Today’s AYFKM? Award: Has Everybody Missed The Irony?

I heard this in the background today and am wondering if anybody else has picked up on the irony and hypocrisy of this statement?  (I’m writing it instead of using a video because hearing it sometimes goes wayyyyy tooooo fast.)

“What gets people upset — and rightfully so — are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers,” the president said.

Am I the only one that thinks that The One is being incredibly hypocritical?  Are we not rewarding failure right now by bailing these banks out?  Why should The One be concerned about capping someone’s salary when there is NO CAP IN SIGHT on how much money is given to the banks that were supposed to release it to ease the credit crunch, and instead, bought each other and consolidated their power base.  We are talking about the same executives that should have lost their jobs when their banks FAILED.  Why are they still employed?  Am I completely wrong about this view; am I?

The other point I wanted to make is that telling someone how much they can make at their job is soooooooooooooooooooooooooooooooooooo Un-AMERICAN!  I thought we were a republic, not a third world dictatorship.

Here is the rest of the story from WSJ:

Under the new rules, companies that receive “exceptional assistance” from taxpayers may not pay any top executive more than $500,000 a year. Any additional compensation would have to be in restricted stock that will not vest until taxpayers have been repaid.

This goes beyond current rules, which bar such companies from taking a tax deduction for compensation above half a million dollars.

“We’re going to be demanding some restraint in exchange for federal aid — so that when firms seek new federal dollars, we won’t find them up to the same old tricks,” Mr. Obama said at the White House.

Can The Monster get some “exceptional assistance”?  Can I? Can I?….for me and a few million of my closest friends……on second thought, nevermind…

Are you interested in signing up for the We The People Restore Our Constitution March in DC on May 30, 2009?

By Logistics Monster


  • General feeling I get from people is that this is hypocritical. If they wanted to limit salaries then it should have been in the bailout. I don’t believe the government has the right to limit anyone’s pay even if some of those compensation packages with bonuses were over the top.

  • It’s the principle Navyvet – don’t bail them, don’t tell them how much they can make! Jesus – let’s just walk everybody back to the Constitution and the Founding Father’s words about banks.

  • rumor on the net is that BO is planning to limit ALL executive salaries whether or not they took part in the bailout. Haven’t been able to track it down yet, but am trying. That is soooo-unAmerican.

    I agree there is hypocrisy in these statements: but am I wrong in thinking that coming from “the unready for prime time, may not be a citizen pres” the hypocrisy is thicker?

  • Not wrong in your thinking – but we can’t get anyone to listen and you know what they say – it’s about what you can prove…we know and they know he isn’t eligible but until we can figure out a way to force them to hear the cases – we have to put up with his crap and hope for an impeachable offense.

  • Hypocrisy, thy name is Obama.

    Does he think for one minute that we don’t know all his ranting about bonuses is only window dressing? It means about as much as his many paged application for employment. How did he manage to pick so many people with dirty hands with the application questions that were supposedly asked?

    Privately he is probably telling his banker friends “don’t worry, I’ve got your back”. After all he might need them again to contribute to another campaign – when he runs for King of the World.

  • Lee – the obots are waking up….finally! The first stage was the relative quiet across the net, now they are starting to talk amongst themselves – it’s coming…. :::smirk:::

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