Tuesday, February 17, 2009

Audacity You Can Believe In!

Isaac Morehouse of Students for a Free Economy in Michigan pointed out the incoherence of President Obama's cap on executive pay at firm's receiving federal assistance in a recent post on SFE's blog. According to Business Week, one-third of public university presidents make more than $500,000 per year, the cap that has been placed on private firm's executive pay. Morehouse rightly asks:

I wonder if the Commander in Chief will also demand caps on their salaries since they receive research grants and federally subsidized student loans?

My suspicion is that the answer is "No."

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