Tuesday, March 31, 2009

How Do You Like Them Now?

They stoked the fires of public outrage on retention bonuses of AIG executives. When the facts were revealed, the House had already reacted. Then the Messiah thought better of it and the Senate had an epiphany. It died.

But don't let that deter ol' Barney, "Liver Lips" Frank from seeking autocratic control over more people. If the Feds gave any business a buck in these all-encompassing bailouts, Barney wants to let Tim, "Turbo-Tax" Geithner make bureaucratic judgments about how much every single employee in the company gets paid.

Read it and continue to weep:

From Each According to His Ability

As always, the government solution is to cancel mail and movies until morale improves.

If any of those pandering pederasts had ever run a business enterprise of any kind they would easily figure out that if you want a business to succeed you must offer competitive compensation to hire and retain the best staff. Capping potential might make Barney and friends feel omnipotent, but it isn't good business practice. It is just the opposite.

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