And in spite of the NYT attempting to call this "populism" and implying pandering thereby, I think normal individuals absolutely agree.
“That is the height of irresponsibility,” Mr. Obama said. “It is shameful. And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility.”
Mr. Obama was reacting to a report by the New York State comptroller that found financial executives had received an estimated $18.4 billion in bonuses for 2008, less than for the previous several years but the same level of bonuses as they received in 2004, when times were flush.
There is also political pressure to rein in pay in industries beyond banks and investment firms. The pressure reflects the substantial disparities between pay increases for senior executives, the low rate of wage growth for workers and the frequent disconnect between compensation and the long-term strategic success or failure of corporations.
By the way, have I missed a style change? Does one say Mr. Obama now rather than President Obama?
Calling him Mr. Obama instead of Mr. President is wierd. That makes me mad.
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