Here's yet another example of how leftists view business. Obama intends to cut executive compensation 90 percent in companies that got stimulus money.
For one thing, I can't believe the people of this nation are allowing a presidential administration to again reach down into private business to decide salaries. Where does it say that in the Constitution?
And then there's the arrogance factor -- do they think they can do this and still have those executives stick around? What are they going to do -- pass a law preventing them from quitting? That's straight out of Atlas Shrugged.
Here's a theory -- maybe they're doing this to try to get those "greedy" executives to quit. If that's the case, do they honestly believe they're going to be able to hire talented people to replace them? If you were a talented executive, why would you go to work for a company that pays 90 percent less for similar work and requires you to work with the Sword of Damocles hanging over your head?
This kind of anti-business garbage is what has destroyed socialist/marxist/communist economies around the globe.