The House approved a measure Friday that would put new constraints on executive pay, capitalizing on outrage over multimillion-dollar bonuses to Wall Street executives whose firms were bailed out by taxpayers.
The bill, introduced by Representative Barney Frank, Democrat of Massachusetts, would let regulators ban risky incentive-based pay that could have an adverse effect on the financial system.
This is the galling part:
Republicans slammed the measure as yet another example of needless government intervention into private business practices, similar to arguments that Republicans have been making in the debate over health care overhaul.
“The Democratic majority has a great desire to have the government everywhere in our lives,” said Representative Tom Price, Republican of Georgia. “It cuts at the very core of our free market system.”
What a steaming pile of bullshit!
When you and your corporate masters come, hat in hand, asking the government to bail out your "free market" business, you have no right to bitch about "needless government intervention". By the real principles of the "free market", if it isn't profitable, it should fail! No bailouts, no tax breaks, no favors.
So, Mr. Price, if you and the rest of the Republican vultures want a free market, your corporate cronies can give back the bailout money right now.
If they don't, then they, and you, can just shut the fuck up about government "interference" - that eeeevil "government interference" is why a lot of your corporate buddies still have jobs, houses, cars, yachts, and all of that. They could be like the rest of us, one unemployment check away from homelessness or no health insurance.
So STFU, Representative price, your "Fuck you, I've got mine!" hypocrisy is showing.