Monday, September 22, 2008
What the Hell?
"Deputy White House spokesman Tony Fratto later urged Congress to not insist on a cap for executive compensation [as part of the finance bailout." Can you believe this? And not too long ago, "Sen. John McCain, the Republican presidential candidate who recently said the fundamentals of the economy were strong,..." Of course, if I owned 14 homes (more or less) and 13 cars (give or take), I'd guess I'd consider the economy pretty darn strong too.
These execs are the one who held the reins of the runaway loan fiasco. As I've said before, no one forced homeowners to buy big beyond their means. No one held a gun to anyone's head forcing them to buy 3000 sq. ft. homes, $40,000 SUVs or $3000 LCD televisions. Me and my wife are in a 1,300 sq. ft. home, drive a couple of small and older cars, and watch a ten year old 36" television using a pair of rabbit ears. Would I like to watch TV on a 52" screen or drive a $45,000 Saab? Sure. And I could get the credit to buy any of that. But why?
Labels: government
