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When Will Olbermann Accept McCaskill’s $400,000 Salary Cap?

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“In our fifth story tonight, financial treason so injurious to the nation that it makes a beggar out of language, and an angry President out of a heretofore almost imperturbable new chief.  18 billion in bonuses for Wall Street last year… the year you and I gave Wall Street…billions more… as bail-outs.” — Keith Olbermann, Countdown, January 29, 2009

Surely a man so angry at those who accept fat paychecks while their companies take billions from the government, a man who just yesterday accused those fat cats of “treason,” won’t wait for Pres. Obama to sign into law the proposal that Sen. Claire McCaskill made today.  She has introduced legislation that would cap the compensation of those who work for firms who have received bail-out funds at $400,000–the same salary the President of the United States receives.  You can watch McCaskill discuss her plan with Norah O’Donnell on MSNBC this afternoon.  Among other things, she calls the people taking the big bucks “idiots.” Olbermann’s MSNBC is a subsidiary of GE, whose GE Capital subsidiary recently received . . . $139 billion in government loan guarantees. So tune into Countdown tonight.  Surely Olbermann will announce that he is tearing up his $7.5 million/year contract and accepting that $400G limit . . . Won’t he?

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This was written by Mark Finkelstein. Posted on Friday, January 30, 2009, at 3:59 PM. Filed under Uncategorized. Bookmark the permalink. Follow comments here with the RSS feed. Both comments and trackbacks are currently closed.   []

7 Comments

  1. Dave wrote:

    It is none of the government’s business what private companies pay out in compensation or bonuses.

    BTW, those idiots taking the big bucks pay huge amounts of taxes on those bucks. Given that government revenues are dropping all over, particularly in places like New York, you would think even obtuse hypocrites like Olbermann and O’Donnell could see that.

    I guess they prefer that lower income people be hit with higher taxes and fees to make up the difference.

    Wow, Mark, they pay Olbermann $7.5 mil a year to spew his ceaseless hatred for any and all things traditionally American?

    You would think the ingrate would have a little better appreciation for the country that allows people like him to pull down that kind of money.

    Does Keithie have even the foggiest clue about the economics of his own employment?

    -Dave

    Friday, January 30, 2009 at 6:07 PM | Permalink
  2. Raphael wrote:

    It sounds awful to hear that Wall Street executives who work for companies that are getting bailed out may have actually been paid bonuses. But bad as that sounds, I don’t want the government meddling in ANY business anymore than it already does. What’s to stop them from regulating wages and salaries in all sectors or the economy. It’s a very slippery slope.

    Friday, January 30, 2009 at 7:48 PM | Permalink
  3. Mark Finkelstein wrote:

    It’s the old line about he who pays the piper calls the tune. The government has bailed companies out, and now wants to set compensation rates, determine what kind of cars Detroit should build, etc. The more government meddles in the markets, the worse things will be.

    Friday, January 30, 2009 at 7:52 PM | Permalink
  4. bigtimer wrote:

    Government is not the solution…Government is the problem.

    Saturday, January 31, 2009 at 5:13 PM | Permalink
  5. Mark Finkelstein wrote:

    Ronnie, is that you? ;-)

    Saturday, January 31, 2009 at 6:30 PM | Permalink
  6. bigtimer wrote:

    Darn Mark! You figured it out!

    Seriously, Friday evening I was listening to a wonderful, pertinent speech Reagan gave about the govt. in relationship to what is going on now on Levin’s radio show, I got interrupted, didn’t get to hear the second half…

    What a wise, wise man he was. Wished I hadn’t been so young at the time and had paid more attention…I am so grateful to learn more now that I have some time here and there, especially with the internet to be able to go back and listen to or find anything like the speeches etc.

    Anyway, what I did get to hear, was priceless…and is happening today regarding the govt. and the economy…socialism.

    Saturday, January 31, 2009 at 8:05 PM | Permalink
  7. General America wrote:

    So how did that line from JFK go? Ask not what you can do for your Government, ask what your Government can do for you?

    So what happens when the money is all gone?
    Oh well, just as long as Oberdude got his

    Monday, February 2, 2009 at 2:13 PM | Permalink

3 Trackbacks/Pingbacks

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