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Cagey gamesmanship - The Fucking Bluebird of Goddamn Happiness [entries|archive|friends|userinfo]
Zoethe

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Cagey gamesmanship [Sep. 24th, 2008|03:18 pm]
Zoethe
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So, making some kind of HUGE concession, the Bush administration will not put up a fight against limiting "golden parachutes" for bungling CEOs and managers who might be forced to leave their positions in the Wall Street shakeup.

Oh, please. I'm reminded of the Shrub's bold and comprehensive energy-saving strategy of moving Daylight Savings Time back a whole month - it's one more meaningless gesture. These poor fellows will have to walk away with only the millions they've already hoarded away and not enough additional dosh to allow them to buy a small island nation. How will they survive?

In the meantime, this fact makes not even the slightest dent in the amount of money being asked for, and I'm sure that the crafters of the plan are hoping that, having given this "crucial change" (I kid you not; that is what the AP writers termed it), they will be able to slip past with minimal oversight requirements.

I applaud John McCain for stating that the bailout needs more oversight. He and Barack Obama appear to be setting aside their campaigns to go back to Washington and do the work for which they have been elected.

Feet need to be held to fires in this, and Paulsen and Bernanke are not willing to do it. When asked why they need all $700 billion at one time, when they project spending at about 50 billion a month, Paulsen basically said, "well, we want it all in case we need it, and it will be bad if you don't give it to us."

I'm feeling a tar-and-feathering coming on....
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Comments:
[User Picture]From: mamculuna
2008-09-24 07:57 pm (UTC)
MMm, agree on almost everything, but suspending the campaign and cancelling the debate is a win for McCain and a loss for Obama.
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[User Picture]From: zoethe
2008-09-24 07:58 pm (UTC)
Considering that this needs to be handled quickly, I am hoping that it won't lead to any significant delays.
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[User Picture]From: roaming
2008-09-24 08:24 pm (UTC)
Paulsen keeps using the term "market confidence." I just have to listen to him stutter to realize the extent of his blithering idiocy and that I have NO confidence in him or his plans!
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[User Picture]From: jeffpalmatier
2008-09-24 10:20 pm (UTC)
the Bush administration will not put up a fight against limiting "golden parachutes" for bungling CEOs and managers who might be forced to leave their positions in the Wall Street shakeup.

This is an incredibly bad move. Us peasants will revolt if they allow the dickheads who fucked up their companies to go away with literally millions when so many people trying to get by on a minimum wage job (or not much more than that.) Isn't the whole point to capitalism that your pay should be tied to performance? If a company goes under during your watch, then you don't deserve a golden parachute . . . you deserve a golden shower, though.
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[User Picture]From: zoethe
2008-09-25 01:00 am (UTC)
I think you are reading it backwards. Bush didn't want to limit the golden parachutes, but Congress said, "WTF" and after putting up a fuss for a while the administration conceded that parachutes can be limited.

Whereas I think that summarily stripping these people of their ill-gotten wealth would be a much more acceptable solution.
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[User Picture]From: jeffpalmatier
2008-09-25 01:23 am (UTC)
When I said 'they', I meant Bush and his administration.
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[User Picture]From: zoethe
2008-09-25 02:10 am (UTC)
Ah, okay. Got it.
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[User Picture]From: jeffpalmatier
2008-09-25 02:51 am (UTC)
:-D
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[User Picture]From: jeffpalmatier
2008-09-25 03:22 am (UTC)
You have to be really careful using pronouns for the obvious reason that they can be easily misunderstood. I should know better than to reply to other's posts when I have a blinding headache like today or when I'm tired because I'm even more incoherent than usual. :-)
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[User Picture]From: zoethe
2008-09-25 04:36 am (UTC)
Aw. Feel better!
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[User Picture]From: kisekinotenshi
2008-09-25 01:28 am (UTC)
It's all so ridiculous. My mother's fatalist handyman/housecleaner made the comment today that in eight months we'll all be fighting each other for food in the street, and for a brief second I considered that he may be right. Then my brain went "WTF MATE" and I regained my sanity. It's still really scary, though.
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