Posted on 10/21/2009 12:50:00 PM PDT by Boiling Pots
“Prove all things; hold fast that which is good.
Abstain from all appearance of evil.”
I Thess. 5:21, 22
Obongo is evil.
No understanding of the meaning of conservatism topped off with class envy.
Show me the authority for that in the Constitution.
The authority for Congress to regulate pay is listed right next to the authority for Congress to give taxpayer money to private companies whose poor business decisions led them to financial ruin.
The banks decided to open Pandora's Box when they requested to be on welfare. They knew a bunch of socialists who would do this were coming in, but they insisted on going on welfare anyway. They have no one to blame but themselves for this situation.
And since Congress is now going to regulate pay at all companies, I have nothing but feelings of contempt for these welfare queens. They should have learned a thing or two from Japanese CEOs when they screw up.
Can we get the Pay Czar to control he wages of O’s sycophant friends in Hollyweird?
Rush is making this point right now. I’m glad to be in his camp.
“What wages?”
I’m sure it’s not that case that every “welfare queen” who lived off government largess never went back to work at some point. Especially the ones who got kicked off the dole. We didn’t punish them for ripping us off by taking their money away once they started earning again. We merely took away their welfare. That’s the solution.
Executives may or may not have rightfully earned their current salaries. Whatever that means. We can’t tell what was and was not earned on the free market, at this point. An argument could be made that so long as TARP money has not been paid back, the companies are in a hole. And until they dig themselves up, they don’t have a right to keep anything.
Except the state of the company doesn’t necessarily extend to the performance of any particular executive. Not logically nor economically. One can say that the government isn’t your usual investor, and that it can exert whatever control it wants, through the mystical power of the royal coin. Which is bad, but a sound argument, I guess. So long as you bear in mind that said decisions will almost certainly be arbitrary.
Talk all you want about how they would have been sunk without bailout money, and therefore have no grounds to complain. Be happy to be alive, and ask for nothing more. But to me, apart from any concerns for the Constitutionality of the government’s actions, there is the question of why. Why limit executive pay? Because said pay is uncalled for? Do we really know that? Because they don’t deserve it? Again, do we really know that? Because they need to be punished? The last one sounds closest to the truth. It is revenge. Damn the consequences! Damn whether it’s going to backfire.
“Anyone who gets money for nothing from the government is a welfare queen, be it a bum on the street or an executive at a failed bank or car company taken over by the government.”
Fine, they’re welfare queens. Does that give the government the power to do with them what they will? The de facto power, perhaps. Do we have to give it our moral sanction? Heck no. For however much we hate “welfare queens,” the best way to punish them, as I’ve said, is to take away their welfare. Doing more has consequences for the rest of us. First they came for the AIG executives, as the saying goes. Certain Congressmen already want to limit pay for the entire financial, and who knows what other industries.
The notion that government power follows money, unchecked, is fatal. It could conceivably touch every single human action, let alone every economic interaction. Look what happened with interstate commerce.
GE was not on the list to slash pay.
I guess Jeffrey Immelt of GE didn’t make the pay cut list either. It pays to be friends with the big 0.
GE was not on the list to slash pay.
I guess Jeffrey Immelt of GE didn’t make the pay cut list either. It pays to be friends with the big 0.
GE was not on the list to slash pay.
I guess Jeffrey Immelt of GE didn’t make the pay cut list either. It pays to be friends with the big 0.
GE was not on the list to slash pay.
I guess Jeffrey Immelt of GE didn’t make the pay cut list either. It pays to be friends with the big 0.
“If the government has no right to do so, it will not happen...
You really believe that? You’re delusional if that is the case”
This is a constitutional government, not a monarchy, and the courts will still stand up to the President and tell him when he gets out of line. SCOTUS made Nixon turn over his tapes, made Clinton provide discovery in the Paula Jones civil suit against him, and forced Bush’s government to provide habeas corpus hearings to US citizens.
I refer you to my previous statement.
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