RightWave

 Obama denounces big corporate pay packages

Democratic U.S. presidential candidate Barack Obama denounced huge pay packages for U.S. corporate chiefs on Friday in a drive to convert middle-class anger about the U.S. economy into votes. 

“Some CEOs make more in one day than their workers make in one year,” Obama said, jockeying for position against rival Democrat Hillary Clinton in Indiana, which votes on May 6.

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Clinton and Republican presidential candidate John McCain also have criticized big payouts for chief executive officers who benefit hugely even when their companies are struggling.

“We’ve seen what happens when CEOs are paid for doing a job no matter how bad a job they’re doing,” Obama said. “We can’t afford to postpone reform any longer.”

I’m not sure where in the Constitution it says that the United States Government should regulate pay for anyone other than employees of the government.  Last time I checked, it’s the job of the shareholders and boards of corporations to make hiring, firing and compensation decisions.  This is nothing more than ugly class warfare rhetoric from the Left (though, sadly, it seems Senator McCain has co-opted it as well), and it’s disgraceful.