Obama Says McCain All Talk on CEO Pay

He also calls for overhaul of public financing system for campaigns
By Jonas Oransky,  Newser Staff
Posted Apr 11, 2008 4:28 PM CDT
Democratic presidential hopeful Sen. Barack Obama D-Ill., speaks at a town hall meeting at Jefferson High School in Lafayette, Ind., Thursday, April 10, 2008.    (AP Photo/Alex Brandon)
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(Newser) – Barack Obama grilled John McCain on CEO compensation today and continued laying into the public financing system for campaigns. He railed against execs who “make more in one day than their workers make in one year” and called for legislation requiring corporations to let shareholders set pay. He said McCain has “opted for continuing the do-nothing approach of the Bush years” on the issue, reports Talking Points Memo.

Obama called the public financing system "creaky" and ill-prepared to serve campaigns in the age of the Internet, the New York Times notes. He insisted that he was not telegraphing an opt-out of the pledge he made last year, but that he’d found a way to raise money privately “without being dependent on big-moneyed interests.” He said he’d make a decision after the primary battles ended.