Part of my training in school involves a specialized program called Center for Broadcast Excellence. Every other Wednesday I help produce a 30 minute radio news show for our campus station WHOV 88.1 (If you’re in the Hampton Roads area check us out.)
One of the stories that I wrote for yesterday’s show dealt with President Obama’s plan to put a cap on the amount of compensation that executives can get while their companies are receiving governmental assistance. The cap would be set at $500,000.
I look at this issue in two ways. I can see where the conservatives might stand and say that this is the type of “BIG GOVERNMENT” that everyone was afraid of. It’s somewhat unfair. No one wants anyone telling them how much money they can make. Deregulation right?
HOWEVER…
In principle, I think the idea is smart! If your company is struggling, you should not be taking trips to the South of France! You should not be flying private jets to Washington to ask for a bail out! To me that’s like a mom on welfare using her government check to buy a Gucci bag. It’s utterly ridiculous. In my opinion, it is completely unethical for big company bosses to flaunt their riches while their company is in peril. Where are your morals? Take a pay cut and get your company out of the gutter before there is no company to get out of the gutter!
We’re all struggling out here. My school went 24hrs without heat and hot water about a week ago! At this point, I think we all need to do our part to get this country back on track. It’s the American way.
“And so, my fellow Americans: ask not what your country can do for you – ask what you can do for your country.”
- President John F. Kennedy, January 1961
2 Comments
While it should go without saying that even a legitimate President’s “ordered” $500,000 pay cap is an unenforceable intrusion into the private sector, as if that weren’t enough, Obama LACKS EVEN OSTENSIBLE AUTHORITY to issue the order UNTIL HE OVERCOMES “RES IPSA LOQUITUR” BY SUPPLYING HIS LONG FORM BIRTH CERTIFICATE AND PROVING HIS ELIGIBILITY TO BE PRESIDENT UNDER ARTICLE 2 OF THE US CONSTITUTION.
[...] Read the original post: Should President Obama Cap the Big Execs? [...]