As predicted last week, here we go. If you are beholden to government for benefits, government will attach chains. (Not strings, chains).
We are already seeing the Obama administration moving swiftly in that direction.
- First we unleash environmental standards that further financially strain the automotive industry.
- Now we are setting executive pay to 500K.
These executives are not unlike most Americans. The more you make the more you spend.
My family has been blessed. We have worked hard and make decent money but the one thing I have learned as our income has grown is we have many, many friends that live paycheck to paycheck and it does not matter if they are making 25K a year or 250K a year.
Certainly this does not excuse the individual's obligation to personal responsibility, however, the implications of this retarded policy will most likely cause these executives to resign and seek jobs elsewhere that compensate them to meet their current financial obligations.
Of course this is a classic Socialist power play. We will see a less qualified bureaucrat or someone within the company promoted to take on the executive reins and the automakers will only continue to suffer even more.
Thus the call for more government control and oversight.
Wake up America! This is how the game is played and you are losing the most prosperous nation in the history of the world to students of Karl Marx who's ideology has been attempted and failed many times!!!
WAKE UP COMRADE WAKE UP!!
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