Give me Your Money. I'm Obama's Pay Czar.
Since Obama’s Pay Czar, Kenneth Feinberg, is cutting executive’s pay at several bailed-out firms and Ben Bernanke wants to do the same with banks, including those that did not take any federal bail out money, I have a question. Will the Pay Czar goes after General Electric’s CEO Jeff Immelt? GE received billions of T.A.R.P. funds even though GE is not a bank.
I don’t foresee this happening anytime soon considering GE, Jeff Immelt and the an>Obama administration are in bed together. Not to mention MSNBC, owned by GE, being pro-Obama. Immelt is also an Obama economic adviser and GE is looking to benefit with these close ties. Obama wants all medical records digitalized into an electronic database. Guess who is going to take billions of taxpayer dollars to implement it? Guess what two letter corporation also will benefit if cap-and-trade is passed? Give up?
General Electric is so far up Obama’s ass they are peaking out from behind his tonsils. I believe the Pay Czar should restrict Immelt’s pay just like all the others who received T.A.R.P. welfare. Fair is fair wouldn’t you say?
Of course, those on the left will tell everyone this is not socialism. In their socialist hearts, telling corporations how much they can pay their executives is just the American way. I’m certain the founding fathers are turning in their graves at the thought of government dictating pay scales in the private sector.
I always like the saying “What’s good for the goose is good for the gander.” I’m calling for Obama and his Pay Czar to cut GE CEO’s pay. GE accepted T.A.R.P. funds and should be held to the same standards the other corporations face. Fair is only fair when applied to all that play the game.
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