If plans to cap salaries at $250K for employees of any company that borrowed more than $5 billion in federal bailout money go through, we will probably see a flight of managers to the few firms that didn’t take the money — and then we can staff Citicorp, AIG, Freddie, Fannie, etc. with ACORN organizers in their places.
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About the Author
Victor Davis Hanson is a classicist and historian at the Hoover Institution, Stanford University; the author of The Second World Wars: How the First Global Conflict Was Fought and Won; and a distinguished fellow of the Center for American Greatness.
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