$500,000 Cap on Executive Pay in Bailouts

The American president Obama's administration has propsed at $500,000 annual cap on executive compensation for people working at companies which are receiving government bailout money.
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It is clear that the people affected, the Republican political party, and much of the media will have a fit over this. I can hear it now, "How can these people be expected to pay their bills on only $500,000 per year?"
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And in the next sentence these right wing Republicans will almost violently oppose providing free health care to people making less than $10,000 per year.
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These sick bastards. They should lose the right to call themselves Americans.
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LINK: http://www.nytimes.com/2009/02/04/business/04pay.html?_r=1&em
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