The New Bailout

[tw]

Spending cut where needed and that so anger extremist Republicans. From the Washingont Post of 13 Feb 2009:

The bill, which President Barack Obama is expected to sign into law Monday, limits bonuses of executives at all financial institutions receiving government funds to no more than a third of their total annual compensation. The bonuses must be paid in company stock that can only be redeemed once the government investment has been repaid.

Finally spending cuts are implemented where most needed.

Extremists Republicans enriched themselves and their supporters while reducing American incomes by 2%. Time to cut costs where Republicans don't want spending cuts.