Friday, January 30, 2009

Executive Bailout - The Corker Doctrine to the Rescue?

With the walls crashing down all around, word is out that Executives on Wall$treet skimmed $18.4 Billion in Bonus Compensation last year.  As their firms failed, banks shuttered, our 401k floundered they made out like Bandits.

As this news gets out, you’d think that Senator Bob Corker (R-TN) would be blowing a fuse at this very moment!

As you may recall Bob Corker is the principal architect of The Corker Doctrine, which holds that:

Workers at troubled American companies should earn no more in pay, benefits and BONUSES than workers employed at comparable foreign companies.
The Corker Doctrine is a matter of principle, just as the Monroe Doctrine or the Roosevelt Corollary to the Monroe Doctrine and The Bush Doctrine. With 18,400,000,000 Dollars lining the pockets of the Titans of Finance from tanking firms, surely Corker should be calling a Press Conference at any moment to demand firm application of the Corker Doctrine.

So far Bob Corker remains silent.  But expect a mighty roar from the Father of the Corker Doctrine at any time.

UPDATE: No word from Corker yet.  But he should comment soon.  

Editorial Note: I mistakenly listed the "Bush Doctrine" along with the Monroe Doctrine and the Roosevelt Corollary as declarations of principle.  It turns out that the Bush Doctrine merely consists of a series of changing self justifying explanations for the invasion of Iraq.  This mistake has been corrected above.

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Stay the Course

Stay the Course
He's Probably got the hang of it by now. So give'em another chance. And with the Supreme Court and the good Lord on his side, why not give it a try. Write in Bush.