Posted on 03/31/2009 2:11:26 PM PDT by Responsibility2nd
I heard Sean Hannity mention this today.
I see three threads on the Byron York article; 'Beyond AIG: A Bill to let Big Government Set Your Salary', are already up.
http://www.freerepublic.com/focus/f-news/2218900/posts
So if anyone has missed this article, read it. Read it now.
House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., left, talks with Treasury Secretary Timothy Geithner, right, and Federal Reserve Chairman Ben Bernanke, on Capitol Hill Tuesday, March 24,2009. Frank's committee has passed a bill giving Geithner extensive control over salaries of employees working at companies receiving government bailout funds. (AP Photo/Evan Vucci)
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.
Also read any of the hundreds of article regarding Obama's dismissal of GM's CEO.
Read on the possibility of how Wall Street Bets Obama Will Fire Bank CEOs Next Says CNBC Reporter
And now this. This Pay for Perfomance Act of 2009.
No surprise that the MSM is not reporting this, but this needs to be out there.
You may not be working for a company directly impacted by bailout monies. But no matter.... Obama will soon be deciding what YOU will earn.
From each according to his means, to each according to his needs...
WHAT THE???
It is the first half of wage and price controls. When the inflation begins, the price controls will follow.
Kinda like relying on cigarette taxes to fund health initiatives, then taxing cigarettes so much that people can't afford to buy them, so they have to tax them more, then less people use them, then....
The correct quote is, "From each according to his abilities, to each according to his needs". Under such a policy, the general approach is that "abilities" drop to the minimum necessary and "needs" rise to whatever can be scammed.
FMCDH(BITS)
Heck, if they control OUR salaries, we should control theirs...
The funny thing about people who believe in 70% plus taxes on anyone making “too much” is they also believe in putting in a salary cap. The final thing they believe is that they are super-geniuses and are way smarter than everyone else.
I remember well the Russian work ethic of the Stalin/Krushchov/Brezhnev era.
“They pretend to pay us, and we pretend to work.”
Any doubt that King Obama is a communists. If so, you will get it in a few years when the sh@@ hits the fan and your salary is next to nothing. He is trying to reduce us to the living standards of a third world country.
“What is the ‘Pay for Perfomance Act of 2009?”
I haven’t got the faintest idea, but if the act has any meaning at all related to its title, we can be damn sure of one thing: it doesn’t apply to Congress.
WSJ today ad.
http://technologyonsiteservices.blogspot.com/
The unedited version of:
A Public Apology and Plea
to all AIG Associates
[ including bonus recipients ]
Thoughtful Americans – people of common sense and good will – know exactly what is going on today in American Politics.
Whether or not the proposed absurd, onerous tax penalties are eventually signed into law, we share the outrage you must feel for the utter hypocrisy, heavy handedness, and pure idiocy of our elected officials. There is nothing new about the concept of politicians identifying scapegoats to divert attention from their own ineptness, but they have now taken it to a preposterous level.
These polished, practiced hypocrites, aided by the media, are staging a vicious charade aimed at stirring anger amongst a naturally vindictive, vocal segment of our population – either oblivious or non-caring of the impact of this furor on you and your families.
• We have a permanently unpopular and irreparably out-of-touch Congress – both Republicans and Democrats – shamelessly pandering to an uninformed electorate – wasting taxpayer dollars treating private citizen CEOs like convicted felons – investigating everyone but themselves. It was they who passed legislation promoting sub prime mortgages and the latest ‘stimulus’ package which provided for the bonuses.
• We have a populist President – in his own words – “channeling our anger in a constructive way”. His idea of “constructive” demeans his role as the leader of all Americans – specifically: his unnecessary divisive remarks that treat all people of wealth as greedy; his broadside attacks on excessive executive compensation as if all CEOs in Corporate America are overpaid; his sweeping, counterproductive vilification of Wall Street’s “excessive greed” — combined with his terribly misguided advice to young folks not to pursue careers there; and, his constant, classless whining about the mess he inherited and his predecessor’s mistakes. He says he is angry about all of the above, yet sees no problem in incurring the wrath of sensible Americans by running up trillion dollar deficits.
• And, no surprise, the New York and Connecticut State Attorney Generals are now piling on – issuing subpoenas.
• We are appalled that, before our very eyes, they are systematically demeaning and dismantling America’s financial services sector – a proven facilitator of wealth and job creation. This national asset, with all of its flaws, is irrefutably the very best in the world.
Elections have consequences – but caring Americans, regardless of their ideology, must not remain silent on the sidelines and allow this lunacy to continue.
• The bonuses in question were voted by Congress and signed into law by the sitting President.
• Retroactive use of the tax code to punish any private citizen is an absurd, vindictive, small minded act by political hacks!!
• The money legally belongs to the bonus recipients regardless of their role in AIG. What’s done is done – let’s all move on to address real issues: the deficit, jobs, and economic prosperity!
For the sake of your own dignity and out of respect for your Country, do not succumb to this insanity which, if allowed to prevail, will most certainly propagate the lawless power of our Federal government.
A special message to bonus recipients: If after reading this, you are still overcome with guilt – please don’t give the money back to proven, profligate spenders – donate it to a useful charitable cause.
Posted by My name is regretfully withheld to avoid the wrath of small minds and big government.
>>Heck, if they control OUR salaries, we should control theirs...<<
THEY DON’T DESERVE A SALARY - THEY SHOULD BE PAYING US.
Excuse me for shouting, but I have had enough!
thought we did...
I agrree with you.
Did you vote on their last pay raise? I don’t recall doing that.
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