I’m watching “Meet the Press” this morning with Tom Brokejaw (who is demonstrating how skilled Tim Russert was to call people on their b.s. to their face. It’s harder than Russert made it seem) and I just saw something that really wanted to make me laugh out loud.
Sen. Claire McCaskill (D-MO) was there defending Barack Obama and Carly Fiorina (mentioned a good deal in this post) was defending John McCain.
The topic came up briefly, but both McCaskill and Tom Brokaw missed the point that Fiorina was a perfect example of the failed, hugely paid executives. McCaskill made the point that CEO pay was out of control and mentioned it was something Barack was concerned about as well.
Neither pointed out they were sitting with someone who had been fired for poor performance and was given a $21,000,000 payout. I wonder which side of the issue of executive pay she stands on? Which is the one McCain does?
This is further reflected in the fact that McSame’s head economic advisor was trying to tell everything that the “recession is all in the mind”.
Here is Gramm on CEO pay (and now you know why Fiorina works for McCain)
Phil Gramm Quote on CEO Pay
I don’t like McCain, but I’d sure be happy if he brought ex-Senator Phil Gramm along for the ride:
… Wall Street bankers make tens of millions of dollars in salaries and bonuses each year. How would he justify these fat pay days? “It’s simple,” he lectures, sounding very much like the Texas A&M economics professor that he was in the 1970s: “In economics, we define labor exploitation as paying people less than their marginal value product. I recently told Ed Whitacre [former CEO of AT&T, who retired with a $158 million pay package] he was probably the most exploited worker in American history because he took Southwestern Bell, which was the smallest of the former Bell companies, and he turned it into the dominant phone company on earth. His severance package should have been billions.”
The former senator’s suggestion that much of Americans’ economic pain and uncertainty is psychosomatic came in an interview with the conservative Washington Times. “You’ve heard of mental depression. This is a mental recession,” he told the paper. “We have sort of become a nation of whiners. … You just hear this constant whining, complaining about a loss of competitiveness, America in decline.”
All this whining from the peons, as the decisions I’ve made over the years come home to roost. Woe is they and their cake (which they can buy with a gas tax rebate*).
Mr. Gramm, a budget hawk in Congress who’s known Mr. McCain for decades, played a key role in rescuing the campaign a year ago. But that didn’t stop Mr. McCain from issuing a sharp critique of the comments while campaigning Thursday in Michigan.
And so Phil gets tossed under the bus faster than you can say, it’s the
Mr. McCain – clearly unhappy with the distraction – said that people who’ve lost their jobs or are struggling to pay bills aren’t suffering from a ” ‘mental recession.’ … America is in great difficulty, and we are experiencing economic challenges.”
Asked if he still would consider Mr. Gramm for Treasury secretary or another top administration post, he said, “Senator Gramm would be in serious consideration for ambassador to Belarus, although I’m not sure the citizens of Minsk would welcome that.”
It was probably a joke, but he never cracked a smile.
* seriously, is there any problem that Republicans don’t think is best fixed by a tax cut? Do they not realize that roads must either be built or fall to pieces and this requires…taxes?