Well ... That is about what we expected from the G20 summit. World leaders pledged over a trillion dollars to poor countries. More seizure and redistribution of wealth. Other countries didn't bite at Obama's grand plan to stimulate the global economy by spending more money. Angela and Nicolas got somewhat of a compromise on their global financial regulators. The communiqué established the creation of a supervisory body to "flag" problems in the global financial system. Supervisory today .. regulatory tomorrow?

For all you wealth-envy types, you will be happy to know that the honchos managed to "bridge the gap" in terms of how far governments should go to regulate the market and curb what the political class deems to be "excesses." Obama says that world leaders have agreed on principles that would bring accountability and transparency to executive compensation at corporations. Note, please, that this communiqué wasn't limited to corporations receiving taxpayer bailout money. We are talking about Corporations ---Period. Obama says that company shareholders should be able to vote on executive compensation, implementing some sort of "shame function" into the establishment of corporate salaries.

"Shame." That is the word that our president would like to associate with evil CEOs and executive. If you receive compensation that is not in keeping with some politically set global standard, then you should be feeling shame.

Please tell me you don't actually think that this effort to control executive compensation is going to end with companies that receive bailout funds. Democrats - and some Republicans - know that wealth envy and hatred is at a historical high right now. They've been working for decades to bring us to this point - and now it's time to exploit. If these politicians can excuse limits on compensation based on the fact that the involved companies are receiving bailout funds, why not extend those controls to all companies with government contracts? How easy would it be to make the argument that any defense contractor should not be allowed to "unfairly" enrich top executives "at the expense of our men and women serving their country overseas." Once we have established the government contractor controls, we can extend the controls to any companies who supply goods or services to these contractors.

Smack down the executives with their high salaries and become a hero to the jealous class. There are far more people envious of highly compensated executives than there are people making a million a year. Count the votes and you'll see where this is going. The result will be executive and financial talent fleeing this country to work where the compensation matches the contribution.