So with all this outrage over the AIG bonuses the government is here to save the day. Now, led by Rep. Barney Frank, Congress is looking to pass a bill that would allow the Treasury Department to exercise control over all pay (not just executives) in companies receiving government monies. This goes beyond just the AIGs and GMs. Of course, I doubt if Planned Parenthood would be up for that. It received over $330M in federal money in 2007. It’s president had a total salary and compensation of over $900,000 in 2007. Is Rep. Frank looking at that? Does that salary qualify as “unreasonable”? I know there is outrage over federal monies paying that salary.
Did you watch it all the way through? Pretty timely given the circumstances today. How many of Obama’s appointees are based on merit? Having the government control industry is a bad thing – it derails growth and puts the already inefficient behemoth in charge of industries that need to be lighter and agile in the world market. I’ll tell you who is greedy – it’s the democrats in the government. Greedy for power and position. We’re all told to make sacrifices in these times, have you seen the government make a sacrifice yet?