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Obama to Limit Pay for Wall Street, NFL, NBA, MLB

by Scott Ott for ScrappleFace · 65 Comments · · Print This Story Print This Story

(2009-03-22) — With the debate over AIG executive bonuses nearly bringing official Washington to a standstill in the past three weeks, the Obama administration today expanded its plan to control Wall Street executive pay, adding provisions to limit compensation for star performers in the National Football League (NFL), National Basketball Association (NBA) and Major League Baseball (MLB).

“Some of these sports stars, like AIG execs, have negotiated sweetheart deals paying them millions of dollars, and yet they lose games,” said White House spokesman Robert Gibbs. “The president shares the outrage of the American people at these obscene salaries and bonuses. There’s nothing that makes the little people feel littler than the thought of these fat cats getting fatter just because that have specialized skills that are in high demand in a free-market economy.”

Indeed, the White House released a recent poll showing that 75 percent of Americans answered ‘Yes’ to the following question: “Do you believe President Obama should personally limit the compensation of anyone who earns a lot more than you do?”

“How hard can it be to show up on Sunday and toss a few passes?” said Mr. Gibbs. “The fact that some people earn a lot more money than others just demonstrates the savage inequalities inherent in a capitalist system, and explains why the president has taken deliberate action to end it.”

Under the terms of the pay-limit plan, the president would appoint a panel of university economists, union leaders, and “ordinary American community organizers” to establish paycheck parity between average hourly-wage workers and the people “who have carved out for themselves an unequal portion of the pie.”

“In America you can dream as big as you want, but everyone agrees we need strict controls on those whose dreams have come true,” Mr. Gibbs said. “The people deserve a system in which there are no limits to your potential, only to your achievements.”

The proposal would exempt most Hollywood stars and popular recording artists, he said, “since much of their money is already returned to the people in the form of contributions to the Democrat party and its candidates.”

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Tags: Business  · U.S. News

65 responses so far ↓

  • 1 camojack // Mar 22, 2009 at 6:22 am

    Well, they’ve been talking about taxing those AIG bonuses at a rate of 90%…which is less than the highest tax bracket of 95% way back when. Maybe they want to bring that back, huh?

    ? “There’s one for you, nineteen for me, ’cause I’m the taxman…” ?

  • 2 gafisher // Mar 22, 2009 at 6:59 am

    Camo, if you think the Dems are happy with anything less than 110% you’re living in a dream world …

  • 3 gafisher // Mar 22, 2009 at 7:10 am

    The Hollywood Exemption is outrageous. Why settle for just “much of their money” when others, like the homeless folks who donated thousands to the Obama campaign, have given so much more?

  • 4 lighthorseman // Mar 22, 2009 at 7:15 am

    It’s no surprise that an administration & congress loaded with tax cheats wants to raise taxes and control income. TEA Party time! Saddle up!

  • 5 Scott Adcox » Blog Archive » Why Not Limit Pay for NFL, NBA, MLB? // Mar 22, 2009 at 7:20 am

    [...] OHilarious! “How hard can it be to show up on Sunday and toss a few passes?” said Mr. Gibbs. “The fact that some people earn a lot more money than others just demonstrates the savage inequalities inherent in a capitalist system, and explains why the president has taken deliberate action to end it.” [...]

  • 6 Taxing Other Rich People // Mar 22, 2009 at 7:32 am

    [...] Scott Ott reports that the other shoe has dropped: With the debate over AIG executive bonuses nearly bringing official Washington to a standstill in the past three weeks, the Obama administration today expanded its plan to control Wall Street executive pay, adding provisions to limit compensation for star performers in the National Football League (NFL), National Basketball Association (NBA) and Major League Baseball (MLB). [...]

  • 7 Fred Sinclair // Mar 22, 2009 at 8:41 am

    Gee Scott, I almost spewed a mouthful of hot tea over my keyboard when I read your classy description that included “ordinary American community organizers”

    TEA (Taxed Enough Already) PARTIES are quite the rage now and the impact is quite noticeable, insofar as the MSM apparently is under a ‘gag’ order; their silence is deafening.

  • 8 Toolman // Mar 22, 2009 at 8:51 am

    Who died and made Obama God?

