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Now the Reason for Czars is Clear!

Ben Graham — Thu, 2009-10-22 12:14

Now we finally know the reason Obama appointed all these Czars!

From Fox News online:

"White House pay czar Kenneth Feinberg was the driving force behind the move to order steep pay cuts from bailed-out executives, and did not even seek the president's approval before making his decision.

The Treasury Department is expected to formally announce in the next few days a plan to slash annual salaries by about 90 percent from last year for the 25 highest-paid executives at the seven companies that received the most from the Wall Street bailout. Total compensation for the top executives at the firms would decline, on average, by about 50 percent.

The sweeping decision, though, came from Feinberg and not from President Obama."

Now can you see? Obama has plausible deny ability. He can say that he had no idea that this was going to happen. And Feinberg will take the fall for it. This allows Obama to get everything done he wants to without taking the fall for it.

Ah yes the political responsibility of a great leader.

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Good Strategy

bond56 — Mon, 2009-11-02 04:43

Sounds like a good strategy if he did indeed intend for it to play out this way.

Led Lighting | Led Downlights

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Nice article

niabroad — Thu, 2009-10-29 19:42

Nice article

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