Wednesday, February 04, 2009

FREEZE!

FILE UNDER: Words/A Moment of Clarity/Oh Word?/POLITICS AND AMERICA: Now that we've found love, what are we gonna do with it?


"Nuh uh uh. Not so fast!"

"WASHINGTON — President Obama on Wednesday announced a salary cap of $500,000 for top executives at companies that receive large amounts of bailout money, calling the step an expression not only of fairness but of “basic common sense."

“We all need to take responsibility,” the president said as he prompted Congress once again to act on his economic stimulus program and repeated his accusations that some Wall Street executives had shown “the height of irresponsibility” when millions of non-wealthy Americans were bearing the burden of Wall Street’s failures..."

  • NEW YORK TIMES: Obama Calls for ‘Common Sense’ on Executive Pay
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