May 17, 2009 - May 23, 2009

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Week of May 17, 2009 - May 23, 2009

Geithner is wrong exec pay cap issue

May 20, 2009, 2:46PM

Stories like this are increasingly troublesome for the Obama administration I suspect. According to the article, he says:

"I don't think our government should set caps on compensation," Geithner told Newsweek's John Meacham during a live interview at the National Press Club. But Geithner acknowledged that pay structures on Wall Street contributed to the financial collapse.

While I understand thhe financial collapse was a complicated one and involved many key players, to turn around and acknowledge that the lack of compensation limits played a hand in causing this mess and then choosing to not do anything about it strike me as just irresponsible.

Additionally, with a growing number of the public losing their jobs with no end in sight for job recovery, it gives the impression that Geithner is only looking out for his former colleagues on Wall Street rather than paying attention to the middle class who will ultimately play a lead role (in spending) to get us out of it.

I'm not jumping on the bandwagon just yet to say that Geithner should be dumped, but it puts serious doubt on his ability to see the entire picture.

It keeps starting earlier

May 19, 2009, 4:42PM

Glenn Thrush is reporting that Ensign's appearance in Iowa is the more-or-less kickoff to a Presidential campaign. In 2009? Is it just me or does that seem a tad early? I know there are a great many politicians who are informally keeping their name in the spotlight (Gingrich, Palin, Rommney), but this is a strange time to be pushing for a nomination in 2012 against a President who has an incredibly high popularity level right now.

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mardod

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Website: mardod.com
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I'm an armchair pundit and blog lurker who is new to the actual working world of politics, but finding it utterly fascinating.

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