June 11, 2008

Guess who:

For too long, government has been the voice of big business, not small business. And to make matters worse, even when very large businesses violate their trust, they seem to be held to a different standard — getting away with conduct that would leave any small business owner broke. We need rules that assure fairness and punish wrongdoing in the market, and hold every business person in America to the same fair standards.

In times of hardship and distress, we should be more vigilant than ever in holding corporate abuses to account, as in the case of the housing market. Americans are right to be offended when the extravagant salaries and severance deals of CEO’s — in some cases, the very same CEO’s who helped to bring on these market troubles — bear no relation to the success of the company or the wishes of shareholders. Something is seriously wrong when the American people are left to bear the consequences of reckless corporate conduct, while the offenders themselves are packed off with another forty – or fifty million for the road.

If I am elected president, I intend to see that wrongdoing of this kind is called to account by federal prosecutors. And under my reforms, all aspects of a CEO’s pay, including any severance arrangements, must be approved by shareholders.

No, not Barack Obama. The other one — you know, the “conservative” candidate for president.

2 Responses to “McCainiac”

  1. Sue Says:

    Boy, did I get blasted when I basically said the same thing a year ago after my old employer–a 100 year old company– went bankrupt. Poor management and greed sent it into bankruptcy and the guys at the top walked away with millions. The rest of us are still reeling under cut wages and benefits, broken promises to retirees, etc. So far I haven’t seen any of you conservative republicans knocking McCain’s words–what’s going on?

  2. Harl Delos Says:

    So far I haven’t seen any of you conservative republicans knocking McCain’s words–what’s going on?

    McCain is, without question, a true hero. He’s one of the greatest patriots of our time.

    A willingness to sacrifice for your country, on the other hand, doesn’t make one fit to lead the country, and a willingness to sacrifice every principle one ever held, in an insane quest to become the leader of this country, tends to disqualify one.

    If we all said what we thought of Senator McCain, it’d feel like piling on. There’s very little danger that he will be elected; he will keep opening his mouth, and every time he does, more and more voters will decide that Senator Obama, warts and all, is more acceptable.

    In the Senate, there’s a limit to the damage one man can do, and being a maverick rather than a yes-man, he can do considerable good. He’ll do this country far more good in the Senate than in the White House, and the same can be said for Senator Clinton. Senator Obama? Well, he’d probably do more good in the Senate as well, but somebody has to answer that damn phone at 3 AM and tell Bill to get his clothes on and go home to bed.

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