  • 9 Salary Cap : baseballmusings.com // Mar 22, 2009 at 9:36 am

    [...] John Henry gets his wish, and he didn’t even have to negotiate with the union! With the debate over AIG executive bonuses nearly bringing official Washington to a standstill in the past three weeks, the Obama administration today expanded its plan to control Wall Street executive pay, adding provisions to limit compensation for star performers in the National Football League (NFL), National Basketball Association (NBA) and Major League Baseball (MLB). [...]

  • 10 mindknumbed kid // Mar 22, 2009 at 10:04 am

    Well now Toolman, he ran on the messiah platform and won I guess we the people done promoted him.

  • 11 No Limits For Obama « Justbkuz // Mar 22, 2009 at 10:06 am

    [...] Scrappleface says, why stop with financial executives? Obama to Limit Pay for Wall Street, NFL, NBA, MLB [...]

  • 12 RedPepper // Mar 22, 2009 at 10:44 am

    gafisher #3: “Outrageous” doesn’t begin to adequately describe the “Hollywood Exemption”. This cannot be allowed to stand. No justice, no peace!

    I say, first we tax the crap outa them, and then go after their carbon footprints. Ration their Charmin™ purchases! Starting with Sheryl Crow!

  • 13 debass // Mar 22, 2009 at 10:57 am

    Don’t forget the affirmative action for the NBA so short, fat white guys who are currently underrepresented will get a chance to play. Black players should only make up 12% of the team if thing were fair.

  • 14 FPR // Mar 22, 2009 at 11:20 am

    Most pro-athletes play in stadiums funded by taxpayer dollars. Like taxpayer supported banks, athletes should be limited to $500,000 maximum salaries.

    The movie industry gets special tax breaks to film in most states. Given this taxpayer largess all movie salaries should be limited to $500,000.

    Who else am I missing?

  • 15 RedPepper // Mar 22, 2009 at 11:34 am

    debass #13: What about short, fat Hispanics? And Koreans?

    BTW, debass, do any of the commenters here have your email-id?

  • 16 I Indeed Live to See the Day | Lakeshore Laments // Mar 22, 2009 at 12:07 pm

    [...] Scott Ott of Scrappleface fame, as usually shows us why he’s that damned good at the news parody. [...]

  • 17 Obama to Limit Pay for Wall Street, NFL, NBA, MLB : PlanetTalk.net - Learn the truth , no more lies // Mar 22, 2009 at 12:48 pm

    [...] Excerpt from: Obama to Limit Pay for Wall Street, NFL, NBA, MLB [...]

  • 18 onlineanalyst // Mar 22, 2009 at 1:51 pm

    Are you ready for this tidbit re influence-peddling? Chunderroad, a commenter at hotair posted this one:

    Lou Dobbs ran a segment with figures from Opensecrets.org regarding who on Capitol Hill gets the most from these bailed out institutions. Judd Gregg and Roy Blunt barely received any money as ranking member of the Senate Banking Committee and House Minority Whip, respectively.

    Do you want to admit now that Chairman Frank and Chairman Dodd have blocked regulation on their committees, as well as moving forward legislation that has created a lot of this systematic risk that we are facing?

    According to Opensecrets.org, the Web site for the Center for Responsive Politics, on the Democratic side from 1989 to present, Senate Banking Committee Chairman Chris Dodd has accepted a total of $13,205,556 in campaign contributions, both in PAC and individual money, from the finance, insurance of real estate sectors.

    House Financial Services Committee Chairman Barney Frank has accepted a total of $2,494,611 in campaign contributions from the same sectors. In Frank’s case, top donors include employees from the American Bankers Association, the company that’s just bought Washington Mutual, JPMorgan Chase, and the National Association of Realtors. In the case of Senator Dodd, top donors include Citigroup, Bear Stearns and JPMorgan Chase. Dodd and Frank now play key roles in bailout talks.

  • 19 Fred Sinclair // Mar 22, 2009 at 2:00 pm

    Toolman #8 - “Who died and made Obama God?” I believe it was Friedrich W. Nietzsche, German philosopher. He is known for formulating the idea of the Übermensch (superman aka Obama), who can rise above the restrictions of ordinary morality.

