Hard work, not benefactors of cronyism, should be rewarded

Editor,

I find Dixon Duval's column Monday to be majorly flawed. Yes, poor executives, how dare we say they can make only so much money. They won't want to work hard anymore. As if they really work hard. They bankrupt the company or bank and catch a golden parachute plus multi-million-dollar bonuses just for screwing up.

The average CEO makes $11 million a year, excluding bonuses. The average American makes around $44,000. Many working-class Americans bust their backs every day in hard labor jobs with long hours, and they will never be able to make as much as these fat cats who sit in their ivory towers all day long on conference calls and then have six-day weekends in the Caribbean on their private yachts.

Wealth is not infinite. So, yes, by some having too much, it does take away from the others. This imaginary money that keeps being pumped out of banks in loans does not exist and devalues the dollar, making what little hard-working people have worth even less. Hard work should be rewarded in this country, not fat-cat cronyism.

And as for the economy going even further down the toilet, that is not President Obama; it is a lingering effect from President Bush. The economy has been going down for a long time, and it will get worse before it gets better. The man has been in office for less than 3 months. How far down did the stocks drop when Bush was in office? I think anyone with a computer who ever watched the news can answer that one for him or herself.

Sara Grover

UNM student