Ahhhh ... another Boortz I Told You So. Actually, my I Told You Sos are not all that special .. anyone literate person with an ounce of rational thought capabilities can figure these things out. As soon as Barack Obama started yammering about limiting executive compensation for companies receiving bailout money we knew this was on the way ... and here it is, courtesy of Barney Frank. According to an article from Financial Week, Barney Frank said that curbs on executive pay could be extended to all businesses. Oh, how he would live that.

This news is going to be golden to the wealth-envy crowd out there. Lordy, how they love the idea of the government coming along and spanking those evil corporate executives who make all that money. If you talk to some of these people you will learn that they believe that virtually every corporation out there is failing and that the reasons for these failures are corrupt and overpaid executives.

Here's the report:

"Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.

'There's deeply rooted anger on the part of the average American,' the Massachusetts Democrat said at a Washington news conference today.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies."

Yeah .. deeply rooted anger. How dare those people pay attention to their education. How dare those rich bastards take chances, work 80 hours a week, pay attention to their decisions and stick their necks out. Who do they think they are?

I saw a report on a Ft. Myers television station over the weekend about people lining up and waiting overnight in Ft. Myers for a chance to get tickets to Obama's appearance there tomorrow. They interviewed one man who lost his job and his home. He had been working in a pawn shop for the last 12 years or so, and was let go. He somehow thinks that Barack Obama is going to get him another job. Now let's think about this hard-driving pawn shop clerk for a while. For twelve years he worked behind that counter .. and all of this time he never took any initiative to prepare himself or to work for something better? No community education? No training courses? No putting on some nice clothes on your day off and looking for a better job ... say at a Wal-Mart? No second job to build a savings account? Now I'm going to catch some hell for this, but how many six-packs and cartons of cigarettes do you think this guy bought over the past 12 years. How much money would that amount to today if he had put it into a savings account? Well, finally he's doing something. He's going to go fawn at the feet of Barack Obama.

Before we move on, here's some more reading for you. Alan Brinkley is a history professor at Columbia ... a somewhat liberal university. He wrote this column for The Wall Street Journal entitled "Railing Against the Rich, A Great American Tradition." Barney Frank ... American Traditionalist.