CEO’s on Welfare Need Salary Cap
I didn’t vote for President Obama, not because of ethnicity or party affiliation, but because I didn’t believe he was the best choice for America. On the other hand, I wasn’t entirely convinced McCain was any better. In any case, he is our president, and because he is, I will pray for him and hope for his success.
The president has a huge job in front of him in cleaning up the economic mess. I’m not sure I agree with the government establishing salary caps for CEOs of private corporations, but I do think that corporations receiving welfare cannot continue business as usual.
Companies that are on the dole are no longer responsible just unto themselves, but also to the American taxpayers. I think that a cap of $500,000 is quite fair for welfare recipients. Once they pay back the bailout, then they can once again rake in lavish salaries.