President Barack Obama is now proposing that shareholders should be allowed to vote to limit executive pay. After all they own the company, right? If that is such a good idea shouldn’t all of us vote on the pay of President Obama, Nancy Pelosi, Barney Frank, Christopher Dodd, Charlie Rangle? And I don’t just mean within their districts, the whole country should vote on each of their salaries. After all they work for us, no? It would be interesting to see how much the American people would cut their $175,000 salaries since their approval ratings are abysmal.
If we did this, then many of these incompetent bloodsuckers would leave Congress and do something else. Then maybe we could replace them with real talent, who would be well paid because they do a good job: close the budget gap, shrink the size of government, cut taxes and let the economy grow.
I think Nancy Pelosi should work for $1 per year and see how fair that is. What do you think?
