Sunday, March 22, 2009

Executive Pay Part of Plan

For the most part I am pleased about what I am reading in The New York Times. I do however, wonder if the president is has the constitutional authority to regulate the pay of corporations that do not receive financing from the government. It's one thing to impose pay limitations on companies that need the taxpayer funding to survive (and I am all for this); quite another to impose such pay limitations on companies that are thriving in an environment free of governmental aid.

Those who support across-the-board pay limits should ask themselves if they are establishing a precedent that a future Republican administration would use to impose limitations on union wages.

Don't think it won't happen. Remember the outcry from Republican senators coming from non-union auto worker states.

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