Obama Declares US Wage Controls

amazing how the ET free market ron paul crowd decides to ignore their own principles and come out in support of this type of thing
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_oICTP_wBUc&refer=home

 

This is only smoke and mirrors to satisfy the population.
There is no meat in this sandwich.

regards
f9

 

Do you have SHIT FOR BRAINS? Nowhere does your link mention "Ron Paul" nor "supporters of Ron Paul".

First of all, the STUPID-ASS BANKS should be allowed to go bankrupt. Second, if they are going to take public money to secure their job and their salary, there SHOULD be strings attached!

What the Hell is wrong with you?????

 

Agree fearless9, its sorta like the "no lobbyist in jobs for this administration" proclamation....

 

Dude, you have no clue what the free market is . Subsidized banks and financial institutions are not a free market co's anymore.

 

Not to mention the fact they are RIPPING OFF ALL OF US, OUR KIDS AND GRANDKIDS, TOO!

 

I don't support it. Although I feel there are officers in failing companies that are grossly over paid I don't think the federal government should be dictating the limits.


-"An honest man can feel no pleasure in the exercise of power over his fellow citizens."-

-"Agriculture, manufacturers, commerce, and navigation, the four pillars of our prosperity, are then most thriving when left most free to individual enterprise."-

-"Experience hath shewn, that even under the best forms [of government] those entrusted with power have, in time, and by slow operations, perverted it into tyranny."-

-"Government can do something for the people only in proportion as it can do something to the people."-

-"That government is best which governs the least, because its people discipline themselves."-

Thomas Jefferson

 

all these bankers are going to go work for their own offshore bank subsiduary - they'll get their bonuses that way.

 

Bush was much more organized and professional. Obama is showing himself to be totally inept.

 

Unless I read the statement incorrectly these limits only apply to the firms that have not yet taken TARP funds, in which case it has no teeth at all.

As far as free market types and libertarians, it is entirely consistent for us to support these wage controls as these are now governement entities given that they would have failed without tax payer funds. Obama should have said that if $400K is good enough for the CEO of the USA it is good enough for the CEO of BAC, and C etc. Now anyone who isn't leaching off the tax payers tit can set whatever compensation they want.