If you’ve entertained sporadic thoughts that our nation is sliding into a Communist abyss, this might just seal the deal for you.
Byron York writes that U.S. Rep. Barney Frank’s House Financial Services committee has passed a bill giving Treasury Secretary and tax cheat Tim Geithner extensive control over salaries of employees working at companies receiving government bailout funds.
The measure is not limited just to those firms that received the largest sums of money, or just to the top 25 or 50 executives of those companies. It applies to all employees of all companies involved, for as long as the government is invested. And it would not only apply going forward, but also retroactively to existing contracts and pay arrangements of institutions that have already received funds.
In addition, the bill gives Geithner the authority to decide what pay is “unreasonable” or “excessive.” And it directs the Treasury Department to come up with a method to evaluate “the performance of the individual executive or employee to whom the payment relates.”
Be afraid. Be very afraid.
Obama is engaging in government takeover of private business. It’s called nationalization. Where is the outcry from the citizens of this country?
What a crew to engender confidence: Barney Fife Frank, Tim “I Forgot to pay my taxes” Geithner, and B.Huessein Obama. I feel such a calm coming over me.
Geithner deciding salary levels at private companies?! Todo, we are by no means in Kansas anymore. Very sad. Count me in at the Taxpayer Tea Party.
Amazing! And all along, I thought the Treasury Secretary was merely the person who signed our currency. As a kid, I remember Ivy Baker Priest’s name was on the dollar bills I got for allowance — one dollar per week! (And I received 25 cents more than my buddy next door!)
In the past when a Democrat was elected, I might not have liked it, but I endured until the Republicans were back in charge. No more. I now consider all of the people who voted for Obama to be my enemy, the enemy of my children and theirs…still to be born.
Our great nation is being destroyed.
On the other hand, recipients of federal TARP funds including JP Morgan Chase, and recipients of other federal bailout money, including IBM, are increasing their offshore outsourcing while reducing their U.S. employee headcounts.
This means that the U.S. taxpayer is being soaked in order to move jobs offshore – in another rendition of the “income equality” and “free trade” goals this administration appears to have.
What more does this “U.S.” government have in store for us?