Todays news says "O" has capped CEO salaries. Yes for all of you who have class envy that is a good thing. Yes he has done it only to those businesses who have accepted the "bailout." I agree if you cannot pay your employees, maybe you should take a pay cut. But let us look a little deeper. We are marching down the road to Socialism. Pure and simple.
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
If government would excuse themselves from the private sector, it would adjust itself. If a few businesses went belly up, others would step in and fill the void. The ones who prevail will be the ones who of their own accord tighten their belts and make concessions for the good of their company. It is called Capitalism.
\ˈka-pə-tə-ˌliz-əm, ˈkap-tə-, British also kə-ˈpi-tə-\
noun: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
For everyone who wants to give him a chance. I can only say, Germany gave Hitler a chance also. How far do you want to go?