The New Clarion

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The Highway to Serfdom

April 3rd, 2009 by Bill Brown · 3 Comments · Politics

I predicted last year that outrage over executive pay wouldn’t stop at the top:

Whether or not executives are worth their pay is not a social issue; making it one puts all contracts in peril.

Sure enough, within four months of that blog entry, there is a proposal in Congress to extend retroactive government control over pay to all employees of companies that accept government money and President Obama has fired General Motors’ CEO.

Further, the president has told a group of bankers that he summoned to the White House that his administration is “the only thing between you and the pitchforks.” He also rejected several attending CEOs’ desire to return the TARP money that has enabled the federal government to exercise unprecedented prerogative.

It is growing exceedingly hard to remain optimistic in these troubling times. With the amount of chaos and expansion that have taken place in his first two-and-a-half months in office, the two years until the next set of Congressional elections seems like an eternity. Luckily, we have the power of the blogosphere to spread the word about his fascist interventions—at least, for now.

3 Comments so far ↓

  • mike

    Hard to remain optimistic, you say?

    Well at least it’s harder than maintaining the dignity of understatement.

  • Bill Brown

    My optimism says that we’ll see a check on Obama’s efforts at the midterm elections, à la the Contract with America in 1994. But given the Republican response thus far, I’m leaning towards the “hell in a handbasket” hypothesis.

    Ultimately, we’re going to need a cultural change to accomplish anything. That has become more obvious with time.

  • Myrhaf

    Don’t you love it that a guy who has less business experience than a shift supervisor at McDonald’s thinks he can determine who should run a car company? And the leftists, such as Michael Moore, who have spent the last eight years calling Bush and Cheney “arrogant,” just applaud Obama’s arrogance.