You really need to read it. (I'll be reading Hodge's book as soon as I finish Tariq's but I'm trying not to rush through Tariq's book so I can really absorb and enjoy it.)
Okay, so candidate Barack campaigned -- during the Democratic primaries -- insisting CEO pay was too much. (And in 2007 was demanding -- but never held -- a hearing on CEO pay.) We saw where that 'issue' went after he became president (nowhere). But let's drop back to February of this year when Julianna Goldman and Ian Katz (Bloomberg News) reported:
President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.
That was, as AP informed us, "Less than a month after calling bank executives' pay "obscene," President Barack Obama is declining to criticize bonuses received by two top Wall Street chief executives, saying he doesn't 'begrudge people success or wealth' . . ."
But, Christi Parsons and Lisa Mascaro (Rome News-Tribune) report, Barack declared yesterday a proposal to freeze the wages of all federal employees. Well, not all. Reggie Love, Barack's 'special assistant' and lover according to some on the right, will continue to receive his huge, huge salary for toweling off Barack and other duties. We are aware that for kissiand and wiping Barack's ass, Reggie gets paid $102,000 a year -- of tax payer money. This isn't Barack spending out of his own milliions, this is his spending tax payer money. If Darrell Issa is serious about investigations -- now that Republicans are in charge of the House -- maybe he should start with White House salaries at a time of economic crisis?
Michelle Obama, who was not voted on by any American, will continue to have a huge staff because . . . Well because she's spoiled. If you're going to cut corners, if you're going to balance the economy off hard workers, then maybe it's time your Chicago friends and lovers found their way off the public dime. In fact, maybe we need legislation stating a First Lady can have a secretary and that's it in terms of what tax payers will pay for? Anything else they want, they can pay for themselves.
First Ladies aren't elected, it's a ceremonial post and, outside of Hillary Clinton, no one's done a damn thing with the post in my lifetime. But Barack's 'tightening the belt' by reducing the wages of actual workers -- as opposed to paid fawners. The AFL-CIO released the following yesterday:
Statement by AFL-CIO President Richard Trumka On Pay Freeze for Federal Workers
November 29, 2010
Today's announcement of a two-year pay freeze for federal workers is bad for the middle class, bad for the economy and bad for business. No one is served by our government participating in a "race to the bottom" in wages. We need to invest in creating jobs, not undermining the ones we have. The President talked about the need for shared sacrifice, but there's nothing shared about Wall Street and CEOs making record profits and bonuses while working people bear the brunt. It is time to get our nation back on track, but we should not do so by placing an even greater burden on the middle class.
Contact: Josh Goldstein (202) 637-5018
This is C.I.'s "Iraq snapshot" for Tuesday: