National Debt Clock

Sunday, March 22, 2009

Obama to seek oversight of 'executive pay at all banks, Wall Street firms and possibly other companies'

Well, you wanted change, here you go, the the totalitarian kind. I find this kind of intervention absolutely abhorrent given that it was government meddling in the first place that got us into this mess.

We now have a government, OUR government, dictating to supposedly private sector businesses what they can and cannot pay their executives. Something that the main stream media failed to present about those AIG bonuses is that many of them were incorporated in retainer contracts. These contract bonuses (which the government allowed by the way in the first bailout bill) helps a company to retain their highest performing talent. Most of the executives that aided in this mess are long gone and these bonuses were for the people trying to stop the hemorrhaging. What a welcome message to them, courtesy of the US Government.

You just wait, right now the government's wrath is on Wall Street. What happens when they decide that the way your company is running things isn't in the "best interest" of the country. Fear-mongering...maybe, but mark this date and this week as another potential turning point.

This country is of, by, and for the people. The government works for us, not the other way around. Stand up people and say enough is enough. What makes you think that their ideas are any better than yours? These politicians are only there because they won an election, not because they are subject matter experts. Start making noise. As Samuel Adams once said:

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men."

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