Mitch McConnell Now Concerned About Executive Compensation
By Heather Wednesday Mar 18, 2009 8:30am
You Tube
On The Situation Room, Mitch McConnell, now suddenly cares about executive compensation, in this interview with Wolf Blitzer:
Blitzer: There were efforts over the past several months as all of these various bailouts were going through. At least some wanted to impose some caps on salaries for CEO's and top executives of these major corporations, these major financial institutions who were receiving tax payer money. But a lot of that just simply died. Why?
McConnell: Well there's always been a big debate about just how much you can micro-manage the company and keep it profitable but the cold hard reality is, and the message to American business is if you want tax payer dollars, if you're going to have the government as your partner, you're going to have to operate in a different sort of way. I'm among those who would like to see not very many companies with the government as a partner.
But if you're going to have the government as a partner you can't operate in the same way. Obviously AIG is trying to have it both ways and I want to know directly from the Secretary of the Treasury why they got thirty billion dollars a mere two weeks ago, apparently with no strings attached.
Here's McConnell back on Feb. 4th:
On Monday, Senate Minority Leader Mitch McConnell, R-Ky., suggested he doesn't like the idea of limiting executive compensation.
"What you have to do, it strikes me, is have some kind of parameters that don't have the government basically running the private business," McConnell said, according to ABC News' Jonathan Karl. "It is a tough challenge. I think we are all appalled by these -- some of these executive salary arrangements and bonus arrangements and perks and all the rest. On the other hand, I really don't want the government to take over these businesses and start telling them everything about what they can do. Then you truly have nationalized the business. So it is a delicate dance to try to prevent blatant abuses and still not have the government as a result of taking an equity position in the government telling them, for example, you can't pay dividends or you can't -- I mean, things that are just ordinary business practices. We have to resist the temptation to basically dictate to these businesses how to run every aspect of their operation.”
As noted as the Huffington Post back in February, the leaders of the GOP were railing against President Obama's proposal to limit executive compensation at a half a million dollars.
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like an old cabbage patch doll head that you might find lying in a dumpster
"Garbage Pail Kids"...
http://www.geocities.com/Area51/Station/9622/...
he looks like an old queen who's been ridden hard and put away wet one too many times.
an old queen that has given to many
shoulder rides to his face. they must
have held on to those jowles to pull
them down. ride-um cowboy....heehaw !!!!!!!
is expressed by the fact that McConnell is their leader in the senate.
McConnell is THE quintessential weasel.
http://www.youtube.com/watch?v=Gx-rIgeMpas&fe...
The Frank Bill, HR 384 passed the House on Jan 22 and it waiting for Republican support in the Senate. Much tougher and far more comprehensive.
Coming from him, it was NOT contagious...
So Mitch are you for regulation or not? Republicans good, Democrats bad...other than that, nothing.
hey wolf...why didnt you play the tapes of mitch and other repugs crying over limitations on corporate salaries
this is why these fucks can continue saying lies
They're a tee pee, they're a wigwam...
They're just to tense.
their brains are too tense. Too tense the size of normal brains.
Jon Stewart is the master of the video clip. how the team at the daily show track that stuff down is amazing, i hope they are paid handsomely.
Spot On The Money.
Wolf plays the chicken game as well as any rethug or msm reporter.
Too chicken to call them out with proof, and lets just pretend we are doing a great job exposing President Obama's (insert here) change of thinking.
LOL, the GOP are trying to sell their base, the CEOs, down the river for political expediency.
McConnell, is basically posturing in hopes he can find a cause, any cause, that can define the GOP... since right now they stand for only one thing: Obstructionism.
I say this is just political posturing, because everybody knows that the GOP will do absolutely nothing regarding these bonuses, much less try to force these MBA parasites to pay their fair share of the tax bill.
In other words, the GOP can go pound salt for all I care...
"Look, here I am getting mad at those big bad execs. Vote for me!"
Never mind what I didn't do in the previous two, four or six years+...