    Nietzsche said, “There is no God.”

    God said, “There is no Nietzsche.”

    In the midst of all this mess - it’s a good thing that God has a great sense of humor. Only one of the two was right.

    Looking around I don’t believe anyone has seen Nietzsche for quite awhile, but I look around and see God everywhere! He’s certainly not a former Community Organizer/1st term junior senator from Illinois or a illegal alien from Nairobi, Kenya.

    Deut. 6:15 (For the LORD thy God is a jealous God among you) lest the anger of the LORD thy God be kindled against thee, and destroy thee from off the face of the earth.

    Acts 12:21 And upon a set day Herod, arrayed in royal apparel, sat upon his throne, and made an oration unto them.
    Acts 12:22 And the people gave a shout, saying, It is the voice of a god, and not of a man.
    Acts 12:23 And immediately the angel of the Lord smote him, because he gave not God the glory: and he was eaten of worms, and gave up the ghost.

  • 20 More Pay Limits « The Underground Conservative // Mar 22, 2009 at 2:13 pm

    [...] Economics, Humor, Socialism. trackback From Scott Ott at Scrappleface via Lakeshore Laments comes this brilliant parody: (2009-03-22) — With the debate over AIG executive bonuses nearly bringing official Washington to [...]

  • 21 MajorDomo // Mar 22, 2009 at 3:47 pm

    Slightly OT:
    Conservatism is at least 2064 years old. (See below):

    “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom
    should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.” - Cicero - 55 BC

  • 22 mindknumbed kid // Mar 22, 2009 at 3:59 pm

    http://www.cfpnewswatch.com/ads/impeach-the-teleprompter.jpg

  • 23 camojack // Mar 22, 2009 at 4:59 pm

    gafisher // Mar 22, 2009 at 6:59 am
    Camo, if you think the Dems are happy with anything less than 110% you’re living in a dream world…

    Actually, I don’t think the “Dems” are happy at all…it’s part of their problem.

    As for me, I like to delude myself that I have some (albeit tenuous) grip on reality… ;-)

  • 24 RedPepper // Mar 22, 2009 at 5:13 pm

    MajorDomo: Conservatism may be thousands of years old, but at least parts of that quote are probably not. If what I’ve read is accurate, this is what Cicero actually said:

    “The arrogance of officialdom should be tempered and controlled, and assistance to foreign hands should be curtailed, lest Rome fall.”

    The rest of the quote may have been added by the editors of the Kansas City Star :

    “In an editorial on January 15, 1986, the Kansas City Star quoted Cicero
    at length to bolster its own views about government spending. But the
    editor gave no source for his quotation and, when pressed to do so by
    skeptics, was unable to come up with any documentation. The Cicero
    statement sounds more like a disgruntled American critic of the welfare
    state than the Roman statesman.”

    See here.

    And also here.

    Ross Perot is among those who have used the ‘expanded’ verion of the quote, btw.

  • 25 RedPepper // Mar 22, 2009 at 5:16 pm

    Hey there, camojack!

    Did you get my email?

  • 26 Garnzo // Mar 22, 2009 at 5:20 pm

    “In America you can dream as big as you want, but everyone agrees we need strict controls on those whose dreams have come true,” Mr. Gibbs said.

    That line had my laughing out loud. Yet, it doesn’t seem too far removed from the ridiculous comments being made by administration officials lately.

    That’s when you know a society is in trouble: when it becomes harder to make the satire seem more ridiculous than the reality.

  • 27 camojack // Mar 22, 2009 at 5:33 pm

    RedPepper // Mar 22, 2009 at 5:16 pm
    Hey there, camojack!
    Did you get my email?

    Yes, I did…but I presume, based upon the question, that you did not receive my reply.

  • 28 RedPepper // Mar 22, 2009 at 5:37 pm

    camojack #27: That is correct. Just checked my inbox , too.

  • 29 camojack // Mar 22, 2009 at 5:37 pm

    Scratch that last; I see that there’s a new email from RedPepper.
    (I’ll go reply to that one, now… ;-) )

  • 30 Newsman // Mar 22, 2009 at 7:25 pm

    I think it is time for the administration to give some serious consideration to allowing some companies to fail, if not forcing them to fail - like maybe AIG. We are tossing untold zillions down that AIG open sewer and getting nothing out of it.

