Thoroughly Predictable News Item of the Day

Time for another "I told ya' so". Two in fact. Today brings news that the big guns brought in to rescue firms for the benefit of the taxpayers who are now on the hook, say that they can't attract anybody to work for them given the government's vindictive and shortsighted pay czar bullcrap. Both Whitacre at GM and Benmosche at AIG point out the problem - no one wants to work hard for less than they are worth elsewhere and no one wants to work where the government is questioning and overruling every little decision.