Liberty Reborn

I know, not a big surprise for a Marxist to make such a proposal right?

INDIANAPOLIS (Reuters) - Democratic presidential candidate Barack Obama will push on Friday for passage of a bill to put the huge pay packages of some U.S. corporate executives under greater scrutiny.

The Illinois senator has introduced “say-on-pay” legislation that would give investors more of a voice in setting executive compensation packages.

“We’ve seen what happens when CEOs are paid for doing a job no matter how bad a job they’re doing. We can’t afford to postpone reform any longer,” Obama said in prepared remarks for delivery later on Friday.

“That’s why Washington needs to act immediately to pass this legislation.”

Now, anyone that actually has ever read the Constitution knows that no where in it is the authority for Congress to meddle with the way businesses conduct their business and how much they pay their employees. But your average liberal, including Barack Obama, has never apparently read that documents. And if he has either he failed to understand it or has just decided to ignore it like a good little authoritarian.

Companies set up their bylaws and procedures as they see fit. If they issue stock to the public in order to raise money no one forces people to buy those stocks or keep them if they don’t like the way the company operates. If a shareholder does not like the amount of money a company pays its executives or thinks they are doing a bad job, then they can sell their stock to someone who is interested.

My God! Did I just promote individual liberty and responsibility? You bet I did! The problem for Barack Obama is that those two ideas are so alien to him that he cringes at horror when they are even mentioned.

You don’t need a law. If someone is too stubborn to sell their stock because they don’t like the way the companies they are invested in operate that is their problem. It is not the problem of the federal government.

But, like I’ve been saying for years, there are enough ignorant voters out there who think that actions like those proposed by Obama are actually Constitutional and correct that he will get votes for proposing it.

This entry was posted on Monday, April 14th, 2008 at 7:45 am and is filed under J.J. Jackson's Daily Opinion. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.