While there are certainly some crooked Democrats, the Republicans are almost thoroughly corrupt, as a group. Particularly where big business is concerned. They don'w like regulation or taxation. And when things go wrong on their watch, it's always someone else's fault. I feel sorry for the children they bring into the world, for they have no choice but be corrupted.
they just don't get it do they? the repiglican party, what a freak'in joke they are.
well said leftandleft. they stand right in front of the hurricane fan and try and throw shit through it. then, wonder why they have shit on their face.
http://www.youtube.com/watch?v=SYxvVe9y5NQ
So is the President.
The Real AIG Scandal:
http://www.slate.com/id/2213942/
Told ya it was a distraction.
.
Senate quietly stripped measure restricting bonuses from bailout legislation
http://rawstory.com/news/2008/Senate_quietly_...
... Of course Corporate America couldn't have done this to Americans without the assistance of the Senate! Of Course!!!
.
Senator "Gasbag" finally sees the light? Yeah, but only after the tide has turned 100% against him. They fought regulation tooth and nail and then wondered aloud how things got out of control. What a bunch of windbags these REPUKES are.
Which way is the wind blowing today, Mitch?
That Depends
Did rash limpballs eat beans today
And which way is he facing?
AS Glenn Greenwald puts it in his blog post:
The exemption for already existing compensation agreements -- the exact provision that is now protecting the AIG bonus payments -- was inserted at the White House's insistence and over Dodd's objections. But now that a political scandal has erupted over these payments, the White House is trying to deflect blame from itself and heap it all on Chris Dodd by claiming that it was Dodd who was responsible for that exemption.
Also see GetALife's post above from Salon about the Real AIG Scandel.
I just glanced at an opinion poll the Democrats have 50% approval, and 40% disapproval, the other 10% being split.
The republiturds have 29% favorable to 61% unfavorable.
The GOP...holding strong with the 25%ers!
http://www.youtube.com/watch?v=w9ao0NZAN3I
more of the same BS from mcJowl, as evident in the provided documentation.
yet, go back to october 0f 08 and mcJowl's tune was: Senate Minority Leader Mitch McConnell, R-Ky., laid out four principles for a deal with the White House: a limit on executive pay, more protection for taxpayers, a guarantee any possible profits from asset sales be devoted to deficit reduction, and greater transparency.
i think this was yet another ploy by this shell of a shell; seeing that he got $1,093,374 from the securities/investment sector...
he knows that none of his faux-populist proposals will ever come to fruition, and thus can pose as a man of the people as he sells us into slavery. after all, a politician doesn't get a 100% rating for their pro-business voting record from the CoC by actually pushing thru the congress their faux-populism
I saw that show yesterday.
It was irritating watching Blitzer toss this creep softballs.
Surely CNN is capable of challenging these guys on a few pertinent points visa vie Crooks and Liars?
Just the whole charade of these unrepentant super-capitalists pretending outrage over this compensation is nauseating.
Just wait until Rush Limpballs gets ahold of this. Then McConnell will come back, grovelling on his hands and knees to the GOP Messiah, and go back to his old ways of February 4.
Mitch McConnell is just a compliant
butt boy for the corporate elite.
he would rather see America's economy
destroyed before he will limit the outrageous
bonuses that are being paid out.
What an ass.
of business. We haven't "nationalized" anything. WE BOUGHT THE COMPANY.
Nationalization would mean we put someone from the government in charge of AIG. All we did was buy up the company. And as any shareholders, we can decide who we want to run the company and what we feel is fair compensation.
So tell me, when does this old fart next come up for election?
I'm betting the closer he comes to the election, the more he's going to change his tune about executive compensation. He's on the wrong side on this, and now he's realizing he's fucked. Hey, Kentucky, dump him!
You mean putz blitzer didnt call mconnel on this blatant Bs....NO? well I guess he does have soft balls it actually take a journalist with integrity and some ethics to actually do the job on cnn not some over used payed hack who's only talent it seems is reading from a peice of paper..wish cnn would find such a jounalist but that would make it less competitive with faux noise
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