Trust and stability are gold in a managed float economy. Even though we may not have stability on a global scale, at least there is still trust at home. Props to President Obama for setting the $500,000 salary cap for bailed out CEOs.
While it should go without saying that even a legitimate President's "ordered" $500,000 pay cap is an unenforceable intrusion into the private sector, as if that weren't enough, Obama LACKS EVEN OSTENSIBLE AUTHORITY to issue the order UNTIL HE OVERCOMES "RES IPSA LOQUITUR" BY SUPPLYING HIS LONG FORM BIRTH CERTIFICATE AND PROVING HIS ELIGIBILITY TO BE PRESIDENT UNDER ARTICLE 2 OF THE US CONSTITUTION.
Obama’s Salary Cap
Trust and stability are gold in a managed float economy. Even though we may not have stability on a global scale, at least there is still trust at home. Props to President Obama for setting the $500,000 salary cap for bailed out CEOs.
Source: LA Times – Obama’s pay cut could mean huge pay cut for top executives
Category: Commentary, Theory Tagged: Barack Obama, economy, global Comments