Congratulations Pres. Obama for showing leadership

I have been quiet on President Obama's actions regarding the bailout, government money and the Stimulus package being discussed in Senate.

But I feel that Pres. Obama took the right action today in limiting the pay of executives at banks that have received tax payer money. Right on!

Now, I would like him to have a serious talk with Nancy Pelosi and wake her up to the reality that most of us think that the stimilus package approved the House needs to be reworked.



From CNN 2/3/2009:
Pledging to take "the air out of golden parachutes," President Obama announced Wednesday [2/4/2009] that executives of companies receiving federal bailout money will have their pay capped at $500,000 under a revised financial compensation plan.

$500,000 will be the limit on executive salaries at companies receiving tax dollars, President Obama said.

Last year's "shameful" handout of $18 billion in Wall Street bonuses "is exactly the kind of disregard for the costs and consequences of their actions that brought about this crisis: a culture of narrow self-interest and short-term gain at the expense of everything else," Obama said to reporters at the White House
http://www.cnn.com/2009/POLITICS/02/04/obama.executive.pay/index.html