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Flashback: It Was Bush/GOP That Opposed Executive Compensation Caps




It is a rather curious spectacle to see congressional Republicans express outrage at the exorbitant bonuses being handed out by bailed-out companies and blame the Obama administration for failing to curb the practice with AIG.

Read Full Story: http://www.huffingtonpost.com/2009/03/18/flashback...

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princess5677058
princess...

Female, 60, Yorktown, VA

Posted March 18, 2009


Because when the first installment of the Troubled Asset Relief Program was passed it was the Bush administration and GOPers in Congress who were insisting that caps on executive compensation not be part of the legislation. ?"Congress and the administration remained at odds over the demands of some lawmakers, including limits on the pay of top executives whose firms seek help."

"If we design it so it's punitive and so institutions aren't going to participate, this won't work the way we need it to work," he told Fox s Sunday on September 21.






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