Want to revive the GOP base and become a 1 term president just try to

[CK_John]

put caps on salaries. Joe/Jane 6 pack continue to live and believe that someday they will be making those big bucks and don't you dare kill the dream.

[villager]

1. yeah, my progessivism leans toward letting CEOs steal my tax dollars, too...

n/t

[dionysus]

20. pssst, there's limits on the ceo pay for the bailout companies.

you're not supporting non bailout companies with your tax dollars...

[villager]

22. well, putting aside their tax breaks and all the welfare "capitalism"

...that allow these companies to thrive...

Still not sure that working folk would get "infuriated" by reigning in the predator class, however...

[Arkana]

2. Pretty sure going after CEOs isn't going to piss off the middle-class.

Obama realizes the real power is in the hands of the powerless.

Those hands passed it to him in 2008.

[bluestateguy]

3. I'm not sure what you are talking about

But the caps only apply to bailed out companies, in which case there will be public support for that.

[CK_John]

6. Talk of caps for all via FEC bad move; n/t

[bluestateguy]

7. The Federal Election Commission?

Now you've lost me.

[CK_John]

10. SEC , n/t

[Jim Sagle]

4. Corporatist hogwash!

What part of "That's our tax money!!!" don't you understand?

[NYC_SKP]

5. What are these salary caps, 100,000 dollars? I don't think so.

As long as the voters know how obscenely huge the salaries have been, and even how high the capped salaries will be, I don't think they'll be feeling too angry with the caps.

[KingFlorez]

8. I don't think so

Most people have seen what corporate greed can do and middle class people do not like it.

[scheming daemons]

9. They're not going to cap salaries..... only bonuses... and only for TARP recipient companies

Obama knows it won't sell with the public.

[harun]

18. You say that like it is a good thing. IT ISN'T.

They should at minimum freeze salaries for TARP recipients.

Public would love to see Obama bring the hammer down on them.

[asphalt.jungle]

11. I guess you forgot the pitchfork fever of only a few months ago.

All the fuss was about "who allowed these AIG people to get bonuses with taxpayer money?" ... "What did treasury know?" ... "What did Sen. Dodd know?" "Will the populist outrage bog down the Obama presidency?"

Where were you? And all of that was when they had no legal basis to deny those people their bonuses. Well now they are trying to avoid having the President come out and express his outrage every time a tax payer supported institution shows they are tone deaf and runs off with taxpayer money ... just make sure they can't do it the first place.

Oh and I hate this kind of logic: "Joe/Jane 6 pack continue to live and believe that someday they will be making those big bucks and don't you dare kill the dream." you're projecting how you perceive "lesser" people than yourself will react to something when you have no basis for it. People who supported Obama from early on understand this kind of negative projection. "Oh don't waste your time supporting him because "the racist people in America" who aren't as enlightened as I am will not vote for him, so support my candidate."

[CK_John]

12. White House proposes new pay legislation.

NEW YORK (CNNMoney.com) -- The Obama administration moved forward Wednesday on curbing runaway corporate pay practices, proposing new legislation aimed at giving shareholders a greater voice on executive pay and appointing a new so-called "pay czar."

The White House's two-part proposal would give shareholders a voice on executive compensation, or a "say on pay" for senior management.

The legislation, which would effectively be carried out by broadening the powers of the Securities and Exchange Commission, would also attempt to establish greater independence for board members responsible for setting executive pay packages. This is similar to what the Sarbanes-Oxley Act established for audit committees in the wake of the Enron scandal earlier this decade.

If approved by Congress, the proposals would affect all public companies, not just the banks and other financial firms that had a direct role in the current economic crisis.

<http://money.cnn.com/2009/06/10/news/companies/compensation_geithner/index.htm?cnn=yes>

[asphalt.jungle]

13. And what in that will outrage the "simpletons" as you obviously see them

in everyday America?

This?

"The legislation, which would effectively be carried out by broadening the powers of the Securities and Exchange Commission, would also attempt to establish greater independence for board members responsible for setting executive pay packages. This is similar to what the Sarbanes-Oxley Act established for audit committees in the wake of the Enron scandal earlier this decade."

The people aren't as stupid as you think they are. As a shareholder in many companies (some much larger than others), I look forward to greater independence among board members. For far too long the CEO/Chairman's get to appoint favorable board members who will go along with their ridiculous compensation packages. I guess you think regular folks are just too dumb to realize that shareholders having a greater voice is a good thing.

[LiberalFighter]

16. Just the public companies (those listed with the stock exchange)

[PretzelWarrior]

14. hey, smarty pants. this only applies to companies on the public dole.

I don't think Joe/Jane six pack have a problem with the government getting tough on "welfare queens" so why the hell should they care if the government directs max pay for shithead companies who need our taxpayer dollars to survive?

[jeanpalmer]

15. Politicians pay too much attention

to the whinings of these bonus crybabies. The failed banks should have been nationalized and their executives made government employees. Pay them the salary of a postal worker. That way, they would have less incentive to screw up.

[mkultra]

17. peon mentality

The belief that you must become angry when your "lords and ladies" are challenged is common amongst conservatives.

[Sebastian Doyle]

19. Roll the tax brackets back to where Eisenhower had them, and eliminate all the loopholes.

After that, the corporatist pigs will impose their own "salary caps", because it wouldn't do them a goddamn bit of good to pay themselves excessive salaries.

[avaistheone1]

21. I support that. Doing so will really help rebuild this country.