[SonOfDarkSkies]

Unless I am mistaken, Cavuto's point was that merely limiting the pay of TARP recipients would, in and of itself, put such firms at an economic advantage such that said cost advantage alone (not the regulation of comp at other firms) would force other NON TARP firms to reduce pay to hold costs down and stay competitive.

That's specious reasoning and just doesn't hold water.

[clintonh8r]

I think his point was that non-TARP execs would be punished because their salaries could be depressed because the market for those jobs is being influenced by government fiat. He sees this as a way of the govt depressing incomes of those who were not part of the TARP situation in the first place. It is a way for govt to decrease the compensation of high earners, those people so despised by liberals and class-envy enthusiasts. He is correct.

[Gondring]

Exactly right. Thought I said spurious, specious is an even better description.