The Biggest American Business

I have a column at American Issues Project about what might happen if people treated government as they do corporations.

From the time Barack Obama was sworn into office he made Corporate America one of his favorite targets. In February, President Obama announced new restrictions to cap pay at $500,000 for executives of companies receiving federal bailout funds. He said he was taking action to stop the “culture of narrow self-interest and short-term gain” at the expense of taxpayers, and to take the “air out of golden parachutes.”

“This is America. We don’t disparage wealth,” Obama said. “But what gets people upset, and rightfully so, is executives being rewarded for failure, especially when those rewards are being subsidized by U.S. taxpayers.”

If people are upset, and rightfully so, by executives being rewarded for failure with taxpayer dollars, might they be just as upset when those being rewarded are not executives, but politicians?

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