Wednesday, February 11, 2009
Rewarding Failure
That’s what Obama is doing with his massive bailouts for failing companies, while telling them there will be NO high salaries for executives, whether or not they make billions for their companies. He has put a “cap” on executive salaries of $500,000, which will guarantee NO executives worth their salt will go to work for ANY company that has had a bailout, ever. Not so long as this stupid “cap” is on. Soon, nobody worthwhile will want a job at one of those companies, GUARANTEEING them further failure, which will no doubt cause Obama to reward their failure once again. This is how collectivism (socialism) works. It rewards failure while penalizing success. It destroys INCENTIVE while rewarding those who do nothing. Soon there will be NOBODY to pay for all the rewards for failure and the whole economy will fall. I hope I’m not alive so see it. What bothers me is that my descendants WILL be. (Just common sense)
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