Beyond the audacity of Barack Obama being the ever first sitting president to be the current CEO of an automobile company, the Chairman of the House Finance Service Committee Barney Frank took it one step further. The arrogance and ineptitude of these clowns are beyond disbelief. Aren’t these two individuals had their hand in the Fannie Mae/ Freddie Mac debacle? Are we to believe these two will solve the failed auto industry?
Barney Frank and the House Finance Service Committee approved, with little notice, a measure to impose the government to control the pay of all employees of any company receiving bailout money from the federal government. This is called the "Pay for Performance Act of 2009." I would call it "Pay for Play Act of 2009."
Now, can you guess who will be given the authority to decide what pay is unreasonable or excessive? Yes, it’s that tax cheat Timmy Geithner. This extension of power seems unfair and a burden to the tax payer of this country. This idiotic idea is unconstitutional in regards to taxing a specific group of people. There will be some form of bias and bigotry in deciding what pay scale each employee should receive. If this passes through Congress, what makes you think the government wouldn't control those companies not affected by the bailout?
To the layman, is this fair? If you are a Democrat, aren't you embarrassed?