by Richard Morrison
October 27, 2009
1. BUSINESS
The White House “pay czar” plans to
cut paychecks for top bank executives by 50%.
CEI Expert Available
to Comment: Senior Attorney Hans
Bader on how the government is mismanaging
executive compensation.
“The federal government has no problem paying exorbitant
sums of money to people who head failed government agencies like Freddie
Mac…The federal government does, however, have a problem with big compensation
packages at private banks like Bank of America and Citigroup, even for new
executives and talented managers who had nothing to do with any financial
mismanagement. Obama’s pay czar, Ken Feinberg, a major donor to liberal
politicians like Sen. Chris Dodd, is now chopping compensation more at
basically self-supporting institutions like Bank of America than at
completely-bailed out entities like Chrysler.”
2. CONSUMER
Environmental regulators in California move to require all cars sold in
the state to come with “advanced
window glazing.”
CEI Expert Available
to Comment: Director of Risk and Environmental Policy Angela Logomasini on the
expanding nanny
state:
“It’s not just bottled water. It’s not just soda taxes. It’s
not just fast food. There seems to be a never-ending crusade by big government
do-gooders to chip away at the family budget and our personal freedoms.
Why? They think know what’s best for the rest of us. As usual, California leads the way
with this stupidity. They’re now mandating that California automakers use “metallic
reflective window glazing” on the windows of all new cars in the state starting
2012. Supposedly that will translate into drivers using less a/c, which will
help save the planet from global warming. Wow. That’s even dumper than the
state of Virginia’s
law against certain levels of window tinting!”
3. HEALTH CARE
Congressional Democrats continue to push for a government-run
health care “option” under a different name.
CEI Expert Available
to Comment: Senior Fellow Gregory
Conko on what we can expect from the Senate’s current version of health care reform:
“Despite
claims that the Senate Finance Committee’s health care reform bill will
rein
in costs and eliminate waste from the system, the proposal will actually lead
to higher health care costs and an exploding budget problem for the federal and
state governments. The only features of that bill, and the other congressional
Democratic proposals, that could reduce the growth rate in health care costs
are not structured to work adequately.”
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