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October 14, 2009
Pay Czar Opposes Bonuses for Lower Level Workers
Posted by Gregory of Yardale at October 14, 2009 9:30 AM
The fellow whom our free-market loving, totally capitalist president appointed to regulate and set pay levels for allegedly private financial firms is peeved because one of the companies bailed out by Uncle Sucker wants to honor prior contracts requiring it to pay bonuses to its employees. Because our president and his economic advisors know that nothing creates economic security like a government that can arbitrarily void contracts at will.
What's under the pay Czar's skin is that people he deems "unessential" are going to receive bonuses.
The new audit pointed out that the bonus program for the Financial Products unit was unusual because it included payments to unessential people. It cited a $7,700 bonus for a kitchen assistant, a $7,000 bonus for a mailroom assistant and $700 for a file administrator.
You see, dear, only Obama's bestest buddies at Goldman Sachs and ACORN are entitled to bonuses, not you little "non-essential" people. Why, those silly little mailroom people probably never go near the Hamptons or Martha's Vineyard. So, who cares?
If Obama wasn't a radical Marxist, if he really believed in free enterprise like Steve Chapman and others claim he does, would he even have a "Pay Czar?"
Comments
What the hell is wrong with these people? And the Demonrats always profess to be "for the little guy."
Posted by: Karin at October 14, 2009 10:38 AM
And they are always spouting off about being for the little guy, Party of Compassion, BS!
The POOR have been voting for the Democrats for decades.
THEY'RE STILL POOR!
Anyone NOT educated in a GOVERNMENT SCHOOL would get it!!
Posted by: TED at October 14, 2009 10:39 AM
I wonder if they were getting bonuses instead of cost of living raises? Companies I worked for used to do that. It was a way to help keep costs down.
Posted by: Nancy at October 14, 2009 12:32 PM
Is there anyway we can classify the czars as "non-essential?" There is no mention of these positions either in the constitution or historical precedence prior to the rise of the Bolsheviks (1930s). It seems that the United States functioned just fine without czars. They seem non-essential to me.
Posted by: VikingTX at October 14, 2009 12:37 PM
So, if that's how the Pay Czar treats "unessential" employees, how do you think the "Health Care Kommissarr" is going to treat old people who are too expensive to keep alive?
Posted by: V the K at October 14, 2009 12:39 PM
VtheK, Rush at about 12:45 today had a soundbite from Robert Reich making a speech at Berkely. He said (paraphrased): "If you think that we're going to spend all that technology and drugs on a patient who only has a few months to live, well, that's too expensive. We're going to let you die."
Posted by: Karin at October 14, 2009 12:48 PM
They're worse than non-essential, VikingTX. They are downright detrimental.
Posted by: Judith M. at October 14, 2009 12:52 PM
Barack Obama the all time worse president in american history i hope he gets the heave ho in 2012
Posted by: Spurwing Plover at October 14, 2009 12:53 PM
I think the current Congress is "unessential" and is "too expensive to keep alive."
Posted by: Nunya at October 14, 2009 1:30 PM
All the murderers on death rows are too expensive to keep alive. Kill the killers and give Granny her health care.
Posted by: Tom at October 14, 2009 1:34 PM
@Tom - Excellent idea!
Posted by: Nancy at October 14, 2009 2:23 PM
Feinberg does have a point - within the context of the argument.
The government is trying to reduce the bonus outlay for GS, and people not directly involved in the 'bread and butter' investment banking duties that make it an investment bank are less vital and thus there is less need to give them amenable pay packages...
... which is a perfect illustration of why the government shouldn't be allowed into a position in which it is able to decide who is "less essential" in terms of private sector remuneration.
And a chilling foretaste of what the government will certainly do if or when it's in charge of healthcare.
If only the left weren't too blind to see that.
Posted by: mandible claw at October 15, 2009 3:31 AM
