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Overnight Open Thread

829
itellu3times3/31/2009 8:08:39 am PDT

re: #753 Walter L. Newton

Yes, Comrade Obama and his gang is working on controlling the pay of ANY employee of ANY company that accepts ANY government help.

Beyond AIG: A Bill to let Big Government Set Your Salary

“But now, in a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.”

[Link: www.washingtonexaminer.com…]

Does it smell more like socialism to YOU?

It stinks. It’s horrible. And it’s overdue by about twenty years. Maybe it would have suppressed the salaries at Fannie and Freddie over that time, using government money to line their pockets.

I’d still like to jail some unknown but large number of financial execs.