This weekend the Obama Administration announced it will press for government oversight by the Federal Reserve concerning executive pay at banks, companies, and Wall Street firms even those that don't take taxpayer money. Now, the arguement can be made that bonuses and contracts should be null and void when a company accepts taxpayer dollars. Other than that, back off..
If this isn't one more step toward socialism, then I don't know what is. If the Obama Administration wants to regulate executive pay, let's start with the "firm" at the other end of Pennsylvania Avenue called Congress.
This week reminded us that the government has NO business and should NOT be involved in the private sector. This whole act Congress and the president put on saying they were "stunned" by the AIG bonuses is ridiculous. If Congress had just read the darn bill, they would have known about the bonuses.
Perhaps our tax evading Treasury Secretary shouldn't sell his home in New York just yet, he may be leaving on a jet plane soon.
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