Fox host: Capping bailout executives' pay 'slippery slope' to socialism
John Byrne and David Edwards
Published: Thursday February 5, 2009

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Capping executive pay at companies that took billions of dollars in taxpayer money is the first step on the road to socialism -- or that might be your perception if you religiously watch Fox News.

Fox News host Gretchen Carlson declared Thursday morning that capping executive pay at $500,000, as President Barack Obama has proposed, could be the beginning of the end.

"What's the incentive" to perform? Carlson asked. "I worry about, shades of socialism, if you carry it further down the pike. That's what I think some people are concerned about."

Carlson also said she thought the decision to cap the salaries of bank executives was "unfair," because there aren't caps for other companies that receive federal assistance (though certainly few companies receive quite as much assistance as the banks).

"Don't a lot of companies directly or indirectly get federal aid already?" Carlson quipped. "I mean, I'm happy to beat up the bank executives and a lot of them deserve to be beaten up. [But] what principle is Obama establishing?

"What about universities who get tons of federal aid? Should we cap the salaries of their presidents? What about all the companies that come and get special deals, earmarks and the like? Should we cap their pay? Hospitals spend a lot of time lobbying Capitol Hill, their CEOs -- should we cap their pay? I think it's a very bad idea."

AIG, the insurance carrier, got a bailout of $152.5 billion. Other banks got bailout aid of $10 billion.

The total federal spending on higher education in 2006 -- including all colleges and universities in the country? $52 billion.

This video is from Fox's Fox & Friends, broadcast Feb. 5, 2009.

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