"He will put the sheep on his right and the goats on his left."
Matthew 25:33

Wednesday, September 30, 2009

How far have we fallen?

This article touches on the recent activities of the US "Pay Czar".

No political decision is made without some consideration of politics. Political decisions that distribute large sums of money beg for corruption of the official(s) making the decisions.

No employee will be happy with his pay being capped, reduced or even rescinded by a federal official. This goes double if done for political reasons. Employees so limited have every reason to leave for greener pastures. A "brain drain" could be very damaging to affected firms.

Nothing good can come from this. The "pay czar" may well limit the political damage of the poorly conceived and badly supervised bailouts, but will do enormous damage to the firms getting the "aid".

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