What? The Government Has It Right This Time?

The latest controversy surrounding executive pay has the government taking charge of what has become theirs. By injecting cash directly into many banks and buying up assets of others, the government has basically taken a firm hold over these companies. They now own most and will be receiving payments from these companies for years to come. Whose to say they can't restrict executive pay?

The government has made a right choice but restricting pay and bonuses for companies that have taken part in the bailout. Sure bonuses are nice when you have helped your company to higher net income and earnings growth. But with so many companies asking the government for help and still paying out those million dollar bonuses, something just isn't right. You are telling me, "Yes, I would like taxpayers money, not just to deal with debt but to pay our management more money than they deserve." Not one Wall Street firm deserves to hand out bonuses. It was the desire to make money, although not by the best means, that got us into this position. Sure some companies are cyclical and are down for a reason, but not every company is down because of the economy. It is about time the government started acting as a regulator. This needs to continue if we wish to get out of this mess anytime soon.