They are capping wall street execs

[fanfromvirginia]

Yes, the government lending money to private business, then setting the pay scale for said business is Capitalism 101.

:laugh2:

Hey, you're the one that is apparently okay with CEOs rewarding themselves and each other for ruining companies.

It would be nice if you addressed my point and not a strawman version of it -- how is the above behavior not in effect eliminating entrepreneurial risk?

On edit: Wait, a second. I all but promised not to get into this. I just can't help myself. But I've helped make this thread about politics so I'll stop now.

 

[TwoDeep3]

Well, lets not facts get in the way. Just blame the CEO's for taking the money that clueless Politicians doled out. And that too at gunpoint to some Banks who didn't want the money.

Its amazing no matter how much Governments screw up economy, whenever they intervene, you got enough sheep buying the snake oil salesmen (Politicians). Whole problem in the first place is caused by them and then they inturn will blame the Capatilist/greedy Free Economy for the ills. Never fails.

I have no problem tying anyone's performance directly to their salary. But the govt enacting rules to cap CEO's and then printing more money and financing the stupidity of the Congress for opening the door to this fiasco isn't quite the same, is it.

You will never legislate prosperity. But damned if the libs don't try.

And now we are financing our bailout with the same institution that pays the bills.

Think I can get a few of my credit card companies and maybe my mortgage company to allow me to self finance and they loan me the money to do so?

Promise I'll pay it back.

The hypocrisy of the current regime is amazingly...well, amazing.

 

[Beast_from_East]

The unfair thing to Jerry, is that no matter what new idea he gets to bring in more Revenue, he has to give a portion to the lazy owners (Mike Brown).

Oh well, back to wrk

Exactly, that is why I am against sharing any revenue beyond TV contracts.

 

[Beast_from_East]

Exactly. This is like punishing the Lions by telling them they can only pay their starting QB 1M next year. That'll get Matt Cassell over there.

Why would we be happy about this govt. managing companies? The great job they've been doing with their own budgets and programs for so long?

Socialism has worked well every it's ever been tried, so I think we should keep heading all the way down this path.

The difference is the Lions can pay Cassel whatever the hell he wants if it is their money.

Different example.


If the Lions were going to be using the Boyz's salary cap to sign a QB (think bailout here with taxpayer money), how much do we Cowboy fans want to donate of our cap to the Lions so they can sign a QB?


See my point???

 

[Beast_from_East]

I have no problem tying anyone's performance directly to their salary. But the govt enacting rules to cap CEO's and then printing more money and financing the stupidity of the Congress for opening the door to this fiasco isn't quite the same, is it.

You will never legislate prosperity. But damned if the libs don't try.

And now we are financing our bailout with the same institution that pays the bills.

Think I can get a few of my credit card companies and maybe my mortgage company to allow me to self finance and they loan me the money to do so?

Promise I'll pay it back.

The hypocrisy of the current regime is amazingly...well, amazing.

You do realize that TARP was written by former Republican Treasury Secretary Paulson and that former Republican President Bush had a national address to the country to sell it as a must-have to prevent a global melt-down???

Blaming Libs and the current regime for something Bush and his Treasury Secretary Paulson came up with is laughable. Its like watching the Republicans complain about the stimulis as just a big spending bill and they cannot support it because they are fiscal conservatives.

How Repubs can say this after doubling the national debt under George Bush is halarius. There was not a spending bill the Repubs didnt like under Bush, but now they "have found religion" and are fiscal conservatives who want limited Government.........I can barely keep a straight face typing this.

 

[BrassCowboy]

The players are effectively, if somewhat loosely, capped. Rookie salaries are fixed within a certain range and the salary cap means that there is a limit that any one player can receive.

So posters who agree with the system as is are agreeing to capping salaries by definition. And the fact that the gov't allows the NFL to do what it wants means that this is, in some sense of it, gov't sponsored wage fixing.

So all you libertarians should just make the switch to being European soccer fans where, ironically enough, sports are conducted almost entirely by free market principles.

but you are missing the fact that the NFL cap system is set by a private industry controlled using the free market system as its guide.

All companies set their own rules for their employees as a condition of employment, and the fact that gov't allows those rules does not make it controlled by federal gov't.

The more gov't stays out of the private market, the better.

 

[BrassCowboy]

You do realize that TARP was written by former Republican Treasury Secretary Paulson and that former Republican President Bush had a national address to the country to sell it as a must-have to prevent a global melt-down???

Blaming Libs and the current regime for something Bush and his Treasury Secretary Paulson came up with is laughable. Its like watching the Republicans complain about the stimulis as just a big spending bill and they cannot support it because they are fiscal conservatives.

How Repubs can say this after doubling the national debt under George Bush is halarius. There was not a spending bill the Repubs didnt like under Bush, but now they "have found religion" and are fiscal conservatives who want limited Government.........I can barely keep a straight face typing this.

oh come on, the success/failure of this wasteful spending plan will land on Obama. So in a year or two when we find out we are going to pay $5 for a loaf of bread, you will know why.

I am done here, I have to finish printing my bill money.

 

[THUMPER]

shouldn't they cap the players also? Ticket prices are becoming insane. Hopefully businesses won't buy as much which will drive the prices down and if there are more and more empty seats around the NFL they will have to lower prices.

I thought you meant that they were shooting them (which wouldn't bother me all that much).

 

[fanfromvirginia]

but you are missing the fact that the NFL cap system is set by a private industry controlled using the free market system as its guide.

All companies set their own rules for their employees as a condition of employment, and the fact that gov't allows those rules does not make it controlled by federal gov't.

The more gov't stays out of the private market, the better.

It's not quite that simple. The NFL is effectively a monopoly, which generally is a big no-no in capitalism. The government is directly involved in this in that they waive the anti-monopoly clause for them and other sporting leagues.

So the NFL isn't successful at wage rigging because of internal workings of the private market but rather because the government lets them rig it against long-established, basic capitalist principles!

And many of us are more or less okay with it because it works even though many of us, myself included, are generally very wary of price and wage controls in 'the real world.'

 

[FuzzyLumpkins]

Saying that governemnt has no place in the market is about as stupid as saying that the governemnt should regulate every aspect of business.

Lets get rid of the FDA, SEC, anti trust regulations and the likes and see how well it works out.

Some regulation is good and some regulation is bad. Saying that all regulation is either good or bad is just plain ignorant.