Welfare Queens protest proposed cut in benefits

[marmar]

Obama to Work on Executive Pay Limits After Industry Complaints
By Brian Faler and Ryan Donmoyer


Feb. 14 (Bloomberg) -- The Obama administration said it would work with Congress on limiting executive pay at banks that get federal bailout money after critics said tough new restrictions in an economic stimulus plan would prompt talented managers to leave.

The limits, championed by Senate Banking Committee Chairman Christopher Dodd, were tucked into the $787 billion fiscal stimulus bill approved yesterday by Congress. President Barack Obama plans to sign the stimulus bill into law Feb. 17 in Denver, said his spokeswoman, Jen Psaki.

The administration sought to make “technical” changes in the executive-pay restrictions before the plan was approved by Congress, Psaki said today in an e-mailed statement.

“The president shares a deep concern about excessive executive compensation” and “he looks forward to working with Congress to responsibly address this issue,” she said.

Administration officials wanted to keep the executive compensation measures as part of the financial sector rescue package, according to a person familiar with the administration’s views. This person said the executive compensation provision in the stimulus bill was a contentious issue. The administration decided not to fight the provision because of the possibility that it would have to go back to Congress for more bailout funds, the person said. ........(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=a7OkF6O1OaY0&refer=home

[Barack_America]

1. Mmm. I like your headline better.

:thumbsup:

[dflprincess]

2. There's a lot of welfare kings here as well

Just think of the hoops someone who needs foodstamps or housing or medical assistance has to go through. And then there's the insanely low income ceilings those programs have, and these asses are whining about "only" getting $400,000 or $500,000 a year? I think I'll :puke:

[marmar]

3. Indeed....they're mostly welfare KINGS. I just used that term because it was St. Ronnie's fave......

..... and we get to turn it around on the corporate assholes.

[BlooInBloo]

4. Since when did they start allowing female bank executives?

[marmar]

5. Just taking the Repug term and turning it around on them.....Not meant to be taken literally.

A "Welfare Queen" in this case doesn't have a gender.

[FreakinDJ]

6. Love the Thread tittle