Obama to Cap Salaries of Executives in All United State Companies

  Today President Obama said that he will cap the salaries of the executives who are running companies that receive federal bailout money. That is fine with me, if they are going to steal my money and give it to companies that they should just let fail than the least that Obama can do is limit how much the CEOs of these failed companies can earn. I actually agree with dear leader on this issue.

 But there are rumblings out there that the Obama administration is looking to extend this salary cap into all American businesses. Now I have a problem. Now I have a major problem.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.

 That statement was written about Barney Frank. Yes, the same Barney Frank whose policies got us into the mortgage crisis which led to the current recession. It also appears that the tax cheat Timothy Geithner who is now the Treasury Secretary also agrees with this communistic idea:

Mr. Geithner said he would consider “extending at least some of the TARP provisions and features of the $500,000 cap to U.S. companies generally.”

 So why am I about to defend executives who make over $500,ooo a year, because this is still America and people are entitled to work hard and earn as much money as they can. Do I think that many of these executives are over payed? Yes.

 But here is the deal, with the exception of the companies who are now accepting the TARP funds, these executives make their companies millions and millions of dollars. This entitles them to earn a substantial amount of money. The more money that a person makes for his company, the more the person should make. I believe that a person is worth whatever a company is willing to pay him/her. Again, this line of thinking is discarded once a company accepts federal bailout money.

 The government has no business interfering in a private business and dictating what that business can and can’t pay their employees. This is government intrusion of the worst kind. This is socialism.

 Why should it or will it stop there?

 Oprah Winfrey makes her television station millions of dollars, she is entitled to whatever the station feels she is worth. Rush Limbaugh, dittos. ARod, Derek Jeter, Peyton Manning, Tom Brady, Kobe, LeBron, and all of the Hollywood actors/actresses, these people are all entitled to whatever they can make. As a matter of fact these people make much more than any executive of any company yet they are not under the same scrutiny as these CEOs, at least not yet. These people are not as important as the executives of big companies, yet the government isn’t going after them.

 My point is that any person is worth whatever any company is willing to pay them, it is not up to the government to decide how much any person should make. Are people overpaid in this country? Of course they are, but that doesn’t mean the government should step in and tell a company how much they can pay a person. A person’s salary should be between that person and the company.

 When we were critical of Barack Obama and his “spreading the wealth around” comment this is what we were talking about. The acceptance by the American people of Barack Obama socialistic views.