Sunday, March 22, 2009

Obama Seeks Increase in Oversight of Executive Pay

From the Treason Times (that's the New York Times for those unfamiliar with the term):

The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation...The officials said that the administrations was still debating details of its plan, including how broadly it should be applied and how far it could go beyond simple reporting requirements. Depending on the outcome of the discussions, the administration could seek to put the changes into effect through regulations rather than through legislation.

This is almost as scary as the Obamanazis starting to go door-to-door to get people to pledge their loyalty to the Obamassiah.

Breaking this down...

It says all banks, firms, and other companies. I suppose that means even the ones that didn't take bailout money. Since WHEN is this acceptable and legal? What does the government care if Microsoft is paying its top execs whatever they pay them a year? It's called the private sector for a reason! Since when did the government ever do anything better than a private business or company? Oh that's right - never! 

It says details are still being debated concerning how broadly is should be applied and how far it could go. You know what this means? It could be applied to EVERY business, EVERY company. It could be applied to YOU and to ME. As soon as people start getting a set salary and know that even if they work hard, they're still going to be paid the same, they are going to work at the bare minimum required. Who wants to work hard when there's no incentive to do so?!

It says the changes could be put into effect through regulations instead of legislation.
Oh that is just wonderful. Who needs legislation?

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