Oh you silly little liberals, how's that change workin for ya now. Now they are gonna lower Min wage in the sudden realization that it means businesses can hire fewer employees, oh and fire people cause they have the 'better' insurance deal.
You liberal bastards, these are YOUR creatures. I blame you. Ugh I am so pissed off.
bump
Oh, just let Hollywood and professional athletes have this tossed at them and see what happens.
If only it were that easy. John McCain has been for his own version of government-mandated pay caps since last year.
"The senior executives of any firm that is bailed out by Treasury should not be making more than the highest paid government official,'' McCain said at a campaign event in Scranton, Pennsylvania. The president is the highest paid federal official, with a salary of $400,000 a year."John McCain on the campaign trail last year
Frank, McCain Say Executive Pay Limits Must Be in Rescue Plan(^), Bloomberg, September 23rd, 2008
We really need to stop trying to out-liberal the liberals. We can't do it, and the effort only serves to allow liberals to claim that we support their ideas.
"The war has become a war of exhaustion. One hears a great deal of the idea that "financial collapse" may bring it to an end. A number of people seem to be convinced that a war cannot be waged without money, that soldiers must be paid, munitions must be bought; that for this money is necessary and the consent of bank depositors; so that if all the wealth of the world were nominally possessed by some one man in a little office he could stop the war by saying simply, "I will lend you no more money."
Now, as a matter of fact, money is a power only in so far as people believe in it and Governments sustain it. If a State is sufficiently strong and well organised, its control over the money power is unlimited. If it can rule its people, and if it has the necessary resources of men and material within its borders, it can go on in a state of war so long as these things last, with almost any flimsy sort of substitute for money that it chooses to print. It can enrol and use the men, and seize and work the material. It can take over the land and cultivate it and distribute its products. The little man in the office is only a power because the State chooses to recognise his claim. So long as he is convenient he seems to be a power. So soon as the State is intelligent enough and strong enough it can do without him. It can take what it wants, and tell him to go and hang himself. That is the melancholy ultimate of the usurer. That is the quintessence of "finance." All credit is State-made, and what the State has made the State can alter or destroy.
HG woulda been a great blogger!
Wonder if this is going to trickle down to academic institutions that receive NIH grants, companies that work govt contracts, anything that involves interstate commerce, for that matter.
This is a must see video between Cavuto and Grayson regarding the “Government determining salary”.
http://www.foxbusiness.com/video/index.html
Once at the site, hit the video tab and look for the video entitled:
Rep. Alan Grayson (D-Fla) on the bill before Congress that would cap excessive pay.
It was on today 3/31/2009
FYI: it is under latest video.
I wonder if they’ll ever go after the entertainment business...maybe we can again see a movie for $2.00 or a concert for $5.00. (Somehow, I doubt Hollyweird would ever let that happen.)
I wonder if this bill could be interpreted to include companies and industries that are regulated by the Fed, such as airlines and railroads.