Sunday, November 1, 2009

C-span

I am sitting here watching C-span (don't laugh I happen to stop there), and I am watching how a congresswoman from NY is pushing in her questioning to get the pay Czar to agree that we should do things like set the way we do pay and compensations for business that are under the federal governments thumb, like those of europe. or how the government can push to get things changed in contracts even if they are legal and binding. Like pushing to have contracts regarding pay renigotiated.
This is all of what is wrong, we should have not forced the companies to deal with freddy mac and fanny mae. Because of that the banks had to make loans they normally would not have. then when they failed because of government regulation we want to say those who failed should have their pay managed. Government fails all the time yet not one congressman has lost his or her pay. Our federal government is reaching into things it never should have in the first place, they are the reason for the housing failure and the bank failures. now they think they can fix it by getting more involved. How scary is that!

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