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Dems Go After Insurance Exec Salaries

From the fact free Associated Press:

U.S. Sen. Blanche Lincoln, D-Ark.

Senators target insurance exec pay in rare session

By Erica Werner, Associated Press Writer

WASHINGTON – Americans can’t take weekends off from worrying about health care and the Senate shouldn’t either, Majority Leader Harry Reid said Saturday as he opened a rare weekend session to debate President Barack Obama’s health care overhaul.

With Democrats preparing to vote on an amendment targeting tax breaks for insurance executives’ pay, Reid lashed out at "greedy health insurance companies" that he said make profits by neglecting consumers’ health needs.

Reid, D-Nev., called the weekend session as he races the clock to complete action on the 2,000-page remake of the nation’s health care system by Christmas…

Talks to find common ground on those issues are happening behind the scenes, but coloring the public action. Democratic leaders were giving the spotlight Saturday, the sixth day of debate on the bill, to Sen. Blanche Lincoln, D-Ark. — a key moderate with a difficult re-election next year — to propose an amendment that would limit tax deductions for insurance executives’ salaries.

The amendment would not specifically limit how much insurance executives’ could be paid, but how much of their pay companies could deduct as a business expense. Currently that amount is $1 million per executive. Lincoln’s amendment would reduce it to the level of the U.S. president’s salary, now $400,000.

The bill already includes a limit of $500,000 added by Lincoln earlier, so the new amendment doesn’t represent a major change, though it does add a provision directing the expected $650 million in revenue to the Medicare trust fund.

It also gives Lincoln something to brag about as her poll numbers sag back home

Yet another ‘Saturday Night special.’

Maybe even the Democrats don’t want us to notice what laughable demagogues they are.

With Democrats preparing to vote on an amendment targeting tax breaks for insurance executives’ pay, Reid lashed out at "greedy health insurance companies" that he said make profits by neglecting consumers’ health needs.

Even the Associated Press has been forced to admit that health insurance companies rank near the bottom of all industries when it comes to profits.

The greedy reprobates reported a 2.2% profit last year.

A detail that we have not seen mentioned in any of the countless stories about rapacious insurance companies for or since.

It also gives Lincoln something to brag about as her poll numbers sag back home.

Really? Are the denizens of Arkansas that eager to have to federal government determining their salaries?

Somehow we doubt it.

Goodbye, Blanche Lincoln.

Goodbye, Harry Reid.

This article was posted by Steve on Saturday, December 5th, 2009. Comments are currently closed.

14 Responses to “Dems Go After Insurance Exec Salaries”

  1. proreason says:

    Wouldn’t it be interesting to see an honest poll comparing a couple of group’s anger at private industry executive pay.

    The 2 groups whose reactions I’d like to see are: ordinary citizens, and congressional representatives.

    Gotta strong hunch that despite our loving politicians success at 3 card Monte, they are livid with jealousy and anger at private business executives.

    And for ordinary people? Except when whipped into a fury by those loving politicians, they don’t even think about it.

  2. Liberals Demise says:

    Ummmmm ………. now is the time to return the stones back to the tossers!!
    (Extra points for head shots)

    • AmericanIPA says:

      That’s what I was thinking.

      Is there anyone on Earth more greedy than our government right now? All these executives that have such outrageous pay at least provide products or services to their customers (fuel, insurance, pharmaceuticals, etc.) but what is the government providing besides horrible judgment? They continue to take more and more of what isn’t theirs to take in the first place but it’s never enough. Now that sounds like greed to me.

    • Petronius says:


      My definition of greed — a Democrat Party that wants the whole enchilada:

      Class war, race war, and a war against prosperity.

      One is never enough. They have to have all three.

  3. joeblough says:

    Didn’t we have a name for societies where the gov’t decides your salary?

    Let me think …

    Well there were those German guys where the gov’t decided your salary, but your boss still had to pay it.

    And then there were those Russian guys where the gov’t decided your salary, and they paid it too. (Was that called a single payer system?)

    Now I forget, who were they again … ?

  4. crosspatch says:

    How about a cap on salaries for actors, movie studio executives, and lawyers?

    • U NO HOO says:

      I seem to remember that many years ago Jane Faonda suggested that remuneration be capped to stabilize society except in her case, she is creative so she could make as much as she could.

