Thanks, Mr. Obama - keep the change

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I knew it was just a matter of time before Barack Obama pontificated his radical, unconstitutional, leftist agenda. Seriously, how arrogant is he to think that he can tell the private sector how much it can pay employees? The socialist edict was broadcast without any evidence of public outrage.

For Obama to state that companies cannot pay their CEOs more than $500,000 a year is brazen to say the least, and above all unconstitutional. Trust me, CEOs will get their money in some way, shape or form. I am as angry as most Americans about CEOs running companies into the ground inside of 12 months, only to get a seven-figure separation package. Why shareholders enter into such agreements escapes reason. However, it is their choice, and we are free to not do business with such companies. Obama should use some of his smarts that he allegedly received at Columbia and Harvard to bring people up rather than dictating who can make how much, which eventually hurts the poor.

Here's a story: Recently, Wall Street cut 88 percent of bonuses paid to workers, resulting in $1 billion less tax revenue for New York state, and $265 million for New York City. If the country does not rise in unison and call Obama's power-hungry declaration an act of resentment and jealousy, Georgia may feel a pinch too - perhaps not as much as New York, but we will feel it nonetheless. Less tax revenue, at the end of the day, leads to cuts in tax-funded programs that traditionally benefit the poor and disabled.

Keep the change, Barack. And for you readers who know better, it took Carter to get Reagan.

Lee Benedict

Martinez

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GGpap
528
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GGpap 02/24/09 - 03:24 am
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Well, Mr. Benedict, if one

Well, Mr. Benedict, if one puts the last eight years of Republican governance on the scale of common sense, and weighed its failure of following common sense as well as their abuse of governmental power, against the past 30 days of Democrat governance, I do believe that the Republican side of the scale (which would reflect their failures) would by FAR outweigh the good that has been accomplished so far on the Democrat side of the scale. But, I must admit; only time will tell. However, I do know that Obama's success or failure will not be determined by the wild-eyed, rabid ranting of the recent losers in the political arena. GGpap

TrukinRanger
1760
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TrukinRanger 02/24/09 - 04:03 am
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Mr. Benedict, the act of
Unpublished

Mr. Benedict, the act of limiting their salaries are for those CEO's of companies that receives assistance from taxpayers. It's not fair for us to bail their companies out and then they turn around and get their bonuses that are in the millions. I completely support this. If they would have managed their companies correctly from the start- then who would care if they got their bonus? As for New York not receiving tax money on these bonuses, perhaps we'll make up for it when these over-paid executives have to start paying taxes now that Bush's tax cuts for the wealthy are going down the drain.....

GACopperhead
6
Points
GACopperhead 02/24/09 - 04:55 am
0
0
Watch the news. There is an

Watch the news. There is an investigation into the bank that have received bailout money having tax shelters in other countries. They are cheats.

patriciathomas
43
Points
patriciathomas 02/24/09 - 05:26 am
0
0
Destroy the banking system.

Destroy the banking system. Destroy the manufacturing system. Destroy the investment system. Force all workers to join the National Socialist Workers Party. That'll show the filthy rich people where their place is. Nationalize all wealth, savings, IRAs, 401ks and real estate and redistribute it to the deserving masses equally. It's the only way to save this country. Look how well that idea has worked for the U.S.S.R. and Cuba and Venezuela. At last we'll be equal to the rest of this hemisphere. Our constitution guarantees equal results to all people. Vote Dem, be dim. Let's rise above the cheats. Lee Benedict, you're just trying to keep the real man down.

I4PUTT
5
Points
I4PUTT 02/24/09 - 06:13 am
0
0
The first two posters here

The first two posters here are foolish. The first makes a statement, then renounces it. Then accuses those who disagree with Obama as being wild eyed, rabid losers while he disagress rather wild eyed and rabidly with Bush. The 2nd poster not only bought into the socialism offered by Obama but has offered to be a soldier in the war against the rich who provide jobs for most of us. If we are trapped in a well the last thing we should do is burn all ladders in protest of our mistreatment.

CH
0
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CH 02/24/09 - 07:01 am
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By the time we finish paying

By the time we finish paying the taxes to pay for O's promises, change in our pockets is all we'll have. JINDAL/DeMINT 2010

bentman
481
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bentman 02/24/09 - 07:09 am
0
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Buying votes with my money.

Buying votes with my money.

dashiel
176
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dashiel 02/24/09 - 09:26 am
0
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The incestuous relationship

The incestuous relationship between Washington and Wall Street didn't start at the end of the Bush misadministration. Thery were in bed together from the beginning. If Obama can resurrect the American Dream after the destructiveness of these neocons, he WILL be the new Abraham Lincoln, if not Moses, who, incidentally, was also dark complected.

jack234
857
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jack234 02/24/09 - 09:32 am
0
0
Desperate times calls for

Desperate times calls for desperate measures. HELLO! HELLO!

