Czars Are Not Good

The czars that the Obama administration has appointed are undertaking tasks that they are not Constitutionally able to enforce and it is troubling that this administration and Congress believe there is nothing wrong with the idea. Appointed advisers, or czars, are not new with President Obama, they were in place long before him. However, he has taken the position to new levels.

The problems with the czars? They are not approved, like other cabinet and administration appointments, by the Senate. So they are not vetted or is there investigation and discussion on their merits and their shortcomings before a panel. They are simply appointed.

This week, companies that received TARP funds were told by the "Pay Czar" Kenneth Feinberg that he was cutting executive compensation by an average of 50%. Read about it in the Wall Street Journal here.

Two different thoughts on this -

1. If you are a company that accepted bailout TARP money then you know that you had just sold your soul to the devil. In an open market you would have folded but you effectively gave up your control to the federal government. You had to know that something like this would come. Brilliant PR strategy by the White House on this move but with a good chance at backfiring on them.
2. This position of this czar is so ripe for corruption due to the large amounts of money involved not only in the compensation of these executives but the fortune of many mega companies that are affected when talent leaves the firm if they don't feel like they are being rewarded for their hard-work. You could be on the side of the affected company and watch your talented executives leave - so you do anything you can to stop that, including making donations to certain campaign funds. Or you could be on the side of the competition - you would love to see the brain drain from your competitor. So you make deals and contributions. This administration has shown a propensity for having more skeletons in their closet in the first year than the previous 6 administrations combined.

Nowhere is the idea of a czar considered Constitutionally sound, it is independent of any branch and has no oversight.

Get rid of the czars.