Obama: Puttin'a a cap in their checks

Earlier this year, President Barack Obama said he was capping executive pay at financial institutions receiving government assistance (aka TARP/bailout money). He set the cap at $500,000, which he said was a fraction of what executive pay was.

I find this odd coming from a man who received $745 million in handouts in his run for president. Check out the graph from OpenSecrets.org showing how much he raised compared to the other presidential candidates, including Sen. John McCain (R-Ariz.).

Initially, Obama said he would accept public funding, and McCain agreed. Only McCain remained true to his word. As a result, McCain received far fewer handouts than Obama ($368 million).

So, Obama did not want to put a cap on what he could raise from the American taxpayers when he ran for office, but now he wants a cap on executive pay. Seems just a little hypocritical, doesn't it?