Learning the Free Market Lessons about Bailouts
Obama Imposes Pay Cap on Executives
By Tom Deweese —— Bio and Archives--February 19, 2009
American Politics, News | Comments | Back To Full Article
My first reaction, when I saw the article, was of utter horror. It was entitled, “Obama Imposes Pay Cap on Executives.” Obama intends to dictate salary caps to American executives of private companies. We should all be very frightened of a government that seeks such power. It’s pure communism. The only result of such a situation can be that corporate executives and CEOs become mere employees with no incentives to build the business and increase profits. When that happens, there is no business.
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