Yea? So? They don't get carte blanche to spend taxpayer money however the f*ck they feel like, then come back and ask for more. If you are sh*tty enough at your job that you put your multi-billion dollar company in the hands of the feds then no, I don't think you should get your pizza party this year. Sorry, tough sh*t. You behave like children, you get treated like children.
I suggest you think about the situation logically instead of emotionally. If you're against the bailout that's fine, I'm not too happy about it either. But if it's going to be done then do it, and don't put a stupid provision that limits their ability to rebound.
This isn't about vacations and parties, it's about paying someone a proper salary for the job they do. You hire people based on their talent, you give them a salary based on that talent - it's as simple as that.
If my tax dollars are going to go to a company then I want that company to succeed so they can repay. I want that company to get the best people they can, at a salary they deserve.
No matter what, tax money is going to pay for new diamond earrings for some trophy wife, trying to limit pay to executives doesn't change that.