Midya's Weblog

THAT WORD AGAIN…POPULIST

Caps on CEO Pay and ‘Buy American’ Decrees: Populist Policies Gaining Favor

HERE IS ANOTHER AUTHOR THROWING AROUND THE WORD ‘POPULIST.’  I’M JUST NOT SURE THAT IS RESPONSIBLE JOURNALISM THESE DAYS UNLESS ITS USAGE IS DEFINED.

THE AUTHOR, AARON TASK QUOTES OBAMA SAYING,

“In order to restore our financial system, we’ve got to restore trust,” the president said. “And in order to restore trust, we’ve got to make certain that taxpayer funds are not subsidizing excessive compensation packages on Wall Street.”

I’M REALLY NOT SURE WHAT I THINK ABOUT IDEAS LIKE THIS AND/OR ARTICLES LIKE THIS ONE.  WASN’T TARP MERELY SUPPOSED TO RESTORE LIQUIDITY TO THE MARKETS?  I DIDN’T SEE ANYTHING IN THERE ABOUT RESTORING LIQUIDITY WHILE NOT SUBSIDIZING HUGE BONUSES.  ARE OBAMA AND THE AUTHOR OF THIS ARTICLE THAT FAR BEHIND THE CURVE?  THEY SERIOUSLY CAN’T BE THAT NAIVE.  THIS WAS ONE OF THE ORIGINAL CRITIQUES OF TARP OR MORE TO THE POINT THE FEDERAL GOVERNMENT GETTING INVOLVED IN THE PRIVATE SECTOR PERIOD.  NO ONE AGREED TO LIMITING EXEC’S PAY IN THE BEGINNING, I FIND IT RATHER CRIMINAL TO DO SO NOW.  BESIDES LIMITING EXEC’S PAY, WE NOT HAVE A CHEF EXECUTIVE WHO IS SCOLDING THE PRIVATE SECTOR.  I DON’T SEE HIM TAKING CRITICISM SO WELL.  WHY DOESN’T HE GIVE UP AIRFORCE ONE OR HIS PRIVATE CHEF?  OH, YOU SAY, HE HASN’T DONE ANYTHING TO DESERVE SUCH REMARKS.  OH, I SAY, HE HASN’T DONE ANYTHING WARRANTING A PRIVATE JET OR CHEF EITHER.  HE COULDN’T RUN A BANK NOR A CAR COMPANY.  AND NOW THIS AUTHOR ASSERTS THAT POPULIST POLICIES ARE GAINING APPROVAL IN WASHINGTON.  PLEASE, OBAMA HAS BEEN AN ELITIST WITH POPULIST RHETORIC FROM THE WOMB.

http://finance.yahoo.com/tech-ticker/article/167879/Caps-on-CEO-Pay-and-‘Buy-American’-Decrees-Populist-Policies-Gaining-Favor?tickers=%5Edji,JPM,GS,XLF,BAC,C,GM

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This entry was posted on February 4, 2009 by in Uncategorized.
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