So figure this one out. Recently the Obama administration has put pressure on private companies to curtail lavish spending due to the economic crisis, and because some of those companies were receiving federal bailout funds. For example, Wells Fargo was pressured into canceling a planned trip to Las Vegas for their mortgage employees that performed well last year. They have also pressured companies into not buying new planes, paying bonuses to management, canceling employee retreats, etc. Then today Obama announced that those banks that have taken Federal bailout dollars had to put a salary cap in place for their CEO’s, at $500,000. Ok, maybe you agree with these measures, maybe you don’t. But here is the kicker:“The House Democratic Caucus spent more than $500,000 in taxpayer money over the past five years for its annual retreats at resorts in Pennsylvania and Virginia. On Thursday, Democrats will head to the Kingsmill Resort and Spa in historic Williamsburg, Va., for the three-day planning powwow. The resort boasts multiple championship golf courses, a full-service spa and six restaurants.”
You can’t see, but I’m pounding my head on my desk (which incidentally, makes it very difficult to type). Look, I don’t care if you want to blow $500,000 on fun weekend getaways, you work hard (please note the sarcasm and attempts to stifle a laugh at the absurdity of the comment); but please, enough of the hypocrisy. It’s bad enough you tell private companies what to do, it’s bad enough you are already turning free enterprise into a Government run crap fest; at least try and pretend that you aren’t corrupt, and that you feel you are above the law and your own rules.
$500K spent on Dem caucus retreats
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3 comments:
Hmm. 500,000 per annum over five years. That looks to me like 100,000 per annum. How many people in this caucus thing, anyway? Because, you know, 100,000 per annum between a bunch of people looks a lot different to half a mill per annum for one fat arse in a private corporation being bailed out by taxpayers.
Of course, what would I know? I'm just an Australian. We use the metric system down here. Maybe it's different in your money, eh?
Maybe the metric system does have you confused, I don't know. But you are missing the point. This is one small example, among many, of how the government spends tax payer money like their own private piggy bank, while condemning private companies for spending their own (and government bailout money perhaps) in similar ways, and in ways which are not so lavish. It is a double standard.
I would also argue that CEO's are working for a living. That distinction is debatable when describing Congress.
You're right Nick.It's fine to complain about the evils of the rich when they are spending their own money, and you resent them having it. How do you defend the government using tax money to reward themselves for making a mess of the economy while we struggle?
As for the companies taking handouts, they really don't get my sympathy. When you screw up and go to the government to rob the people, you can't really expect them to feel sorry for you. It's unfortunate the responsible companies are being punished as well.
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