Filed under Nanny State …

Jun 11 2009
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Barack Obama, Big Government, Nanny State, President Obama

Obama Admin to Rein in Private Pay?

VERY SCARY stuff posted on Yahoo! Finance:

Administration: Rein in pay in US private sector

Obama administration: Executive pay needs curbs, better management, across US private sector

Jim Kuhnhenn, Associated Press Writer

On Thursday June 11, 2009, 10:40 am EDT

WASHINGTON (AP) — The Obama administration says executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.

Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains.

Sperling said in prepared testimony that the administration believes compensation practices “must be better aligned with long-term value and prudent risk management at all firms, and not just for the financial services industry.”

Feb 10 2008
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Big Government, Congress, Democrats, Nanny State

Congress Investigating Commercials

Congress is looking into a commercial that features Dr. Robert Jarvik rowing down a lake.  The atrocity?  A stunt double was used in said commercial.  Somebody let Guantanamo Bay know there may be some ad executives joining the ranks.

Dec 31 2007
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Big Government, Nanny State, New Jersey

New Jersey Nanny State

Here’s something I missed earlier this month.  The New Jersey state Senate is pondering a bill that would allow liquor to be sold at convenience stores and supermarkets in NJ.  Unlike 45 other states, the Garden State does not allow adult beverages purchases to occur outside of liquor stores.

Listening to the state director of the Division of Alcoholic Beverage Control, Jerry Fischer, you get the sense that the government knows what’s best for New Jersey residents:

“When I see a 15-year-old walk into a liquor store, I assume there is a problem,” said Fischer. “When I see a 15-year-old walk into a supermarket, I can’t assume anything. I have very valid concerns.”

Here’s a wake up call.  Forty-five other states currently have this kind of set up, and cashiers at big box stores in those states still check ID.    

I hope the people of New Jersey let their elected officials know that free-market values do exist in New Jersey, even if certain state officials think otherwise.

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