Sending kids to do an adult's job

I've already dubbed the Obamunists as the Junior Achievement administration.

See in Junior Achievement, youth get a first hand view of how businesses actually work. Given that most of the people populating the White House, they're starting to learn things they could have learned weeks ago by just reading this blog.

Case in point, the pay czar is starting to figure out that if you cut good executives pay, they leave to go to places where they get paid good executive dollars......

The Obama administration's pay czar said Thursday that he is "very concerned" about scaring away top talent at seven firms that took the biggest bailouts.

"The determinations I render I design first and foremost to make sure those companies thrive and that the taxpayers get their money back," said Kenneth Feinberg, the Treasury Department's special master for executive compensation.

Feinberg spoke following reports that American International Group Inc. CEO Robert Benmosche was threatening to leave after chafing under Feinberg's oversight of pay at the firm. Benmosche said Wednesday he was frustrated but planned to stay on.

Feinberg didn't learn about Benmosche's purported threats to leave the company until reading those news reports, he told reporters after his speech.

Hey Feinberg, call me the next time you decide to do something stupid.

More.....