Excessive Raises CEO's  January 28

WASHINGTON — A report Monday criticized the U.S. Treasury Department for approving excessive salaries and raises at firms that received taxpayer-funded bailouts during the financial crisis.

The Special Inspector General for the Troubled Asset Relief Program said Treasury approved all 18 requests it received last year to raise pay for executives at American International Group Inc., General Motors Corp. and Ally Financial Inc. Of those requests, 14 were for $100,000 or more; the largest raise was $1 million.

                                                            My Response

And the Republican Party has the audacity to say that poor people and the disadvantaged are moochers and looking for a handout. These CEO's need this money like there is iced water in hell. Many poor people need affordable health care and many Republicans don't like the idea of Universal Health Care. Such hypocrisy!