No Longer a Handout

February 4, 2009 at 6:47 pm Leave a comment

Obama rejected arguments by the Republican party to reward executives for failure.  Who would argue for allowing corporations who are essentially on welfare to keep giving billions in tax dollars to executives?  Senate Minority Leader Mitch McConnell, the voice of the Senate Repubicans.

In the light of the billions given away in bonuses under the Bush Administration’s handouts, the Obama administration is making some changes and starting today, the bailout is no longer a handout.  Under the new plan, beneficiaries of corporate welfare will have limits on executive compensation.  If the company doesn’t want to cut its executive pay it doesn’t have to – it just won’t get assistance.  We’ll help those who first help themselves, right?  That goes for you Wall Street executives, too. 

 Stop taking our tax-dollars and you’ll be free to do as you choose.  The tax dollars should go to help Americans who need help, to improve our infrastructure, to keep our country secure.  To provide beach-front vacation homes for wealthy executives….not the purpose of tax dollars.



Entry filed under: Politics. Tags: , , , , .

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