Saturday, March 21, 2009

Government control of salaries

According to The New York Times:

The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.

If the government gets away with controlling banks, Wall Street firms and businesses, do you think for a moment they will stop at that? Next will be all heath care institutions. But why stop there? Why not control colleges and universities, public schools as well?

You could say that the government already regulates all these things so what's the difference? I guess you might say that the frogs have been slowly boiling for quite some time but President Obama and the Democrats in Congress want to greatly increase the heat!

We can only hope that the frogs (Americans) have enough sense to react and say enough is enough! If not, we are witnessing the beginning of the end of the America we grew up in.

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