"Obama also intends to tax hedge fund manager's wages as ordinary income, whereas in the past these funds were transformed into capital gains, which were taxed at a lower rate. Obama's plans transcend hedge funds, and include pay reforms which would level the playing field, and may make the gigantic wages of executives at companies like AIG, Citigroup, Fannie Mae and Freddie Mac a thing of the past. Cramer agrees with these reforms,....."
This removes the incentive to work hard and to be paid based on performance. Like a sales commission, if you're only on salary, why try to excel. I can't believe we've reached the point where we let the Government dictate salary levels. Change is here, BHO socialism. (and Cramer agrees, now that he's been slapped down by CNN, Jon Stewart, and others on the Obama hit squad)
Why Are We Wasting Our Energy on the Bonuses? [View article]
you said "I cannot fathom the logic behind doing a witch hunt for the bonus recipients. "
quite simply, it diverts attention away from the failures of Congress and plays into Obama's redistribution of wealth agenda. It sets up bankers, investment bankers, hedge fund managers, and all the other Wall Street scalawags as the evil criminals who are responsible for this so called economic mess. (not the worse economy since the great depression, but maybe since the failed Carter administration, but they won't talk about coward carter).
So next there will be more government regulation and fees/taxes, and they're going to control salaries of all wall street types, not just those who accept govt. money. If they can keep the people angry they can destroy wealth.
It's been clear Obama holds wall street in contempt and cares not if it fails.
More Outrageous than Bailout Bonuses? Nonstop Printing of Money [View article]
amen. the obama strategy is to keep the people stirred up and angry to justify more govt. regulation and more control over our lives. the bonuses are no big deal, just consider it part of the bigger wasteful "stimulus spending" program. now watch our incredibly stupid congressional people try to tax the bonuses or pass some law to control compensation. As simple minded as it sounds, the solution is to "vote all the bast**ds out"!
Cramer's Mad Money - The Bernanke Basket (3/16/09) [View article]
so much outrage and hatred focused on AIG will now allow the Fed Government to further regulate and take over more control of all financial institutions. Mindless people are so easily manipulated, yet they don't show the same outrage over congressional pay raises or wasteful, corrupt govt. spending. Barney Frank said last year he intends to limit executive compensation of companies taking govt. money, and "next year, to extend it to all financial institutions". They are trying to set salary limits on all executives, everywhere. It's happening, obama change is here, centralized control fueled by outrage and hatred. People are so blind. Goodbye capitalism, good bye freedom and democracy.
Cramer's Mad Money - 10 Stocks to Watch (3/23/09) [View article]
This removes the incentive to work hard and to be paid based on performance. Like a sales commission, if you're only on salary, why try to excel. I can't believe we've reached the point where we let the Government dictate salary levels. Change is here, BHO socialism. (and Cramer agrees, now that he's been slapped down by CNN, Jon Stewart, and others on the Obama hit squad)
Why Are We Wasting Our Energy on the Bonuses? [View article]
quite simply, it diverts attention away from the failures of Congress and plays into Obama's redistribution of wealth agenda. It sets up bankers, investment bankers, hedge fund managers, and all the other Wall Street scalawags as the evil criminals who are responsible for this so called economic mess. (not the worse economy since the great depression, but maybe since the failed Carter administration, but they won't talk about coward carter).
So next there will be more government regulation and fees/taxes, and they're going to control salaries of all wall street types, not just those who accept govt. money. If they can keep the people angry they can destroy wealth.
It's been clear Obama holds wall street in contempt and cares not if it fails.
More Outrageous than Bailout Bonuses? Nonstop Printing of Money [View article]
Cramer's Mad Money - The Bernanke Basket (3/16/09) [View article]