Closing Arguments: Capping Executive Pay

Hi, it should never be the government's place to tell any company how much to pay their employees. The government should not be using our tax money to bail out these companies, either they succeed and grow or fail and change or die. Government sticking their finger in the pot causes more problems than it fixes.

This is another example of the government making a power grab. Most businesses had nothing to do with this collapse. Punishing businesses and taking away incentives to work hard will only result in less jobs for the average working American. This is a form of tyranny and Uncle Sam is the tyrant.

I don't have a problem with it. In fact, I think it would be a great idea for Obama to go ahead and use the constitution for toliet paper also.

Is there no limit to what Obama wants to control? Maybe companies that received Tarp money but beyond that no. Executives of those companies will leave and go to other companies that didn't receive the money. Those companies will be less competitive as no one will want to work for them. Of course he wants to control all companies as he knows the government run companies won't succeed. Has he ever heard of free enterprise and capitalism. If he doesn't like how things are handled in the USA why doesn't he move to Europe and live under government control and taxation there? He is so much worse than I ever imagined and will bring this country to bottom.

No. the government has too much control and we are going to be like Russia if it continues. We had better stop Socialism now!!!

No! The government has no place in the private sector. If it does, it would basically squash the ambition of future workers and students. Let's face it, we are a money driven society, so if we have government controlling salaries, no one will try hard because there is no reward.

Who is next????? Your boss, you? When are Citizens & the Media going to wake up??????

Absolutely NOT. The government should not have a say in private company salaries. The federal government is too powerful as it is.

The government should not dictate salaries of companies. And they should not have given irresponsible companies bail-out money. And the government should not have made 'mandates' for companies to give loans to unqualified (high-risk) people.

We need the government to get their hands out of more things. (Like health care, insurance [FDIC], and make it more private and less regulated).

With Bush/Congress and Obama/Congress bailing out everyone.. Inflation is coming..

If I want to pay my CEO millions of dollars I should be able to in a free county. However, that doesn't said CEO should commit fraud or break the law in order to make more money. The government is overstepping its authority. Government power flows from the people up, not the other way around. It would seem that our government is purely capitalizing (lol) on the opportunity to push a socialist agenda creating centralized power which not how our government was setup to be. This process has been happening 90 years or so ever since we adopted a centralized banking system in the 1920's. So I guess to answer the question more directly....no government has no business setting caps on executive salary, it will break the spirit of the American dream. Shame on them.

What a ridiculous notion! Our federal government needs to stay out of the business of private companies. We should all quiver in fear at the very thought!

No, no and no. The government nor anyone but the owner or the executives/managers should set the salaries or other policies and procedures for a private or public company.

Our federal government should execute their newly found dictatorial power to stop their leader, our great president ,from smoking before they delve into the ordinary citizen's private life. Compensation in a public or private company is the pervue of that company. Federal governence of companies can continue to regulate those companies out of existence.

The government has no business telling anyone how much they can make. Perhaps the voters should decide how much our elected officials should make. Government has no business in the private sector. That includes Banks, the auto industry, mass transit, or health care. In america you can start with nothing, work hard and become rich. With government attempting to limit the possibilities, it seems more like a socialist country.

This socialist president and his cabinet have no business whatsoever sticking their nose in private companies. They can't even keep track of their so called stimulus money and have done nothing so far but destroy the economy. Stay out of the private sector and clean up your won incompetent internal mess.

Although compensation for top executives is often outradious, it is not in the best interest of free enterpise to have the government stick their noses in and try to regulate their salaries. Really with all these projects they keep taking on.....will any of them produce the desired results?

Last I checked the US Constitution, that's not a power delegated to the federal government. When will the majority of our citizens remember that the government still derives its power from the consent of the government? If we don't DEMAND our elected officials do the right thing and stay within the boundaries established by our founding documents, it will run all "willy-nilly" over our rights.

No, no and no. The government nor anyone but the owner or the executives/managers should set the salaries or other policies and procedures for a private or public company.

Why don't we just turn the country over to the Chinese now and get it over with? If the government is going to come right out and kill individual initiative by telling us how much money we are allowed to make, we might aas well stop pretending this is still America.

Wow. First the government starts buying out the automobile industry and pushing a 4 billion dollar monopoly gamble to acquire used vehicles and therefore control a large percentage of that market. Now we can look forward this bill being shoved down our throats through the senate. So after they start telling us, the public, how much we should make, when do we start forming lines for toilet paper and other necessities? Does anyone remember 'Atlas Shrugged' or 'The Fountainhead'? Quick, before they close it down Google 'Ayn Rand'. Pick three works at random and tell me this isn't predicted already.