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"I really don't want the government to take over these businesses and start telling them everything about what they can do." Minority Leader Mitch McConnell told ABC News in February, when asked about Obama's proposed limits on executive compensation. Senator Jim DeMint, who attacked the original bailout bill as "pure socialism," characterized executive pay caps as a dangerous government intervention. "I think it's a sad day in America when the government starts setting pay, no matter how outlandish they [sic] are," DeMint told the Huffington Post. "This is just a symptom of what happens when the government intervenes and we start controlling all aspects of the economy." DeMint's right-wing compatriot, James Inhofe, also equated limits on compensation with the demise of the American way. "As I was listening to [Obama] make those statements I thought, is this still America? Do we really tell people how to run [a business], and who to pay, and how much to pay?"
A mere six weeks later, DeMint and Inhofe are now attacking the administration for failing to curb these executive payouts. In a long diatribe delivered on the Senate floor on Tuesday, Inhofe abandoned his earlier defense of businesses to make their own decisions about compensation to express his "deep anger" over the pay. "I don't know how someone at AIG giving out or receiving a bonus right now can look at themselves in the mirror," Inhofe thundered on the floor. "You can be sure that we will do all we can to right this wrong and get these bonuses back." DeMint has also found ways to channel his newfound anger against corporate pay.
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Excerpt:
"I really don't want the government to take over these businesses and start telling them everything about what they can do." Minority Leader Mitch McConnell told ABC News in February, when asked about Obama's proposed limits on executive compensation. Senator Jim DeMint, who attacked the original bailout bill as "pure socialism," characterized executive pay caps as a dangerous government intervention. "I think it's a sad day in America when the government starts setting pay, no matter how outlandish they [sic] are," DeMint told the Huffington Post. "This is just a symptom of what happens when the government intervenes and we start controlling all aspects of the economy." DeMint's right-wing compatriot, James Inhofe, also equated limits on compensation with the demise of the American way. "As I was listening to [Obama] make those statements I thought, is this still America? Do we really tell people how to run [a business], and who to pay, and how much to pay?"
A mere six weeks later, DeMint and Inhofe are now attacking the administration for failing to curb these executive payouts. In a long diatribe delivered on the Senate floor on Tuesday, Inhofe abandoned his earlier defense of businesses to make their own decisions about compensation to express his "deep anger" over the pay. "I don't know how someone at AIG giving out or receiving a bonus right now can look at themselves in the mirror," Inhofe thundered on the floor. "You can be sure that we will do all we can to right this wrong and get these bonuses back." DeMint has also found ways to channel his newfound anger against corporate pay.
