Subject: Re: A real risk to US stocks

US President Donald Trump on Wednesday threatened to cap executive pay at major US defense contractors and ban shareholder dividends and stock buybacks, accusing the industry of prioritizing profits over production speed.

Frankly, there is a lot of honesty in that. I remember living in an area growing up with many executives in the neighborhood. Pay was nothing like it is now. Those were far more honest men.

Today's shoddiness is inexcusable.

Trump is trying to form a corporate policy for a massive decades-long expansion of our industrial base. It is a very different morality than what we have seen in 50 years. He is old enough to know better.