Friday, January 30, 2009

Obama and Biden - Sticking Their Noses Into Private Business Affairs?

Thursday President Obama was quoted as saying "It is shameful". What was shameful? He was referring to $18 Billion in bonuses paid to Wall Street executives. He also said "And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility." Vice President Biden said "I'd like to throw these guys in the brig." Huh? Why? They're in private business and their only responsibility when it comes to pay and bonuses is to make the owners of their company (stock holders) and the members of the board believe they earned what they got. That's it.

The only reason the government should have anything to say about the issue is if taxpayer money is used for the bonuses. And, the only way that could happen is if the Socialists in Washington, D.C. give money to "bailout" a private company AND don't place restrictions on how the money is used. If they're that stupid, and they are, then they have no right to bitch and moan when execs get board approval for a bonus. If taxpayer money isn't used then it's none of the federal government's damned business but as usual Democrats are engaging in class warfare to distract the public.

Just remember, if the government can tell Wall Street execs how much money they can make or how much their bonus can be...they can tell you too.

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