I am very disappointed in this move by the Obama Administration; it is clearly a major setback for unions across this country. When a ‘pay-freeze’ is imposed, employees will never regain the losses in their wages. Employee’s future earnings will be wiped out in future years, because of the freeze. From the day the ‘pay-freezes’ goes into effect, will be the day employers will use this action as a blueprint to deny employees wage increases and reap all the profits. That is totatlly unfair! Whoever the person is that is advising the President, must be in the hip pocket of businesses near & far!
My problem with this action it points to another area the ‘middle class’ that is being impacted negatively by this Administration. While the top 2% have republican Senators in negotiations with the President to extend the tax cuts. Not feeling it, not likening it, not supporting it at all! You know as I write this piece, I recall hearing on MSNBC by one of the pundits talking about a two or 3-year extension for the top 2% is pretty much all the President can do to reach a deal, that is totally absurd. I say, the hell with a deal cut the damn taxes for the rich. If you do not make these tax cuts on the rich, the country has to borrow more money from China and that further exacerbates the problem even further.
It really is time to stand up Mr. President, if you think the Dems took a shellacking on November 2 that will be nothing compared to 2012.