Posted by speck on 10/22/2009, 10:52 am, in reply to "Re: 1st thing Obama does Right"
208.110.205.6
Hoss is absolutely right. Dont let your hatred for Obama confuse the issue.
The bailed out companies receive money from the government but they don't get to use it anyway they want. They still have to fulfill all their contractual obligations and especially ones to their employees. These 'bonuses' are contractual obligations companies have with their employees. All Obama did was say that the bailout money cant be factored into the companies earnings performance for use in employee benefit or bonus package calculation and the money must instead be used for other things, like backing their failed financial products.
Obama is not trying to put government control on overly high wages, he is just making rules on how tax payer money can be used and how a company that receives it must account for it.
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