Thursday, February 5, 2009

Corporate perks vs Obama's perks

Here's an ABC story comparing what corporate execs get vs President Obama, though it leaves out such major presidential perks as his helicopter fleet, which is being replaced right now at a cost in the billions. Nor does it point out that his 747's are also being replaced at astronomical cost.

The media has been running lots of stories about the high salaries and corporate jets enjoyed by failing companies. But the American organization that loses the most money by far is the federal government. The only reason it isn't bankrupt is because it can force the rest of us to pay its debts. So why is there outrage about corporate execs' expenses, and not about the far higher expenses of the president of the largest failed organization in the country?

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