Wednesday, February 4, 2009
But What About Haircuts?
Just watching Morning Joe again today and listening to Scarborough harp about how President Obama is "naive" to try to limit the compensation of executives at financial institutions who take TARP money to $500,000 a year. According to old Scar, with an assist from Mikaborg, its necessary to pay Wall Street execs enormous bonuses even after they come to the government for a bailout. Now setting aside for a moment that this is a 180 from just yesterday when he was cheering the idea of cutting executive pay on when it was Claire McCaskill's idea, but doesn't anyone else remember all the talk about haircuts when it came to bailing out the Big 3 auto workers? I remember Mika and Scar vividly. "Ohhhh the union workers have to take a haircut to get this money". So a person making say $30 or $40 an hour actually making something in this country, THEY need to take a paycut. But some fatcat big wig who has lot people's money and has in many cases lied to their clients, THEY should continue getting paid out the ass in Mika and Scar's world. Do these people know ANY regular Americans at all? Their ears aren't tin at this point, they are aluminum.
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You'd think, for a guy who spent the election calling himself an "Average Joe" he'd cut the hard workin' folks in the midwest a break. But now that he resides on the Upper West Side, he's just protecting his new crew.
ReplyDeleteAlso, Mark Haines is an idiot too. Dylan Ratigan is also starting to annoy me.
Dylan Ratigan uses what I would call his "DJ" voice wayyyyyyy too much for my liking. When you sound like you should be on the next puffy mixtape thats a problem. But Capehart this morning basically just turned into a wingnut for his 10 minutes on Morning Joe. Talk about a guy with nothing but weaksauce.
ReplyDeleteThe whole crew at CNBC's bread is buttered in Corporate America. Don't expect any kind of sensibility from them on this matter (although Ratigan is the most populist of the bunch).
ReplyDeleteThey fail to realize that those who they advocate for (bankers making millions) are now playing in an NBA where literally half the teams have folded (demand has halfed and supply doubled) and their talent retention case is now seriously flawed. But since they only talk to their kind all day it seems logical.
Plus I say if these guys want to leave let them go. There are literally thousands of JUST as skilled professionals who would love to try to get this thing fixed. The fallacy that most have failed to point out is the one that says only the guys in the positions right now can fix this mess.
k1
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