I can’t tell you with a hundred percent certainty that every single item in this [economic] plan will work exactly as we hoped. But what I can tell you is — I can say with complete confidence that endless delay or paralysis in Washington in the face of this crisis will only bring deepening disaster. I can tell you that doing nothing is not an option.
Trust and stability are gold in a managed float economy. Even though we may not have stability on a global scale, at least there is still trust at home. Props to President Obama for setting the $500,000 salary cap for bailed out CEOs.
Obama’s Salary Cap
Trust and stability are gold in a managed float economy. Even though we may not have stability on a global scale, at least there is still trust at home. Props to President Obama for setting the $500,000 salary cap for bailed out CEOs.
Source: LA Times – Obama’s pay cut could mean huge pay cut for top executives
Tags: Barack Obama, economy, global
Posted in Commentary, Theory | Comments