouts, it the principal of it) or the max you can pay someone,recreation.retreats and so on, however that **** should be in the agreement before receiving the bailouts. And once someone is off public assistance then they should not longer be subjected to urinalysis by the government or be required to show proof that one is getting a job or trying to make themselves financially independent or be subjected to bonus bans and wage caps.
    then let's also have the sr management of those companies who took bailouts be subject to urinalysis, smoking and alcohol restrictions. one could argue those behaviors could affect their work.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by apdst View Post
    Libbos hate people that make money. That's no secret. It's why PBO got the Libbos vote with his wealth redistribution, tax the rich and give to the poor, mantra.
    Why would the wealthy "libbo's" vote for him if we was so detrimental to their wealth?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by liblady View Post
    can you in anyway back up that sweeping generalization? no?
    You weren't awake last year, were you? Are we to beleive that you totally missed it when PBO said all that stuff? Or, are you in denial?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Czar to substantially cut pay: Summers

    Quote Originally Posted by liblady View Post
    the gov't has to dictate, at least in some areas, how private enterprise is run. and if a co took bailout money, their sr mgmt must not have been doing such a good job, right? why reward them?
    The government has no ****ing right to determine when to fire an employee or when to cut pay. That is called corporatism as is found in a fascist society. We could have had the bailouts without the nationalization of private industry as was witnessed under the Bush administration with the airlines, and guess what? It worked they rebounded.

    after all, you're probably against people being able to keep their homes when they've exhibited bad judgement, right?
    I was opposed to the bailouts as well but would support bailouts for small businesses without the heavy regulatory conditions involved because it is small businesses that employ the majority of people in this country and if we did that maybe we could cut the record unemployment and people could actually afford to keep their homes.

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