Open Thread

March 8th, 2008 10:03 AM

With its <sarcasm> crucial, earth-shattering work regarding steroids in baseball close to finished </sarcasm>, the House Committee on Oversight and Investigations has refocused its attention on that <sarcasm> crucial, earth-shattering issue of executive pay </sarcasm>:

The questioning mainly fell along party lines, with Republicans apologizing for hauling such distinguished corporate officials before the panel, and Democrats questioning everything from the income gap in America to the particular bonuses, stock sales and compensation the executives were awarded.

Do you care about this issue? Should Congress involve itself in what companies pay their executives? Where does this end? With a minimum wage dictated by statute, and a potential maximum wage, wouldn't we be nearing a situation where government dictates what people make at all levels? Isn't this the epitome of class envy and class warfare?