First, Barney Frank has made public his notion that due to our financial situation, Congress and the President should dictate to private companies how much they should pay their employees. At first, this rule was only going to apply to companies receiving bailout money from taxpayers; now Frank wants to apply this rule to all private companies in this country. Roll the quote:
Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.Just for suggesting such an unconstitutional notion, this man should be arrested. Of course, he should have been arrested a long time ago for his dealings with Fannie Mae and his use of his position in congress to manipulate the housing market. Also, wasn't there a male prostitution ring being run out of his house by a former boyfriend? Of course, Barney knew nothing about it.
“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.
He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies....
So do you think the Messiah would back up Frank's insane plan? Let us recall Obama's worrisome quote about companies and CEOs from just the other day:
"There will be time for them to make profits, and there will be time for them to get bonuses -- now is not that time. And that's a message that I intend to send directly to them."Good God! Well, thank you for clearing that up, Emperor Obama. We are so screwed!
Good Day to You, Sir
1 comment:
And remember, it's all President Bush's fault.
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