Today, Barack Obama decided to put a $500,000 cap on executive pay for financial institutions receiving bailout aid from the government. Before I continue, here's a link to an article about it.
Hold on to your wallets, kids. Now the federal government is dictating how much we can make. I ask you, what's next? I understand that people are concerned with the market and potential for greed and failure, but let's get one thing straight here: it is not the federal government's place to tell anyone in the private sector how much they are allowed to make. Doing so is a complete slap in the face to capitalism and a free market.
I know what some of you are thinking, that maybe the free market isn't working that well currently, so something needs to be done. Here's where you are sadly mistaken. The market will correct itself. There are ups and there are downs, but government bailouts, salary caps, and more wastes of taxpayer money will only prolong the problem.
I am surprised more people aren't upset at this. What's next? How many more jobs is the federal government under the "leadership" of Barry Obama, Nancy Pelosi, and the rest of this idiot congress going to screw over?
You democrats want to make it fair? You want to "level the playing field?" Fine. Let's play by your rules. Let's level it out. Here's an idea: what if we took the same limits to Hollywood? Do you think the mouths of P. Diddy, Matt Damon, Kanye West, Susan Sarandon and others would be so big if there was a cap on their salaries? Or what about that jerk Tom Brokaw, with his heinous comments on Inauguration Day in relation to George Bush and Dick Cheney? I'll tell you right now, if I could go a day without having to listen to this media and Hollywood suckfest over this man, I would be a happy camper. While we're at it, let's lower the salaries of these leftists in Congress. Let's not allow these idiots to use their private jets or have their gourmet meals on taxpayer money. Let's say that Al Gore can only make $50,000 a year off his alarmist Global Warming propaganda that he pitches to the world.
Suddenly, it doesn't sound like a good idea to everyone involved screaming at "the man," now does it?
Again, it is not the federal government's job to dictate how much money anyone in this country makes. I've said it before, and I'll say it again - bigger government equals smaller liberties and freedom.
There is much more to say on this subject, but I am on my way out the door and am trying to post on a more consistent basis. I'm out for now.
-The Rocker-
The Rocker and The Banker's Updates
Wednesday, February 4, 2009
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