Aug 20, 2009 Political
Well, its good to be king, if you are only really a kinglet- you know, like piglet, only without the good connotations.
Apparently, if you are Henry Waxman or Bart Stupak, you feel that you can do anything you wish, even if it flies in the face of the Constitution and the capitalist free market. What scum they are.
Ever since the “bailouts” of the banks and lending institutions, these little kings have decreed that there will be no excessive pay or bonuses with taxpayer money (ignoring, of course, the pay raise they gave themselves, those hypocrites), but that was in the case of taxpayer subsidized bailouts, and partying on the taxpayer’s dime is a little gauche- and these little kings should know, because they party with the best of them.
But since the memo went out from Nancy the numbskull (quite literally- I understand excessive botox does numb the nerves in a head- some of them possibly vital) to demonize the insurance companies, now the mental pygmies Waxman and Stupak are leading the charge to investigate the pay of insurance CEOs and other honchos. What moral midgets they are.
Two powerful House Democrats have sent a letter to insurance companies asking them to provide detailed information about their conferences and retreats, executive pay, and other business practices.
The letter comes in the midst of a campaign by Democrats, as part of their push to build support for a health overhaul, to portray the insurance companies as the villains of the health-care system. Insurers say they are working with Congress on an overhaul and resent being cast as the bad guy.
The letter is from Rep. Henry Waxman (D., Calif.), who is chairman of the House Energy and Commerce Committee, and Rep. Bart Stupak (D., Mich.), who heads the panel’s Subcommittee on Oversight and Investigations.
It might appear that these a**holes are trying to show the Resident how tough they are, but the bottom line is that what they are doing in this instance, in essence threatening these companies with the weight of a government “kangaroo investigation” into executive compensation. They have no right, period. Not when these companies haven’t taken the taxpayer’s money. In a free market, which is what our system is based on, people are free to earn as much as they can, the whole purpose of this system is to get ahead.
If you are constrained in how much you can earn by government dictate, then you are living under a totalitarian regime, that much is certain, and this is not the United States I know and love.
The letter, sent Monday, did not refer to the health overhaul debate, saying only that the committee “is examining executive compensation and other business practices in the health insurance industry.” The letter requests the companies’ help, but is not a subpoena.
Chris Curran, a spokesman for Cigna Corp., said the company had not yet received a letter from Mr. Waxman, but like the rest of the industry, expects to get one shortly. He said the company planned to respond appropriately.
Mr. Curran defended the company’s executive compensation program, saying it is designed to reward executives and attract talent, and added that more than 90% of the compensation of Cigna’s CEO is performance-based.
Much of the information requested in the letter is available in public documents, Mr. Curran added, and the company has no problem turning it over.
The government does not actually have the powers to do what these liberal pimps want to do. Not when there is no taxpayer assistance involved. It is just a naked power play by some very insecure people, and someone needs to challenge them so this can go to the Highest Court in the land.
It’s way past time for the third branch of the government to weigh in, because the “fourth branch” of the government is gutless, and will not be critical of their new “buddies”.
They are BFFs on each other’s Facebook- why would they want to spoil that?