It seems one line of Republican defense will hold. They will die defending one hill, sending more and more into the breach to replace those who have fallen. They will never give up on excessive CEO compensation!!
As articulated by our nation's foremost sign-language gorilla George W and broadcast wide by his dutiful chimps in Congress, making sure CEO's who take taxpayer money don't collect tens of millions in bonuses is "punitive" and will "decrease participation in the program." This was further enunciated by Ben "Big Bailout" Bernanke, FEDhead and alliteration king, in congressional testimony today.
To which I say: good. I'm glad it's punitive and I hope it will decrease involvement. Because if a CEO is not willing to take a pay hit to get free billions then his company isn't really in danger and doesn't really need a bailout, does it? If you do need free billions in order to stave off failure then guess what, you're a fucking incompetent failure and you don't deserve a massive bonus for needing Uncle Sam to throw you a lifeline. I'm begging you Republican party, defend this en masse. For years your slogan has been "Fuck the working class", I just want you to put the giant, marble, monument of an exclamation point at the end of it. Before November.
Tuesday, September 23, 2008
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