Pay Caps Are Doing Some Good

The NY Times reports that Goldman Sachs and Morgan Stanley both want to return their $10 Billion BARF/TARP injections of capital. Perhaps because if they take the funds they will only be able to pay their executives $500,000 salary.

Which would come to $20 Billion that we weren't expecting to see for some time.

We could spend it to restore the $20 Billion that the Senate cut from aid to help the unemployed keep their health insurance. See here for details on that one.

You say that health insurance for the unemployed does not create jobs. Maybe not, it does prevent health care jobs from vanishing. We need to worry as much about vanishing jobs now as we are worrying about job creation.

 

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