Once again, I wake up thinking I’m living in a nightmare… And I am! America’s mistake is pushing his Socialist agenda down our throats at breakneck speed. He came down from the mountain and proclaimed that we MUST have universal health care by September. He has successfully commandeered GM and is now mandating what cars to build as well as actively engaged in the hiring / firing of executives. And now he has unleashed his plan to control what private companies can pay their employees. Keep in mind, these ideas are coming from people that have never started a business, never ran a business, and never met a payroll.
From AP: Democrats and administration officials agreed that companies across the private sector need to adjust compensation practices to avoid damaging the economy.
Gene Sperling, a counselor to Treasury Secretary Timothy Geithner, said administration guidelines call on all publicly held companies to link compensation to long-term performance, not short-term gains.
"We believe that compensation practices must be better aligned with long-term value and prudent risk management at all firms, and not just for the financial services industry," Sperling said.
Did you read that last part? They believe compensation should be tied to long term instead of short term? Excuse my French, but who the hell are they to determine that? What do these people know about running anything?
I also like the first line about how they think businesses need to adjust compensation practices to avoid damaging the economy, yet they have no concern over how much irreparable damage America’s mistake is doing to the economy! I can tell you right now that General Motors will end up being as well run and profitable as the other government run transportation business, AMTRAK.
I wonder if NObama will have the stones to tell union bosses how much they can make? ROTFLOL