Talkatoast
0
Points
Talkatoast 02/24/09 - 09:44 am
0
0
The CEOs don't even deserve

The CEOs don't even deserve 500,000 dollars a year. They don't do a whole lot to deserve that much of a salary, when their employees do more. But that's the only thing Obama's done right.

LittleLady
1
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LittleLady 02/24/09 - 10:43 am
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Some of the posters are

Some of the posters are missing the point of Lee Benedict's letter. The shareholders elect board of directors who in turn decides on CEO pay package. It is the shareholders' responsiblity to watch what their directors are doing and vote them out if they make irresponsible decisions. If you don't like what a company does, you can stop buying their product or service. The president of the United States should focus on the big picture, not micromanage companies. What qualification does he have in running a company that actually produces product/service and create real jobs for real people? The only jobs he has had are taxpayer funded jobs. he never created a single job for anybody and never produced anything that contribute to our economy.

steve-o
0
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steve-o 02/24/09 - 11:14 am
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Hussein's an idiot. This will

Hussein's an idiot. This will become clearer, and clearer as 2012 approaches, and then we won't have to deal with him anymore! BTW, the country didn't start going into a recession until nancy pelosi and her ilk took over congress and the senate in 2006. The GOP was riding a wave of growth, brought on by tax cuts up until that time. Even with the terror attacks on the World Trade Center, The republicans continued to spurr growth, rather than piddle in their pants and point fingers.

griesella
0
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griesella 02/24/09 - 11:35 am
0
0
Call it what it is: GREED!

Call it what it is: GREED! The business men who inflate stock in order to benefit themselves. The masses who cheat on their paperwork so that they can selfishly get more governmental assistance and not have to work for a living It is all the same. The poor and/or rich who only look out for "number one".

jack
11
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jack 02/24/09 - 12:20 pm
0
0
GGpap, how about 'splaining

GGpap, how about 'splaining how it is so good for BimbObama and the DIMs to foist the biggest fraud in our history called a "stimulus package" that ain't gonna' stimulate much. Also, tell us how Conservatives put us in the mess we are in. What we all better pray for is that we do not have another 9/11 because OBL and the other terrorists see a weak kneed President on the same model as Jimmy the Peanut Carter.

collegekid
6
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collegekid 02/24/09 - 12:26 pm
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Jack234, it isnt a despreate

Jack234, it isnt a despreate measure yet. Look at the Carter adminstration, the unemplyment was worse. You can't keep bailing out the banking and auto indusrties because they will only keep asking for more like they are doing now. Obama wouldn't bail me out if I needed it.

jack
11
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jack 02/24/09 - 12:30 pm
0
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GGpap, how about 'splaining

GGpap, how about 'splaining how it is so good for BimbObama and the DIMs to foist the biggest fraud in our history called a "stimulus package" that ain't gonna' stimulate much. Also, tell us how Conservatives put us in the mess we are in. What we all better pray for is that we do not have another 9/11 because OBL and the other terrorists see a weak kneed President on the same model as Jimmy the peanut Carter. I disagree with the writer about BimbObama capping bonuses as it only applies to those companies/banks that recieve bailout money. The CEOs stole enough of TARP 1.

Ken
0
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Ken 02/24/09 - 12:48 pm
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Mt sentiments exactly! This

Mt sentiments exactly! This will cure any independent or conservative from voting this way again. This titular leader is proving those of us who voted NO for Obama to be right on. The State of Georgia, along with most of the traditional southern states, voted NO for Obama. This voting block will not cave in to pontification gobbledygook that Obama is so good at. His promises are empty, his ability to lead is a joke and his own party is falling out of favor with him in only 30 short days in office. I'm sure the Democrats are saying where's Jimmy when we need him most?

Obamessiah
0
Points
Obamessiah 02/24/09 - 02:11 pm
0
0
These aren't desperate times.

These aren't desperate times. I have spoken to my grandparents and their friends who were alive during the REAL depression and just shake their heads.

toldya
0
Points
toldya 02/24/09 - 03:12 pm
0
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with any loans-mr/mrs.

with any loans-mr/mrs. benedict- there are guidelines. If the States borrow the money- you bet your sweet bippy that I, for one, insist that they curtail the million dollar salaries. What are you an executive at one of these corporations?

Tujeez1
0
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Tujeez1 02/24/09 - 04:25 pm
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0
The Democrats did that

The Democrats did that Benedict, It's called the "Death Tax".

Bizarro
13
Points
Bizarro 02/24/09 - 09:13 pm
0
0
Ford execs who haven't

Ford execs who haven't received bail out are voluntarily decreasing their salaries by 30%. With all the people who have lost their retirement money (which is everyone) and promises of raising taxes and more bailouts. Why doesn't Congress and our Prez voluntarily lower their salaries by 30% or more to evoke confidence they aren't just a bunch of crooks??? Everyone is suffering but none of them are-they are all millionaires look at their public tax returns. We should demand that they all lower their salaries and cut costs internally where possible. How bold Congressmen and women laud to cut exec salaries and they say let them eat cake to all of us. But they give nothing and probably gain from this bail out. Off with their heads!!!!!!!!

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