Now That's Pay Comparability

Here's John McCain in remarks yesterday at a campaign event in Scranton, Pa., on the proposed federal bailout of the financial services industry:

We cannot have taxpayers footing the bill for bloated golden parachutes like we see in the Lehman Brothers bankruptcy, where the top executives are asking for $2.5 billion in bonuses after they ran the company into the ground. The senior executives of any firm that is bailed out by Treasury should not be making more than the highest paid government official.

That would be $400,000, by the way. That's what the president makes these days.