Thursday, February 5, 2009

(To Bill Bennett) Why your defense of Obama'a salary cap is wrong


Obama is wrong to do this. He is acting on a socialist class-warfare impulse. This is the nose of the camel under the tent, this is the slippery slope.


From this point forward, you would change our argument to no longer be "we oppose this on principle" but "we quibble now on the details of this new salary cap"


If they can set salaries for some employees in the private sector that have some touch-points with the federal government, what is to stop them from imposing salary controls on any private sector employee -- we're all entangled in some way with the federal government.


Bill, what's needed now is not compromise with the imposition of stealth socialism with salary controls, with entitlement expansion, and government crowding out the private sector. What the country needs is a full and articulate defense of free market capitalism.


We have experienced a failure of crony capitalism with the bailouts of Freddie and Fannie, and government coercion to lend against traditional lending practices that have worked for centuries. The only alternative is not the creeping socialism of the Democratic Party but Reagan conservatism.

Added in my blog:


I will cheer Obama when he does the thing that is best for America. I want that agenda to succeed.


But when conservatives applaud class-warfare "screw the rich" policies, I am a skeptic.

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