Tuesday, June 10, 2008

The McCain Plan for Punishing Exorbitant Initiative and Success

John W. Lillpop

Despite 18 months of Democrat majorities in both chambers of the US Congress, America is still the land of opportunity, where one's horizons are limited only by one's ability to dream and produce.

Concepts like free markets and free enterprise are the incubators of creativity and innovation, which have made America the most prosperous society in human history.

That may change, at least partially, if John McCain is elected president in November. McCain is expected to say the following in his ongoing war of wars with Barack Obama, the other liberal running for the presidency.

"Americans are right to be offended when the extravagant salaries and severance deals of CEOs ... bear no relation to the success of the company or the wishes of shareholders," he will say, adding that some of those chief executives helped bring on the country's housing crisis and market troubles.

"If I am elected president, I intend to see that wrongdoing of this kind is called to account by federal prosecutors. And under my reforms, all aspects of a CEO's pay, including any severance arrangements, must be approved by shareholders," he is expected to say."

How is that for a "conservative" position on matters related to the economy?

Remember, John McCain admitted that he does not understand the economy, and his latest babbling confirms that self-assessment.

Do conservatives really want to install a president who considers certain CEO pay to be "wrongdoing," which should be subject to investigation and action by federal prosecutors?

What about folks like Alex Rodriquez, Kobe Bryant, and other superstar athletes who make $20 million or more per year? What about Hollywood stars who make scores of millions for performing in trashy films unsuitable for viewing?

Where do you draw the line? What about socialist couples who make over $100 million by writing books and lying for dollars all across the nation--ergo, the Clintons?

Bottom Line: John McCain will need plenty of new revenue sources to pay the scores of billions of dollars it will cost to fund foolish socialist programs that he and Ted Kennedy would push, including amnesty for 38 million illegal aliens.

The Big Question: Why in the world is John McCain intent on punishing successful American entrepreneurs while rewarding illegal aliens?