Obama Really Stuck A Dagger In Them With the CEO Cap

[Solomon]

That's the truth. That's why they are hollering so loud about it. It resonates with the average down to earth American. It's logical. It makes sense. It can be supported by evidence and rational reasons. On the other hand, their idea that letting the rich get richer is the best thing for the economy is nothing but a theory. One that has had plenty of time in which to reveal whether it is suitable for the 21st century or not.

They can spin it anyway they want. But this one resonates deep down with everybody. Are they saying our system should continue to overreward those who failed? That's absurd. It won't hold. Lee Iacocca paid himself a $1 salary VOLUNTARILY. And then he paid back the money he used after he brought the comapny back. These guys can't live on $500,000?

They can't win on this one. Nothing sounds as stupid as a working class person complaining that Obama is capping failed CEOs' salaries.

[Alexander]

1. The problem with capitalism is that it's been tried already.

I can't remember who said that. Maybe Galbraith.

[rockymountaindem]

2. Galbraith said that about Friedman

"The problem with his ideas is that they have been tried", I think, was the exact quote.

[Solomon]

3. LOL

All the labels are blurred now anyway. We have certainly been living in a socialist system for the rich. No doubt about it. When the whole rightsof man thing first got started, the idea was that only men of property had full constitutional rights. We evolved through that, but the ones with substantial property still hold on to the idea that somehow, they have rights that you and I don't have. Like the right to fail and still be compensated for it.

There's been a lot of failing upwards for people in that class. Look at George Bush. Failed at everything he did but then he would get an even better job. LOL No wonder they bitch and moan about changing things.

[Fire_Medic_Dave]

4. Only it doesn't apply to the people that already got bailed out.

[WindRiverMan]

5. It is not just CEO's, the self indulgent of the business owners is impossible.

I live in a boom town from oil development. I am an environmental scientist, my wife works at a local auto dealership. The town itself has seen very little growth in infrastructure, only oil related businesses seem to prosper despite a population increase of 200%. It makes life rough as stores are always poorly stocked, groceries expensive, and services hard to come by. Businesses have a hell of a time keeping employees on staff. One day while conversing with her boss, he told me that the problem with the town was that no one would work for ten dollars an hour when they could go make twice that in the fields, hence the town stagnating.

I replied that an even greater part of the problem was that every business owner thought that they were fucking Lee Iacocca and paid themselves exhorbitant salaries while asking their help to work for low wages and no benefits. Look at you, I told him. You have a fucking million dollar house and you pay my wife $12 an hour. Hell, that is slave wages considering there are no benefits, just straight labor costs. You run a business that nets a couple hundred thousand a year, and you pay yourself well over half of it. Your problem is you business owners started believing your own bullshit. Pay your employees a living wage and give them a benefit package and maybe you would not have 40% turnover rates.

My wife did not speak to me for a few days but that's okay, I was well entertained gloating and rehashing the conversation in my head.

[Muttocracy]

6. Thank you Bernie Sander, (and McCaskill and Obama later) nt