Limiting Executives

Today's hot topic in the economy has to do with the decision Obama made in regards to setting a $500,000 annual cap on pay for top executives at companies receiving taxpayer funds. Obama said more measures would be outlined next week to overhaul the crisis-hit U.S. financial sector, which has been propped up with billions of dollars in public funds.

Obama summed up his decision by saying, "This is America, we don't disparage wealth. ... What gets people upset, and rightfully so, is executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers."

Maybe this is a step in the right direction in helping relieve the financial situation we are in. Some people believe Obama is doing this just as a political gambit. In my personal opinion I do not know what to say. I'm not going to agree nor disagree with his decision. I will reserve my judgement until I see how this all pans out. It would be nice to see some positive thing occur to help out our economy. Whether this works or not, only time will tell.