    Time to bite the bullet, take our lumps and move on to other companies/institutions that are worth saving.

    I believe I may be absorbing some republican philosophy here to which I think [ and have thought all along ] Obama should take into consideration. Repubs aren’t all wrong, altho the repubs think the dems are 100 % wrong.

    The truth is always found in the middle someplace and not on either extreme !!!

  • 31 Ms RightWing, Ink // Mar 22, 2009 at 7:33 pm

    Gee. I wrote on the cafe wall again. Real words, not pictures!!!

    DIARY OF A LAZY WOMAN

    http://shellyscafe.blogspot.com/

  • 32 onlineanalyst // Mar 22, 2009 at 8:09 pm

    Does signing a pledge when an Obamazombie comes to your door, urging you to support Obama’s agenda smack of a fascist technique?

    http://www.youtube.com/watch?v=9EglMVfUB74

    What happens if you tell the canvasser to get lost? What if you think that his agenda will bankrupt the nation and only grow government bureaucracy?

  • 33 RedPepper // Mar 22, 2009 at 8:30 pm

    Newsman #30: Truth is where you find it.

    A lot of people agree with your opinion that we need to stop throwing “zillions” down an “open sewer”, & I wouldn’t limit that to AIG.

    But, I would also point out, that is not the only thing you should find alarming. The Democrats were strident in their criticism of budget deficits under Bush (a record $438 billion for 2008). I’m waiting for them to express their opinion of a projected $1.845 trillion deficit for 2009, with trillion-plus deficits following in subsequent years, for a decade.

    And those projections may be optimistic !

    wv=”negative results” : gee, ya think ? ! ?

  • 34 alphahokie // Mar 22, 2009 at 9:11 pm

    The Obama’s will be cashing in on the liberal book and movie deals in the end and truly getting their share. Cashing in from public office is just as wrong to me.

  • 35 R.A.M. // Mar 22, 2009 at 9:47 pm

    When will Obama start “limiting” the cash that is flowing into Mr. and Mrs. Teresa Kerry’s bank acct, and those lovely and rich Clinton’s?

    BTW, doesn’t Barry know George Soros has a LOT more money that those nasty AIG execs?

    I hesitate to even think of the MANY rich Obama-bots that inhabit Hollyweird that are allowed to keep ALL of their money!

  • 36 Laughing@You // Mar 22, 2009 at 11:06 pm

    “Who died and made Obama God?”

    Dumbyah, that’s who!

    Everthink?

  • 37 Laughing@You // Mar 22, 2009 at 11:13 pm

    “The Obama’s will be cashing in on the liberal book and movie deals in the end and truly getting their share. Cashing in from public office is just as wrong to me.”

    I thought I read somewhere even Dumbyah has a book deal!

    In fact, I think he’s already started coloring it!

    Everthink?

  • 38 Laughing@You // Mar 22, 2009 at 11:19 pm

    “I hesitate to even think …”

    Clearly!

    Now try to hesitate before you post, then you will have really done something!

    Everthink?

  • 39 Laughing@You // Mar 22, 2009 at 11:30 pm

    “TEA (Taxed Enough Already) PARTIES are quite the rage now and the impact is quite noticeable, insofar as the MSM apparently is under a ‘gag’ order; their silence is deafening.”

    You mean you guys had a party and nobody came?

    Well, I think that’s shocking! It’s like everybody thinks you’re irrelevant.

    But then conservatives don’t believe anything they read in MSM, and the rest of us don’t care what conservatives think anyway.

    I bet you had plenty of clowns at your party though, didn’t you?

    Everthink?

  • 40 Libby Gone // Mar 23, 2009 at 3:34 am

    My Railroad has went bankrupt. We served fresh fruit and meat around the region, not to mention underprivilidged citizens who could not afford a car. Many dollars were spent establishing this connectivity with only the local people (mainly Democrats) in mind by a rather famous philanthropist.
    Who do I need to talk to about a government bailout?
    Granted my line is a short line but many people rely on it.

  • 41 gafisher // Mar 23, 2009 at 6:34 am

    Libby Gone Re: “My Railroad has went bankrupt.

