Senator Hypocrisy
Over at Dome, Sen. Hagan has become the latest Democrat to feign outrage at the bloated salaries of Wall Street executives receiving bailout funds.
Now I can't imagine that Kay Hagan is honestly confused about why CEOs are making large amounts of money. She was formerly a VP of North Carolina National Bank, right? After all, Senator Hagan is worth somewhere between $4 and $40 million herself. (Speaking of more money than most of us will make in a lifetime.) This makes her the 13th wealthiest member of the U.S. Senate.
This isn't to say that those Wall Street CEOs are worth a dime. Limiting their salary to $400,000 isn't nearly a punitive enough measure as these people have driven their companies into the ground and driven our economy to the brink of collapse. Even after all that, they have the indecency to come grovelling for taxpayer money as if we should be on the hook for their mistakes. However, it is their employers who should be reducing their salary to 0, not hypocritical Washington politicians looking to feign outrage, preen with populism, and look like men and women of the people. Spare me your righteous indignation, Senator Hypocrisy. Leave that to the people who are actually hurting these days.
Meanwhile, Senator Burr makes TMZ for (gasp!) driving his own car, a 1974 VW Thing. Now that's the kind of conservative thrift I am looking for in a Senator from North Carolina!
Comments
The rut how you conscientious
The rut how you conscientious to talk about some posts at here seems to me different. There are unquestionably other posts at here,but i didn't bargain measure post related to projects like 642-825 exam. if someone have information about it,do tell me!Well any updates related to this post?if yes than do tell me!actually i came here while surfing net to get data related to projects of 1Y0-A05 exam and find this post different one. Is there anyone having information about 646-204 exam and 70-647 exam? if yes than do tell me!By the way what is your opinion about insurance AND interest?is it ethical?i don't think so!Any updates?
What Works for Mr. Ensign . . .
SEN. JOHN ENSIGN held a news conference this week to admit that he had an affair with a campaign worker. Mr. Ensign's marital infidelity is a matter between him and his wife. Mr. Ensign's hypocrisy -- all too familiar to District residents, for reasons we will come to in a moment -- is a matter of legitimately broader interest. Mr. Ensign, a leading conservative voice of his party with presidential aspirations, termed his adultery "absolutely the worst thing that I've ever done in my life." He didn't explain why he had decided to disclose cheap flights the affair, but Politico and other media outlets reported that the husband of the woman involved asked him for a substantial amount of money. It's an assertion that warrants further explanation. Mr. Ensign said he remains committed to serving in the Senate, although he did resign a GOP leadership post.
We couldn't help but contrast Mr. Ensign's contrition with his bombast in calling on President Bill Clinton to resign after the disclosure of Mr. Clinton's relationship with White House intern Monica Lewinsky. Or his aggressive, but unsuccessful, flight deals campaign to get then-Sen. Larry E. Craig (R-Idaho) to resign following his arrest in an airport bathroom sex sting. But then, a certain relativism in world view is nothing new for the Nevada senator. Mr. Ensign, you see, is the senator who attached to the D.C. voting rights bill a noxious amendment that would strip the District of the right to write its own gun laws. He claimed his interest was in gun rights, not in blocking democracy for the District. If that were so, he might have simply moved to disallow the District's gun-regulation legislation; he didn't bother to try. More to the point, he would never, las vegas flights in a million years, strip Nevada officials of their right to write local laws or in any other way visit upon them so extreme a sovereignty-stripping measure. But then, what works for Mr. Ensign at any given moment is the only thing that seems to matter.
"This Democrat is corrupt" is
"This Democrat is corrupt" is akin to "that water is wet" I think. It's axiomatic. Or, well, very nearly so, anyway. You have a few, or maybe only the one like Kucinich who just believes in the liberal philosophy; but has apparently managed to keep himself uncorrupted, and he occasionally even tries to obey the Constitution.
I believe Hagan is irrevocably corrupt, and in the game for her own self-interest only. She will say, anything and do, anything to please the folks who paid for her election.
Hagan Off and Running
Hagan joined with the only self-proclaimed SOCIALIST congressman Bernie Saunders of Vermont to sponsor the bill. Not good company...
Hagan Cosponsors Amendment to Limit Executive Pay
Wanted to make sure your readers saw the release Sen. Hagan's office sent out. Sen. Hagan joined with Sens. Sanders, McCaskill, Harkin and others on this issue.
**Disclosure: I am Senator Hagan's Communications Director.
HAGAN COSPONSORS AMENDMENT TO LIMIT EXECUTIVE PAY
Including Bonuses, Executives of Companies Receiving TARP Funding
Would Not Get Compensation Greater Than the President of the United States
February 4, 2009
Contact:
David Hoffman
David_Hoffman@hagan.senate.gov
202-657-2007
Sadie Weiner
Sadie_Weiner@hagan.senate.gov
202-224-9954
WASHINGTON, D.C. – In an effort to reign in executive compensation at companies being supported by infusions of taxpayer dollars, U.S. Senator Kay R. Hagan (D-NC) joined U.S. Senators Claire McCaskill (D-MO), Bernie Sanders (I-VT), and Tom Harkin (D-IA) to cosponsor the “Cap Executive Officer Pay Act of 2009” as an amendment to the Senate’s Economic Recovery Package. Under the amendment, CEOs and other executives at companies receiving assistance through the Troubled Asset Relief Program (TARP) would not be permitted to make more in salary and bonuses than the President of the United States.
“Upon review of how the first installment of emergency TARP funding was spent, we learned that the banks receiving funds paid their top executives an average of $2.6 million in salary and bonuses,” said Sen. Hagan. “This is a slap in the face to millions of Americans who can’t understand why the same companies who sought out taxpayer dollars to bail them out were in turn paying their top executives more money than many folks will make in a lifetime. It’s unacceptable, it’s unconscionable, and by co-sponsorsing this measure, I’m joining the chorus of Americans who have said, “Enough.” The CEO Pay Act is common sense reform with a straightforward principle – if a company is receiving taxpayer dollars, that company cannot pay their top executives more than the top executive officer of the federal government.”
The CEO Pay Act would apply for as long as a company receives federal assistance or owes an obligation to the government related to TARP funding. Once they government has been repaid in full, this measure would no longer apply. In December, the Associated Press calculated that $1.6 billion went to executive compensation at banks that received the initial infusion of TARP money.
###
That's the quote
Thanks for pointing out the quote here, Colleen.
"This is a slap in the face to millions of Americans who can’t understand why the same companies who sought out taxpayer dollars to bail them out were in turn paying their top executives more money than many folks will make in a lifetime."
Feigning outrage at the $2.6 million made by CEOs while Sen. Hagan is worth between $4 and $40 million. See, that's the hypocritical part.
Is there anyway you can give us a hint about her actual net worth? OpenSecrets left me with a pretty wide gap. Most of us know our net worth within a $36 million range. Is it closer to $4 or $40 million really?