The Congressional version of the pay restriction order, proposed by Christopher Dodd, chairman of the Senate Committee on banking, housing and urban affairs, is more stringent than the pay restriction proposed by the Oklahoma government.
The salary limit that Congress may pass this time will apply to all financial institutions that receive government assistance, whether the enterprise has received money or is about to receive it. The "pay restriction order" of aoguanhai is only applicable to the enterprises that are rescued in the future.
Only top paid employees, such as chief executives, are restricted by pay orders for businesses that receive aid loans of less than $25 million.
For businesses with more than $500 million in loans, the income of all senior executives and 20 other top paid employees will also be limited.
In other words, Congress will extend the salary limit to star traders, fund managers and sales representatives. "
Oston looked at his son as if he was dismissive of the hearing. He gave his son a bad look and revealed a proposal to Andy that was being submitted to Congress for approval.
"This proposal is highly likely to pass, because now the Olympic Games is in urgent need of the support of Congress. As long as the people feel that some people are" getting rich "by the government's rescue, the government can't expect to get more financial rescue funds from Congress. At present, the issue that hinders the adoption of the rescue plan has become the focus, whether to save their salaries or save the capital system!"
"Ha ~ after the introduction of this kind of salary restriction, those small enterprises will not be willing to apply for rescue funds, which will affect the effectiveness of rescue operations. This is a one size fits all gimmick. If it is implemented, most of the talents will be lost. Ho ho ho, the recruitment for Wall Street organized by TianChao financial company has been in full swing for a long time, and then there will be another buzz! "
Andy made a ha ha, no doubt about it, except that his own Yingtai bank and Tesla company have received the government's rescue funds, but there are no restrictions on other enterprises.
Yingtai bank is now on the path of traditional savings bank. It has long abandoned the path of commercial investment bank, most of which are employees with fixed salaries.
As for Tesla, there is no problem of paying salaries and bonuses indiscriminately, because it is in a state of burning money. The money is not enough, how can it be spent on the management.
As for his boss, who has dozens of companies, except Tesla, Freetown app, Starbucks and Giles clothing, he will make a salary in his account every month, and all other companies in which he has full control of the company will not receive a salary.
The whole company is its own, asking for a fart salary and paying taxes to the U.S. government after taking the salary. Tut, he won't be so stupid!
"Andy, is the hearing really okay?" Li Wanqing asked with a worried frown.
"Don't worry, mom, no problem. Every sum of rescue funds is clear and verifiable. I won't make mistakes in this kind of things. If they want to question and mock me, I'm afraid they will be disappointed!"
"Who wants to be disappointed? Good morning... "
As soon as Andy finished his words, he heard Ivana's voice. Ivana, a plaid ol suit, played to the extreme of her body advantage. Her upper body was waist folded through a belt, which perfectly presented the curve, especially the arrogance like a giant balloon due to pregnancy. It was really amazing, and the short skirt of the same color made her look more commercial.
"Nothing..." Andy smiles and kisses Evan and Wen. He quickly and succinctly talks to Evan who sits down.
"Honey, are you sure it's ok?" Ivana frowns at Andy and confirms again.
"Don't worry, no problem."
"Well, that's good." Ivana is very trusting of her man's ability and mind. He said that there is no problem, that is, there is no problem.
Austin and Li Wanqing look at the show of love and shake their heads and laugh.
"Although Christopher Dodd's proposal for this pay restriction was controversial, it also made a lot of headlines. It not only won the favor of the president, but also the support of many people, which made a lot of impression for next year's mid-term election." Osten frowned a little and mentioned it again.
"Well?"
Andy's heart, please let's have a look at his father. He also frowns a little. He hears the music and knows the elegance. For Auston, who has entered the political circle in Washington now, the first job is to keep his job or to get re-election, which is overwhelming.
"Although every time voters claim that they want to see their elected members produce meaningful and detailed reports, what they are really interested in is the cute cat videos, celebrity gossip, music charts, reality TV shows, tabloids and ghost stories, and they are still very ignorant about the composition and operation of the government.
Dad, you need a proposal that's both controversial and appealing to the American people, and you need to shape a device from now on. "
Hearing what Andy said after frowning and pondering, Austin, Li Wanqing and Ivana are all slightly shocked. They are so straightforward to Andy, even a little politically incorrect. Although they are all true, fortunately, there is no other person in the restaurant."Who is it?" Oston asked with a frown that he was just a new political man. Although he had a family background and was supported by family forces, some things still needed his own efforts.
"Make America great again!" Andy raised his eyebrows and said quietly. Then he tore off a piece of toast, added a piece of bacon, and put it into his mouth.
"Make America great again?"
Austin, Li Wanqing and Ivana all frown at Andy.
"Yes, to be eye-catching, we need to start from what Americans care about the most. Under such a bad economic situation, what Americans care about and fear most is the work problem. According to the report I got, the number of Americans who continue to apply for unemployment relief has reached a record of 4.987 million, and New York City has suffered a lot Not only is the unemployment rate as high as 7.4 percent, but New York will lose at least 65000 financial jobs in this recession.
Dad, when you get back to Washington, immediately call your team together, take "buy American goods, use Americans" as the central idea, make a proposal, pull a group of conservative lawmakers, strive to add terms to the economic revitalization plan, and require public works to obtain revitalization funds, only use American made steel, preferentially hire "Americans" with legal status in the United States, remember It is important to point out that this American, regardless of race, is an American with legal status! "
"Us first?!" Ivana's eyes were wide, and she looked at Andy with a blank face.
"Trade protectionism!" Osten was frowning, muttering softly, looking at his son, who had never stopped talking. "This will lead to a global trade war!"
"Then fight." Andy sneers and continues to make oston silent, "only the EU, Canada, Biden and other partners who have signed reciprocal purchase or trade agreements with the U.S. government can participate in and benefit from the revitalization program of the United States. And they are also deeply stuck. Don't expect them to help America. They want to take advantage of America.
And those who do not have such agreements with the United States, such as the "BRICs" China, asan, Brazil, Russia and other countries, will not get a share and will not be affected at all. This time, the key for the United States to survive the financial crisis is to see China, and Sino us cooperation is the key to get out of the crisis! "
Seeing his father's face still dignified and hesitant, Andy continued: "Dad, don't worry, as long as you put forward this proposal, it will naturally cause outrage among major trading partners in the United States. Under the pressure of international public opinion, aoguanhai will never accept your American priority plan in an all-round way. In the end, it will only be modified after the game, but this one Whether it's successful or not, it will be the most perfect appearance in your political career in the United States and even in the world! "
Oston's eyes suddenly brightened, and his son was right. Whether the proposal can be passed or not, he is the biggest beneficiary. For those people in Washington, he has a deep understanding. Many people don't care, will not go to see the proposals that need to be voted on, or even don't know how to implement them, or how much they will cost. All they want is to keep their jobs and get re elected.
Many members of Parliament are absolutely willing to see and support this proposal of their son that seems to cause a global trade war, because it can let their voters know that they represent the interests of the American people, make their own voice and strive for their interests, which is undoubtedly the biggest investment for the mid-term election!