    Would that be Taggart Transcontinental?

  • 42 Scott Ott // Mar 23, 2009 at 7:33 am

    If you want to help this story get wider circulation, you can go Digg it using this link.
    And now that you mention it, there’s a “Share This” link under every story that allows you to share the ScrappleFace love worldwide using a variety of social bookmarking sites, as well as by good, old-fashioned email.

  • 43 Pseudo-Polymath » Blog Archive » Monday Highlights // Mar 23, 2009 at 9:04 am

    [...] gives many major league sports, baseball in particular special status regarding anti-trust. Why shouldn’t they limit their profits? It always strikes me as odd the “free market” American sports are [...]

  • 44 Stones Cry Out - If they keep silent… » Things Heard: e60v1 // Mar 23, 2009 at 9:06 am

    [...] gives many major league sports, baseball in particular special status regarding anti-trust. Why shouldn’t they limit their profits? It always strikes me as odd the “free market” American sports are [...]

  • 45 Fred Sinclair // Mar 23, 2009 at 9:12 am

    This year will go down in history. For the first time, a civilized nation has full gun registration!
    Our streets will be safer, our police more efficient, and the world will follow our lead into the future. (Adolph Hitler 1933 — “Change” we can believe in)

  • 46 Fred Sinclair // Mar 23, 2009 at 9:25 am

    Oath Keepers
    Date: 3/22/2009 10:30:53 PM Eastern Daylight Time

    Oath Keepers is an association of currently serving military, veterans, and peace officers who will fulfill the oath we swore to support and defend the Constitution against all enemies, foreign and domestic, so help us God…

    Orders We Will Not Obey

    http://oath- keepers.blogspot .com/2009/ 03/oath-keepers- declaration- of-orders- we.html

    1. We will NOT obey any order to disarm the American people.

    2. We will NOT obey any order to conduct warrantless searches of the American people, their homes, vehicles, papers, or effects - such as warrantless house-to house searches for weapons or persons.

    3. We will NOT obey any order to detain American citizens as “unlawful enemy combatants” or to subject them to trial by military tribunal.

    4. We will NOT obey orders to impose martial law or a “state of emergency” on a state, or to enter with force into a state, without the express consent and invitation of that state’s legislature and governor. .

    5. We will NOT obey orders to invade and subjugate any state that asserts its sovereignty and declares the national government to be in violation of the compact by which that state entered the Union.

    6. We will NOT obey any order to blockade American cities, thus turning them into giant concentration camps.
    7. We will NOT obey any order to force American citizens into any form of detention camps under any pretext.

    8. We will NOT obey orders to assist or support the use of any foreign troops on U.S. soil against the American people to “keep the peace” or to “maintain control” during any emergency, or under any other pretext.

    9. We will NOT obey any orders to confiscate the property of the American people, including food and other essential supplies, under any emergency pretext whatsoever.

    10. We will NOT obey any orders which infringe on the right of the people to free speech, to peaceably assemble, and to petition their government for a redress of grievances.

  • 47 debass // Mar 23, 2009 at 9:50 am

    Redpepper,

    I don’t know if I’m listed, but my email address is

    shinnkokei@ suddenlink.net

    I thought my address was on my neglected blog, but couldn’t find it so here it is.
    You are correct if we carry affirmative action to its logical conclusion. We both could be on the same team kind of like we are now.

  • 48 Darthmeister // Mar 23, 2009 at 9:59 am

    Can’t wait until Mr. Obama gets around to rolling back the pay of those Democrat Congressional clowns [sounds of crickets chirping].

    Truly no American citizen or business is safe while this Congress is in session

    Real Science Debunks Global Warming Myth

    Newsman, glad you’re finally seeing the light. American law already has provisions for “bailouts” that needn’t be exacerbated by the clownish buffoonery of Mr. O’bama and Congressional Democrats that blindly embrace further rounds of corporate welfare dressed up as a “stimulus package”. It’s called bankruptcy. Whatever business can’t reorganize under present bankruptcy laws ought to be allowed to fail.

    “Who died and made Obama God?”

    Dumbyah, that’s who!

