"The Whitehorse will cut all salaries at Fox News by 80% immediately." That was the joke when talking about this issue on Fox News Sunday. Shortly after that joke was "This is why you do not want the government running companies unless absolutely necessary." (quotes from memory.)
Our government is just happy to control wages for top executives. There is no worry over market balance or someone else offering experienced people more money to bail. I'm just waiting for the first story of a whole board leaving a company and going over seas to run some company in Eastern Europe or something. It doesn't matter where they go, it matters that they are leaving the U. S..
I'll crack up when I hear it. Then I will weep for the loss of that intelligence and that drive that will be lost. The first and then second and then tenth time something like this happens, will tell the rest of us that the grass really is greener on the other side of the border.
Remember, the people who run corporations are not idiots for the most part. They have drive and are willing and able to make things happen. They also spend money. When they start leaving because they have no place in the U. S. to perform their living, we know that either we must change thing quickly, or we must prepare to become a country that is no longer the leader of the world in making things happen.
Too many people think the U. S. should not be the leader any more. They act like it is a bad thing to be on top of what is going on all around the planet and to be the leader for the entire gaggle of humans on the planet. If the U. S. is not the one on top, someone else will assume that position.
I think many people are under the delusion that Europe will take that roll. I doubt it. Europe is also advocating their world leadership roles to no one. Russia acted like she wanted the job a while ago, but just wants to make noise and money now it seems. There is only one nation on Earth stepping up to the task. Do you really want China dictating how U. S. Citizens should be compensated for performing a job or in charge of the inevitable public health care system? Do you want China deciding who may have children and what career every one should pursue?
All china has to do is say they don't want dollars any more and offer to pay other currencies for oil. This would throw the dollar in to a tailspin. China would then demand some show of submission from the current administration. Obama would happy to give in and make stop the skyrocket of gasoline prices that consumers would be screaming bloody murder over.
When that happens. The reign of the U. S. has ended. The era of China will have begun. Mark my words.