Quote:
Originally Posted by TheMercenary
As I recall, Bush et. al. were making decisions in conjunction with the Obama team immediately after the election results were announced. It was a historic period of cooperation between the transition teams. The Obama team had their hands in the Democratic plan from the beginning. It will be very hard to pass this off on Bush.
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Your recollection is not quite right. The TARP bill, in which Bush refused to include a provision to limit executive compensation, was signed before the election.
Some Republicans were opposed to limits on executive compensation at the time as well:
"What executives have done is troubling, but it's equally troubling to have government telling shareholders how much they can pay the executives," said Sen. Mel Martinez (R-FL).
Sen. James Inhofe (R-OK) "... is this still America? Do we really tell people how to run [a business], and who to pay and how much to pay?"
There is plenty of blame to go around.