Quote of the Day:
So, yes, two things need to happen. And that is number one, there needs to be a line in the sand and finish these negotiations.
Senator Bob Corker (R-TN), Architect of The Corker Doctrine, on the Kudlow show discussing Loan Guarantees to Chrysler and GM.
Two Points to make.
One, if something is on Kudlow’s show it is fact.
Example: if Kudlow were to report that the Bush Boom, in fact existed, and was here to stay, stock in sunglasses companies would go through the fucking roof because the future would be that bright. No Doubt.
Two. As far as I know, Corker has yet to draw that line in the sand on executive compensation like he has regarding the compensation of factory workers. As a bold statement of Principle, The Corker Doctrine maintains:
that employees at troubled American companies shall receive no more in compensation than employees at similar Foreign Companies earn.
This is an across the Board Declaration. It applies equally to all regardless of any white collar or blue collar designation. It is surprising, however, that Corker has not spoken about the Extravagant Executive Compensation skimmed from the public coffers with near as much vigor as he has spoken about compensation earned on the factory floor. Maybe it is the old walking and chewing gum line. I don’t know.
But if so, after Corker nails down the factory workers, expect Corker to go after extravagant executive compensation with equal grandeur. The Fat Cats will never know just what hit them.
KA-BOOM. That was the Corker Doctrine and a dose of justice that just hit you.
But for now, the World Waits for Bob Corker with Baited Breath.