WASHINGTON (AP) Senator Barack Obama, whose net worth is estimated at over $7 million, said he was concerned the new banking bailout plan did not include provisions to limit the pay of business executives.
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In his first comments on the historic government intervention, Mr. Obama, whose income from book royalties will likely exceed $4 million this year, said he believed the plan held “promise” for helping average Americans not raking in seven figures, but added that new regulatory requirements needed to accompany the infusions of cash into banks.
“If we’re just giving them money, but we’re not making sure that they are curbing some of the excessive risks that got us into the mess in the first place,” Mr. Obama, who has more money in tax-free municipal bonds than most American will earn in their working lifetimes, told reporters, “then we are just continuing the same philosophy that has failed the American people so badly.”
Mr. Obama, who was sequestered at a resort near Lake Erie that he could freakin’ buy outright if he felt like it as he prepared for the upcoming debate, said he wanted to review the detailed proposal before rendering a final judgment.
“We need to crack down on excessive CEO pay – I think that should be part of the deal,” said Mr. Obama, whose Hart Schaffner Marx suit would cost normal people 2 months’ wages.
“It’s not fair for some people to make millions while failing to do the job they were hired to do. That wealth should be spread around more,” concluded Obama, who will earn almost $170,000 this year while missing more than half of the Senate votes.
Don’t you just love rich socialists?
I can’t believe how racist this post is, Frank. In the very first sentence you used his first and last name, clearly a stab at his heritage.
I think you should turn the site over to Harvey, and let him write satirical posts instead of this straight news.
As disgusting as the “government limiting what private companies can pay their own employees” premise is, both John McCain and George Bush would probably go along with a democrat-sponsored bill to limit executive pay…and McCain would probably be a co-sponsor.
Funny, the more comfortable Obama gets in his lead, the more socialist ideas we have coming out of his mouth.
How did this pathological socialist legitimately become worth over SEVEN MILLION DOLLARS as a “Community Organizer?”
5. Scott,
Donations of huge $$$ from powerful socialists who prefer a docile puppet to showing their own faces.
Harv,
It appears that you may be hinting at some sort of mild hypocrisy or something on the part of The One and his ilk. You must recall that libs/dems cannot, by definition, be hypocrites. You must have actual standards and morals in order to violate them and appear hypocritical.
He (BO) might as well start attacking Osama for having terrorist friends, Clinton for doing drugs, and Al Sharpton for having dark skin.
Socialism as our battle cry, led by Comrade Obama
I saw Harvey’s name and thought this would be Newsish Fakery. Sadly, this was real.