    Laughing Gasbag proves once again what a Bush-hating, partisan twit he/she/it really is. You see, in the end it’s always Bush’s fault. In their bizarro world Bush was so bad he made people vote for the incompetent empty suit Obama.

    Laughing Gasbag, your utter stupidity is showing!

  • 49 mindknumbed kid // Mar 23, 2009 at 10:18 am

    Beautiful spring day in Wyoming, lots of snow coming down being escorted by gusty winds. I went to work for a few hours but didn’t leave the parking lot. Hopefully tomorrow will be a more pleasant day. Nice to get a day off, too bad I will have do today’s work tomorrow until I get caught up. The electricity was off about an hour this morning, fortunately it wasn’t off longer and I am enjoying a comfortable environment. I’ll have to go out later and do some plowing, the snow is very wet and heavy, it will be a bit difficult to work with. Who’d would believe that yesterday we were using the A/C coming home from church!

  • 50 onlineanalyst // Mar 23, 2009 at 11:26 am

    Darthmeister: Your link didn’t work. Did you intend to refer to this one? The confab of scientists, not politicians and businesses, presented plenty of evidence that AGW is a myth and that humans have no effect on climate change.

    OT: Was Ackbar high during his “60 Minutes” interview?

  • 51 Laughing@You // Mar 23, 2009 at 11:30 am

    Darthmeister,

    Look dipstick, it’s not like you are intellectually wealthy now; but, “If you spend word for word with me, I shall make your wit bankrupt.”

    William Shakespeare -Taken from: The Two Gentlemen of Verona

    Everthink?

  • 52 conservative74 // Mar 23, 2009 at 11:38 am

    I certainly believe that Bush did some very messed up things. His Patriot Act was garbage.. his spending was garbage.. his plan with Iraq was probably not real well thought out. He was NOT a fiscal conservative.

    None of this excuses Obama and his socialist policy. We should be very concerned at his outright assault on American Business and really at his efforts of undermining the Constitution.

  • 53 onlineanalyst // Mar 23, 2009 at 12:57 pm

    This is an intriguing timeline and cast of characters in the AIG story: http://spectator.org/archives/2009/03/23/plenty-of-rahm-at-the-aig-tabl

    Rahm Emanuel has his sticky fingers in a lot of this mess while scapegoating, smoke and mirrors, and Ackbar’s television charm offensives are taking place. Believe me, the failed Obama presidency is not charming, but it is offensive.

    As Biden aptly stated at the Gridiron dinner, the Lightworker could not attend “because he was getting ready for Easter. (Stage whisper) He thinks that it is all about him.”

  • 54 boberinyetagain // Mar 23, 2009 at 2:09 pm

    Then again the market just LOVES Obama…loves him I tell ya…up nealry 400 in one day. What a guy!
    At this rate we’ll all be whole again in another 2 weeks…wee ha!

    Might want to hold off for just a moment though…the market is brimming with whack jobs/nut cases

  • 55 boberinyetagain // Mar 23, 2009 at 2:15 pm

    online, wethinks we’d be hard pressed to find anyone in financial circles with no blood on their hands. The whole lot of them are crooks through and through. We got taken and now we’re told that we must cough up whatever we have left to make the first taking right…Bush, to a slightly lesser extent Obama, most every politician/all bankers were either involved directly or knew exactly what was going on and they all did nothing. Add in CNBC whilst you’re at it.
    Please, lets get the ball rolling on locking up the lot of them. Which begs the question…who would blow the whistle…who would initiate such a thing? And we know the answer going in…no one.

  • 56 boberinyetagain // Mar 23, 2009 at 2:36 pm

    ola, seems you are in good company on your opinions…
    CARACAS (Reuters) - Venezuela’s President Hugo Chavez said on Sunday his U.S. counterpart Barack Obama was at best an “ignoramus”

  • 57 Fred Sinclair // Mar 23, 2009 at 3:11 pm

    As a basic rule, I refuse to engage in a battle of wits with an unarmed person. At least “Trolls are safe on that score.

    If it were possible to take up a wit collection from all of our “Trolls” (past and present I believe that in the bottom of the collection there would be, at best a half-wit.

    For something to keep their minds (?) busy I just got this from Barb.

    Subject: Deviantart…….