    • canary says:

      Spielberg donated major to Obama and attended the recent WH State party, which only surprises me because Of Spielberg’s work on Holocaust movies and documentaries. Too busy to notice Obama’s history and ongoing slights towards Jews and Israel?

      As Ronald Reagan explained, if the U.S. allows socialism and communism to take over, the government will be telling the movie stars what kind of movie to make.
      I think it explains the media sucking up to Obama. The media controls the world, and Obama controls the media.
      You recall newspaper editors in foreign countries sacrificing and losing their lives to expose tyranny. Here most the media would rather strive for a seat at with the tyrants table; and let America die.

  5. Chuckk says:

    Obviously the Dems haven’t gotten enough campaign contributions from the insurance industry. I’m sure the checks are in the mail by now.

  6. Rusty Shackleford says:

    One would have to be a complete, drooling fool to say, “Yeah…stick it to those greedy execs…they deserve it.” without making the connection that they’ll come after YOUR salary soon enough. This is the kind of ignorance we have to put up with and try to work around. Conservatives constantly make the mistake of trying to combat FEELINGS and BELIEFS with reason and facts.

    As sound and logical as it seems, it can’t be done.

    The only thing that will work is REALITY. When all the hopey-changey BS is proven to cost more, put more people out of work, kill more people, harm more people, and ultimately result in the US being quite literally in the gutter….only then will SOME people realize that “uh…maybe it wasn’t such a good idea”.

    But already, even in the face of “The Stimulus” not working as it was TOLD to us by Barry the oh-so-bright-one, people actually STILL believe that more money needs to be thrown at it. The effect is the same as just burning the money, of course.

    I would love for someone like Beck to put out there a basic economics course to explain how it really works…but as I said, logic and reason cannot fight the belief that this paper government is doing something “good”. Reasonable people with thinking minds on top of their necks know it but are powerless to stop it. Invariably, one runs into the ad hominem argument. It’s the same with AGW, as it is with the economy, gun laws, etc.

    To many unchecked FEELINGS out there and that’s what the dems are counting on. That’s why all the empty rhetoric, the constant buzz-word usage (crisis, immediately, etc). They have a lexicon of words that have been studied and proven to evoke the most powerful emotions whether they use it so sell their crapcare program or attack the conservatives. They prefer an emotional constituency to one that thinks.

    Therefore, as with all battles, one must destroy them completely. No, I’m not talking violence; I’m saying they have to be voted out, then silenced….with the MSN giving them NO voice at all….as in IGNORED. They can talk all they want. For myself, I have chosen to not watch MSM for the past 15 years or longer, I don’t read the papers, even my Yahoo “home page” (which I hate) I generally ignore. I will occasionally read an article if I think it’s of use here at S&L but it’s very liberating to have satellite radio and not be told the news as the MSM sees it.

    I, for one, will not go down without a fight. I have a very basic hatred of letting anyone control me. Even in the military, I was something of an against-the-grain kind of guy. Sure, I would “go along to get along” but unfairness and prejudice of any and all kinds got under my saddle and I would often say something or figure a way to protest it.

    It’s not just liberals that can be very good at duplicity. Whenever there is more than one person in a room, there is politics. The problem is how people can get wrapped up in something that actually hurts everyone. Egos, pride, fear, embarrassment, anger, shame, etc….all tie in to produce some end result.

    However, the democrats right now have the most reprehensible set of reprobates I have ever seen assembled in something that wasn’t a prison yard. And the prisoners were probably in many cases of much higher moral standards.

  7. Enthalpy says:

    You don’t ever hear much about Peter B. Lewis, Chairman of Progressive Insurance Company. He and Soros saw to it that Joe Lieberman had to run as an Independent when their Leftist loon won Joe’s seat in the Senate primary. Mr. Lewis is a billionaire, as is George Soros. What about them? The evil in all of this isn’t private insurance companies or their operating officers. The evil rests with the Leftist loons of the
    Democrat and Communist parties along with those of the Republican party who insist on reaching out to the Left for some sort of compromise. There is no compromise!

    • U NO HOO says:

      Peter B. Lewis, well, you see, he is different he uh, well that is his…well he uh is different. So is Soros. They obviously get the big picture.

      They aren’t like Aetna’s CEO who makes 25 million dollars to head a company with 35 million policy holders. I have Aetna, the man can keep my dollar.

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