A Short Rant on Democrats and CEO Pay

RUSH: This is absurd. This is comical. I’m watching the Drive-Bys here during the break. Do you know what the big topic on MSNBC right now is? Bush’s speech tonight on the economy, nine o’clock. I’m not going to tell you what he’s going to say, but I know what he’s going to say. They brought in the big gun anchors at two o’clock in the afternoon to do a seven-hour pregame show on the president’s nine o’clock speech. And you know what the big topic is? Executive pay. ‘He better make sure that he cuts executive pay.’ Rome is burning and they’re worried about executive pay. Typical leftists. The only thing funny about this is the executives they’re talking about are also leftists. They’re also liberal Democrats. Greetings, welcome back, Rush Limbaugh, the EIB Network. Executive pay? Where’s that going to stop? Executive pay, then they’re going to get to your pay. Executive pay? You better call Frank Raines in there and you better get Jim Johnson in there. Executive pay? Oh, I know it’s popular, it’s class envy. I’m not saying yeah they should get their golden parachutes and everything when they fail, don’t misunderstand here. Executive pay’s got nothing to do with this. This is a government problem. The capitalist system did not do this.

Warren Buffett’s showing the way out of this. He got a sweetheart deal but he’s a capitalist in a China shop here. Warren Buffett’s not relying on the government, is he? He saw an opportunity, a buy opportunity, he went in there, negotiated a deal with Goldman Sachs, you and I can’t get it, but he did because of the amount of money he can give them. So what? It’s capitalism. It’s the way it works. It is not the government. Warren Buffett did not send Chris Dodd in to negotiate the deal for him. Warren Buffett did not call Barney Frank and say, ‘Hey, can you help me out at Goldman Sachs?’ He didn’t call Hank Paulson. He didn’t call Corzine, who used to work there, didn’t call Rubin. He called whoever’s running the show now. They just sucked it up, said, ‘Yeah, $5 billion, here, what do you want for it? Take whatever you want for it.’ Executive pay? For crying out loud. See, I intended to start this hour with audio sound bites. This is what I meant. I keep getting ganged up on here by idiots in the news. I feel the need to comment on it. Well, let me just continue in this vein for a quick minute here because the problem with Democrats running Congress is that they can’t let the light of day in on their greed and their rip-off of the American taxpayer.

If we’re going to start going after greed, this class envy stuff, let’s take it right where it’s originating and that’s Democrats in Congress. There ought to be no bill, no bailout that allows the inherently flawed dynamic of Democrats breaking this stuff to fix it. Chris Dodd, Barney Frank, they have to step down or recuse themselves from voting on this legislation. This is a scandal. This is a scandal. It’s not a collapse, it is a scandal, and that’s the way you need to look at it. A scandal of this magnitude, there’s no price to pay? Executive pay, yeah, the evil capitalists, yeah, they’re going to pay. Democrats are trying to see to it that we win a war without heroes. They want to lead America’s greatest economic scandal without any culprits and accountability. This is a huge scandal. And you watch, before this is all over, the Democrats are going to have to punish somebody in order to change the topic, and it’s going to be a great CYA maneuver that they make. Anything that’s done to punish the wealthiest Americans or the most successful corporations is going to hurt this country. They are the job creators.

If Democrats drag their feet on a plan, any plan for the purpose of letting the market slide so as to help Obama, then there’s going to be damage to the little guy and that’s always what happens with Democrat plans to help the little guy, it’s the little guy that ends up getting the shaft. A loss of wealth is a setback to the entire country, however they structure it.