Sunday, February 1, 2009

Should bailout beneficiaries have a pay cap? ('Pail Poll)

Well, our last 'Pail Poll was pretty lopsided. It asked you if Bush was the worst President since each of an assortment of historical events. In all, 5 of you said he was the worst President ever. But 10 of you said Bush wasn't even President, because he stole the election. None of the other options garnered a single vote.

With Bush now gone and in disgrace, it's time for a new 'Pail Poll! This one asks you whether there should be a law to limit the pay of top executives at banks and other companies that received federal bailout money.

There's now a bill that would cap execs' pay, after some CEO's used bailout money to give themselves huge bonuses. After autoworkers were forced to take a pay cut, why are bank execs able to get a pay raise?

Should bank execs' pay be limited after getting bailout money? Or should there just be "stern letters"?

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