McCain Picks Up a Tiny Point in Both Gallup & Rasmussen | Main | Noted Economist Reveals Root Cause of Financial Crisis: Jewish Murderers Who Control the Banks
September 23, 2008

I Got Nothin' on the Bailout

As Allah and other say, this is above my paygrade.

McCain's press conference called for, among other things, strong transparency, accountability, and oversight of the bailout, by a bipartisan board with real power; absolutely no larding the bill up with earmarks for "favored companies;" and a cap of $400,000 per year in salary for any company rescued by the bailout.

On that last point, he's right. Before you cry "socialism," bear in mind that the industry is essentially begging for a federal takeover. If they're going to be federalized, they're not private endeavors any longer, and McCain has a fair basis to insist that anyone working for such governmentalized agencies should not make more than the highest paid federal official (the President, as it turns out).

When/if the mess is fixed, they can go back to being wholly private corporations again. But it's a tad much for anyone to insist these companies get to act like private affairs when the taxpayers are being called upon to save them.

As a practical matter, it's a bit of symbolic populism. And if that's what's necessary to sell this to the public, well, that's not going to be the hill I'm personally dying on.


digg this
posted by Ace at 05:12 PM

| Access Comments




Recent Comments
Infidel: "I always thought Oct. 3 was a good day.  Seem ..."

Eromero: "I hope the ETEX moron fest went off in the dry. Ra ..."

redc1c4 [/b] [/i] [/s] [/u]: "not sure about about quiet "today", but it's almos ..."

Skandia Recluse: " Is there news? ..."

Tim in Illinois: "Going to be a quiet day. Might as well get some re ..."

redc1c4 [/b] [/i] [/s] [/u]: "/me pulls pins on 2 thermites and 2 Willie Petes,. ..."

redc1c4 [/b] [/i] [/s] [/u]: "#674... wrong link, not that it's not awesome, it' ..."

The Keeper: " WE ARE OVERLOADED ON THETANS. ENTIRE CLOSETS A ..."

redc1c4 [/b] [/i] [/s] [/u]: "there are only 3 sexes:malefemalebat shit crazycho ..."

redc1c4 [/b] [/i] [/s] [/u]: "Posted by: The Keeper at October 22, 2017 04:59 AM ..."

The Political Hat: "I've been getting hundreds of replies to my tweet ..."

redc1c4 [/b] [/i] [/s] [/u]: "what else needs to be said?SFW unless your boss or ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64