America, the greatest engine for wealth creation that the world has ever seen... is about to be stripped bare like a car left overnight in a bad neighborhood.
“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, government officials said.”
Read the whole sad story here.
2 comments:
The Employee Free Choice Act should be called "The Employee Right For Intimidation" act!
http://tinyurl.com/ddjzcr
mB
The "Employee Free Choice Act"... will be just like the soon to be enacted "Fair and Adequate Earnings Act" (aka the maximum wage act) which will cap earnings at some government-determined dollar amount. Anything you earn above that amount will belong to the "taxpayers of America"... not the taxpayers who PAY the taxes... but "The people"... (in other words, the government) just like the AIG bonuses actually belong to "The taxpayers."
I find it really alarming how all of a sudden Congress is so concerned about the "taxpayers'" money! That's a first.
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