Okay fellow capitalists…According to the AP News Wire Obama’s Wage Czar has decided that companies that took the bailout money last year who haven’t paid it back yet, must cut executive salaries by at least half and in some cases up to 90%.
The feds have their fingers in corporate pies and are starting to exercise control. I figure that should a company resist the government (at the point of a figurative gun which is the only way government can operate in business), that business will be flat out taken over by the US Government. Or worse, it will be broken up and management fired then sold off piecemeal if the assets are good enough.
Once again, this proves why business should NEVER HAVE GOTTEN INTO BED WITH THE GOVERNMENT IN THE FIRST PLACE. To the corporations and executives who now have to face this, good luck with that…you should have known better. And to anyone who last year said that people like me were exaggerating about the outcome of government interference in business needs to read up on what’s going on in Corporate America, it is being dismantled wholesale by this administration. Washington is full of looters.
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