re: #417 Charles

But this legislation goes WAY too far. When the government gives itself this much power (i.e., to void existing contracts for ALL employees, retroactively) it’s very disturbing, and just packed full of potential for abuse.

This is a guess on my part, but the government might be setting up a way to void the autoworkers union contracts for example with some sort of new restructuring plan short of traditional bankruptcy.
i.e. we’ll bail you out but you’ll get the $40/hour that the Japanese companies get or you can fail and try Home Depot’s wages.
I agree it’s a very powerful tool and ripe for potential abuse. The retroactive provision should only be used to recover unearned, and over the top bonuses and wonder if the return is worth the risk.