The Nation: Donald Trump and Socialists versus Wall Street CEOs

[amborin]

<snip>

"There has been a good deal of grumbling from Wall Street about President Obama's proposal to cap CEO pay at companies that accept federal bailout money. The line of complaint generally comes around to the question: "How can you get good help for $500,000? Donald Trump--who knows a thing or two about attracting executive talent, or at least plays someone who does on TV -- thinks that's silly...."

<snip>

"...Moore says that Socialism stands for "a fundamental transformation of the economy," and that only a "global" transformation from capitalism to democratic socialism will provide the conditions for international peace, justice and economic cooperation.

Moore argues that Socialism is seeking a "classless society," one that is fairer and more egalitarian, and where the majority of citizens can benefit from a more democratic economic system, instead of rewarding only the select few at the top. "An executive salary cap, as a bailout condition, is a good start, in our direction toward socialism," Moore happily stated.

Obama may be struggling to get Republicans and Democrats together. He may even be struggling to get mainstream Democrats and Blue Dog fifth columnists on the same page. But the president has united Donald Trump and the Socialists. Just the extremes? Perhaps. But the American people are with Trump and the Socialists. Polls consistently show that roughly two-thirds of Americans (63 percent in a USA Today survey) say it is "very important" to limit the pay of executives whose firms benefit from the plan. "

from: The Nation

<http://www.thenation.com/blogs/state_of_change/405959/donald_trump_and_the_socialists_versus_the_ceos?rel=hpbox>

[Jefferson23]

1. Memo to Trump, don't want a pay cut, don't take the bail out.

[MannyGoldstein]

2. Actually, That's What Trump's Saying

He's in favor of it.

[Jefferson23]

3. My mistake, thanks for pointing that out Manny. Good for Trump.

[MichiganVote]

4. If anyone knows how to recognize overpaid prima donna's it Donald Trump.

But at least he built his company, unlike these so called bankers who have had money handed to them hand over fist--even before the bail outs.