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. [More]Didn't take long for economic fascism to become the centerpiece of the agenda, did it? Folklore says a vampire cannot cross your threshold unless you invite him in. And who is a bigger parasite or sucks more than Barney Frank?
And now some words of wisdom for our Captains of Industry that even a boy with a little wooden head understands... (When elder feral son Uday was little, he called him Pick-a-neek-o--so I still do)...
[Via Tom R]
4 comments:
Unfortunately, these guys are worse than vampires, because we can't keep them out.
How long now have I been warning that fascism was this nation's biggest danger? Ok, trick question. the answer, 37 years. I cannot repeat here the names I have been called in that time, even though David does allow me some leeway.
Worse, we still have people denying it's even possible, despite the fact it is here.
Why can't we impose "public controls" on the pay of all government employees? It should be a negative number. I'd make them pay for the "privilege" of holding the job. $700 billion per year for the orifice of POTUS should be about right. Congress should split the cost of running the government equally among themselves. Then, of course, all their nice new "laws" and rules should only apply to them, not to the rest of us.
How are companies that didn't take bailout money (like Ford) going to be able to compete with Government Motors, who have a money-printing machine at their disposal?
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