The Asian Conservative

Yesterday President Obama announced a plan to impose a $500,000 maximum salary cap for executives or CEOs of companies taking US bailout money.

Many people, especially those on Wall Street cried foul because it reeks of socialism, or at least non-capitalistic behavior.

Of course on the other hand, the Government wouldn’t have had to do this if the idiots hadn’t given themselves multi-million dollar bonuses despite posting multi-billion dollar losses (or going bankrupt or otherwise). These overpaid executives unfortunately are the face of current modern politicians: mega-wealthy predominantly white males that get away with everything.

The folly of these executives is a clear case why the GOP should “re-brand” itself.

jeff Economics, Events, Policy bailout