Part of owning the message, keep saying the same thing until people say it back to you. No matter how stupid, eventually they repeat it just to shut you up.
By the way, there was a huge statement steam coming from the campaign trail that the Bush Whitehouse was way too powerful, and that part of CHANGE was reducing that power. Um, so what’s with all the czars, then?
The Obama administration plans to appoint a “Special Master for Compensation” to ensure that companies receiving federal bailout funds are abiding by executive-pay guidelines, according to people familiar with the matter.
The real message behind this is that the current administration is still tweaked about the bonuses that the financial companies tried to give out recently. This is an effort to have a babysitter.
Mr. Feinberg is expected to focus on pay restrictions related to firms receiving TARP bailout funds, helping companies to interpret the rules and ensure that they are being followed.
Like I said… babysitter.
This demonstrates why I’ve been warning about the czar culture at the White House. It puts power into the hands of one man, Barack Obama, and eliminates any accountability for his actions… Otherwise [Congress], the branch that represents the people have no control over the law-enforcement actions of their government, and the courts would have no clear entry point to check executive power.
There’s an increasing disparity between companies that play by the rules the administration sets and those who are free to pursue business as usual. I still beleive the advantage falls to the latter for a variety of reasons. We’re seeing strategic intent from the administration that belies their campaign promise, and the continued message of control will eventually resonate with the public out of sheer exhaustion.