The McCaskill solution of a $400K cap on CEO salaries/benefits seems to be getting a lot of press (or MSNBC is really bored today).
The McCaskill Cap seems a reasonable idea (but for all the talk of how the CEOs were idiots, what should we say for Senators who didn’t put in safeguards to block this from occurring?*).
As for this plan’s ability to do much now. Eh. Depends on if there are benefits that haven’t been paid out yet.
* – not to be too mean to Senator McCaskill, but there’s a difference between audacity and idiocy. What the CEOs did by soaking taxpayers was pretty much audacious.
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Update: And a diary on this topic is currently the top recommended diary on DailyKos.
Update – Michael Bersin – Claire McCaskill on the floor of the Senate:
It would have been nice to have this in the original bailout package.
better late than never I say. And it might have some punitive effective going forward for folks used to taking home millions yearly …400K is hardly enough to cover the upkeep on one of the vacation houses–as long as effective auditing is possible to ensure that the cap is really applied.
to be safeguards and conditions on the TARP money but Bush & Paulson never got around to putting in the people they were supposed to for the overseers and it never got done.
Of course, it wasn’t supposed to go to the banks in the first place, it was supposed to be used to buy up the troubled assests. So, since it was all changed around it is all a moot point in the reality.
That Kos diary went up 3 hours after this diary. If only I was more blindly enthusiastic, and used bold fonts.
Uh, Ike Skelton voted for the House version of the bill. He’s not the “anxious” type.
Good for her!
these types of issues from the first and left things like FISA to the rest of the Democratic caucus to decide. She would have done us all a service.
I’m still anxious about her on this issue though. She really likes the whole “keep a tight ship” message and that plays well with the public – but we need a big stimulus. While I agree with her basic message that the stimulus should be appropriations for monies that go directly into the economy quickly and not just ‘good’ funding – I fear she might take the whole thing too far. And the tax breaks she’s touting DON’T get into the economy as fast as needed and are not a good choice for stimulus.
Truthfully I don’t trust a word Claire says anymore even when she says things I agree with.
Claire has been a huge disappointment and I find her public utterances embarrassing. Idiots…huh….dumb like foxes.Greedy bastards is more like it.
She thinks she has to be conservative to win in Missouri. I wonder if she realizes that people like me who worked hard for her won’t be there for her the next time around?
I can’t see one thing she has done that benefits Missourians and her communication with her constituents is zilch.