Obama signed an executive order in early February, making much of how it would cut down “the obscene amount executives in private business make.” New regulations put in place will supposedly limit executive compensation to $500,000 per year. But when a journalist investigates, it turns out that, like much else in Washington, nothing much really got changed.
On February 12, Obama’s second choice for Secretary of Commerce, Republican Senator Judd Gregg, withdrew his name from consideration citing an unwillingness to participate in the so-called Stimulus Plan.
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