Wednesday, February 04, 2009

i have to say, i wholeheartedly approve of the wage cap president obama is seeking to impose on executives at banks and other financial firms that receive federal aid. given that most of these guys are the ones responsible for the financial straits that not only their companies but the whole fucking economy are in, it seems that the very first belts to get tightened should be theirs.

in fact, i'll go obama one better. i think that, as a condition of receiving federal bailout money, every upper echelon executive at said firm oughtta be fired, with no severance, and that the next tier of people oughtta get moved up the ladder, with the salary cap in place. if they can pay the money back and take the company back to the private sector, where it can stand on its own two feet and compete, then let their boards pay them however much the market dictates. but the bums that got us into this situation oughtta be thrown out on their asses and left to survive on their measly hundred of millions in compensation they took before their companies went ass-up because of their mismanagement.

actions should have consequences. they done fucked up, and oughtta pay the price. it's not like they're gonna starve.

update: goddamnit.

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