Ms. Informed

President Obama imposed a $500,000 salary cap yesterday on senior executive pay for all companies who receive government bailouts. Now, I was hearing about this at the gym while watching The Situation Room with Wolf Blitzer. (Which, by the way, is the coolest name. Almost as cool as Dexter Freebish. Almost.)

Blitzer then had CNN colleague Jack Cafferty weigh in on the topic, who, while not exactly saying that he himself thought it was socialism, did more than “suggest” the notion, in an effort to get viewers to email him their opinions.

I was getting so heated. Maybe it was the elliptical. But maybe it was his words. Everyone at the gym must have thought I was crazy, because at this point I was talking to the TV screen in front of me. “How is that socialism???” How is the government saying what they want done with THEIR money, socialism? The government is not coming in and telling these companies what to do with their own hard-earned money. No, the companies f**ked (hey, it’s a PG blog) that one up a long time ago. They don’t HAVE hard-earned money. Unless you consider my hard-earned money that will be taken from me in the form of taxes and they will receive in a pretty package termed “bailout.”

No where but on Wall Street can an employee drive his company so far into the ground and still get his million dollar salary, his million dollar bonus, his mansions, his yachts, his vacations and his open-bar holiday parties. The rich just keep getting richer, and this time, at the expense of the middle class. If I were to screw my job up as bad as these people did theirs, a salary cap would be the least of my concerns. Termination would be the more realistic option.

Millions of Americans are losing their jobs, their houses, their kids can’t go to college, they can’t put food on the table or make ends meet…all thanks to these greedy, selfish execs who created this problem in the first place.

I realize I am ranting now, but I am pissed, and I am glad and grateful that President Obama is doing something to end this complete lunacy, because that’s exactly what it is.

This entry was posted on Thursday, February 5th, 2009 at 9:05 am and is filed under Money, News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.