McCaskill wants to cap salaries of bailout recipients

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By Justin Kendall in News, Politics

Fri., Jan. 30 2009 @ 11:45AM

If the federal government's bailing you out, then you're not going to make more than President Barack Obama. At least if Sen. Claire "Bear" McCaskill has her way. She's introducing a bill right now -- on CSPAN 2: The Deuce! -- that would cap pay for employees of private companies taking federal bailout money. Employees couldn't make more than Obama's $400,000 salary until their company stopped receiving federal dollars. McCaskill's people say the salary cap would also include bonuses and stock options.

Tags: bailout, Barack Obama, Claire McCaskill

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3 comment(s) / Post a Comment

(the) Trevor as it's Obama's fault now says:

What a fantastic idea. If those companies cut their salaries, there will be more money for lobbyists and campaign contributions! Boy howdy, leave it to a Missourian to know how to “fix” things.

Posted On: Friday, Jan. 30 2009 @ 12:06PM

guz says:

so youre in favor of all that taxpayer cash going to bonuses?

Posted On: Sunday, Feb. 1 2009 @ 12:14PM

(the) Trevor as it's Obama's fault now says:

Oh, guz, I lurve how you buy so unquestionably into the Democrats desire to waste money and somehow truly believe that they are not as corrupt as it gets and that rhetoric will save us all.

Posted On: Monday, Feb. 2 2009 @ 9:55AM