The effrontery is utterly astonishing. Government, it now appears to be clear, is moving to take command of as many aspects of the economy as possible–all without any track record whatsoever that would give one confidence that government can, indeed, command the economy to anything resembling prosperity. In what parallel universe is it Congress’s business concerning what any company–let alone those that do not take federal bailout money–pay their executives?
I hope that this is a joke. If it is not, a comedy of errors–absent the comedy–will ensue quite soon. This entire enterprise is as insane as is asking a shoe cobbler to perform a quadruple bypass. The federal government is moving to meddle with things it does not understand.
Neil Stevens
Moe Lane
Steve Maley
Daniel Horowitz
Jake Walker
Well, then I draw the conclusion
Justin_Case (Diary) Saturday, February 7th at 6:46AM EST (link)that, if the government continues to insert itself into free enterprise, the whole system ultimately will come crashing down. It is only a matter of time. I have accepted that eventuality and am making my own plans.
I compare the government dictating the (bailout receiving) executive salaries to what happens when one borrows money from his mother-in-law: get ready to receive all kinds of unwelcome advise.
As for the government being able to inject itself into businesses that do not receive handouts, I believe that will be harder for them to achieve-especially now that the socialist cat is out of the bag.
However, I do see the potential for a huge consumer black market when/if it becomes obvious that this cumbersome, centralized government begins devouring independent businesses.
Even Putin advises against it
6eorge Jetson (Diary) Saturday, February 7th at 10:08AM EST (link)While both the Democrats and Putin crave the power, at least Putin acknowledges the trade-off between centralized control power grabs and economic outcomes.
The camel's head is well and truly under the tent.
itrytobenice (Diary) Saturday, February 7th at 11:00AM EST (link)Next treat: steaming piles of crap everywhere.
And I love the NRO headline: Anger Management. Something we’ll all be looking for soon.
Proper grammar saves lives.
Let’s eat Grandma.
Let’s eat, Grandma.
Not understanding
DerKrieger (Diary) Saturday, February 7th at 12:20PM EST (link)is how we got in this mess in the first place. A bunch of lawyers trying to play economists and businessmen. These idiots need to be removed from office. Forcibly if needed before they cripple this nation for decades.
Obama is weak and I see a serious international conflict in our near future.
“In questions of power, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution.” – Thomas Jefferson
“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” – James Madison
Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” — John Locke, 1690