Today Barack Obama announced a salary limit of 500K/year on executives for banks and companies receiving bailout money . The government is indeed taking over. What if the "market value" of some of these positions is only 250K? Will the companies decide to take less money from the government? Doubt it. What's going to happen is MORE executives will be making 500K even if the value of their position is less. Now imagine you're a talented business executive with one of these companies with job offers in other industries. What would you do? People are going to be "bailing out" like rats on a sinking ship. These companies will fail by attrition. Obama also signed a bill today for health insurance for children up to the age of 34. Supposedly it will be funded by smokers paying $1 in federal taxes on every pack of cigarettes they buy. The average income of smoking Americans is $70,000/year. It's also been determined that the more educated a person is, the less likely he/she is to smoke. In addition, the more expensive the product is, the more likely smokers will quit. So who is paying for this program? Poor, uneducated Americans and the middle class. In order for SCHIP to be fully funded, we need an increase of 25 million smokers in this country. So, help the kids and light up. Do it for your country! Obama also stated now is not the time to get picky on the stimulus bill. He said perfection is the enemy of achieving something essential. So let's half-ass the whole thing and save the economy! As BO said today while signing the SCHIP bill, "This is just the beginning".