    Just click on the link below, then click on play, then leave the mouse alone, sit back and enjoy a piece of creative brilliance. We wonder who had time to do this!
    http://fc01.deviantart.com/fs13/f/2007/077/2/e/Animator_vs__Animation_by_alanbecker.swf

  • 58 boberinyetagain // Mar 23, 2009 at 3:12 pm

    sheesh, I hope this guy is wrong but I suspect that he isn’t…

    WASHINGTON (Reuters) - Nobel-prize winning economist Paul Krugman said in remarks published on Monday that the latest U.S. Treasury bailout program is nearly certain to fail, triggering a sense of personal despair.

    U.S. Treasury Secretary Timothy Geithner on Monday unveiled a plan aimed at persuading private investors to help rid banks up to $1 trillion in toxic assets that that are seen as a roadblock to economic recovery.

    “This is more than disappointing,” Krugman wrote in The New York Times. “”In fact it fills me with a sense of despair.”

  • 59 Fred Sinclair // Mar 23, 2009 at 5:05 pm

    This just in from a friend in Manhattan.

    It’s all happened with lightening speed!!!

    When the German people finally realized Hitler’s mayhem — they were afraid for their own lives and did nothing.

    Hitler’s brown shirts where everywhere. Even parents were not safe from their very own children and got arrested for speaking out against Hitler.

    In America mayhem is happening with lightening speed for everyone to hear and see.

    Political correctness has and is running amok and speeding up.

    A Usurper is in the White House destroying our Constitution our very way of life and even laughing about it.

    This administration thinks and has said so in public that Americans are stupid.

    Enemy Countries, Terrorists and illegal Aliens are being rewarded with tax payer money.

    How much more can the Americans people take before standing up and ending this mayhem for their Children born and yet unborn???

    GOD BLESS OUR MILITARY MEN AND WOMEN, VETERANS AND PATRIOTS

    GOD BLESS AMERICA!!!

    “IN GOD WE TRUST”

  • 60 JamesonLewis3rd // Mar 23, 2009 at 5:28 pm

    To you, O LORD, I lift up my soul;

    in you I trust, O my God. Do not let me be put to shame, nor let my enemies triumph over me.

    No one whose hope is in you will ever be put to shame, but they will be put to shame who are treacherous without excuse.

    Show me your ways, O LORD, teach me your paths;

    guide me in your truth and teach me, for you are God my Savior, and my hope is in you all day long.

    ~~ Psalm 25:1-5

  • 61 JamesonLewis3rd // Mar 23, 2009 at 5:48 pm

    FWIW: I “Twit This” to promote ScrappleFace at least once per blog post.

  • 62 MajorDomo // Mar 23, 2009 at 6:47 pm

    Thanks RP. I didn’t research it

  • 63 Laughing@You // Mar 23, 2009 at 10:06 pm

    Fred Sinclair

    “Hitler’s brown shirts where everywhere. Even parents were not safe from their very own children and got arrested for speaking out against Hitler.”

    Yes, when I spoke out against the invasion of a sovereign nation, which posed no threat to the United States, I was called unpatriotic, and an enemy sympathizer

    When I protested that our Bill of Rights were being violated by a tyrant who swore to defend them, my words were called treacherous.

    You here are the Republican S.A.!

    The will of the People of the United States has been expressed in a free and fair election!

    Do you now seek the violent overthrow of that government?

    The Supreme Court is in no way impaired. Seek your redress there!

    Everthink?

  • 64 Rasmussen Reports: 30% Say Government Should Limit Pay For Everyone Except Themselves | Moronmeter.com // Mar 27, 2009 at 3:01 pm

    [...] to the mark earlier in the week (before the Rasmussen report came out) with this piece of satire, Obama to Limit Pay for Wall Street, NFL, NBA, MLB. I especially like his last paragraph: The proposal would exempt most Hollywood stars and popular [...]

  • 65 Fausta’s Blog » Blog Archive » Satire, or prescience? “Obama to Limit Pay for Wall Street, NFL, NBA, MLB” // May 15, 2009 at 5:21 pm

    [...] Ott posted, Obama to Limit Pay for Wall Street, NFL, NBA, MLB “Some of these sports stars, like AIG execs, have negotiated sweetheart deals paying them [...]

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