This is how much BHO is REALLY in control

[JC5123]

Just goes to prove that BHO is just simply a puppet with no authority.

http://www.foxnews.com/politics/2009/10/22/pay-czar-feinberg-obama-decision-slash-executive-pay/

[ericire12]

Up next..... Legislation will be passed to set a national maximum wage

[JC5123]

Up next..... Legislation will be passed to set a national maximum wage

Why not just get it over with. Merge minimum and maximum wage so that everyone makes the same. Next start fixing the price on every thing so that no one would be allowed to be better than anyone else. Socialism at its finest.

Not even 8:30 and I'm getting a headache from all this crap!

[MikeBjerum]

All of this is wrong is sooooooo many ways that I can't begin to list or gripe about.  However, does anyone have a problem with an organization that does not know how to control its own finances "claiming" to own all these large companies that were deemed "too large to allow to fail"?  And now with that claim out in the open, they want to "manage" and dictate how a free enterprise capitalistic company should be run 

[Hazcat]

A year ago this economy (GDP) was 100 % free.  Now the government owns 30%!

[Sponsor]

[ericire12]

All of this is wrong is sooooooo many ways that I can't begin to list or gripe about.  However, does anyone have a problem with an organization that does not know how to control its own finances "claiming" to own all these large companies that were deemed "too large to allow to fail"?  And now with that claim out in the open, they want to "manage" and dictate how a free enterprise capitalistic company should be run  

Its all a power grab... Nothing more. Nothing less

[tombogan03884]

 Many of us have been saying that BO was a puppet of the left since he began campaigning. Many, even on the left, are beginning to to make the same discovery (though they will NEVER admit that we told them that, and backed it up with facts a year ago ).
This rest wouldn't admit he was a puppet if there was an arm hanging out his ass.

[WatchManUSA]

Well folks it gets even worse.  Pay controls are expanding past the original seven big companies originally announced.  The Fed is getting involved, too.

http://news.yahoo.com/s/ap/20091022/ap_on_bi_ge/us_obama_executive_pay

From the article: Treasury to order bailed-out firms to slash pay

The Federal Reserve unveiled a proposal Thursday that for the first time would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis.

Unlike the Treasury plan, the Fed proposal would cover thousands of banks, including many that never received a bailout. But the central bank would not actually set compensation. Instead, the Fed would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.

"The Federal Reserve is working to ensure that compensation packages appropriately tie rewards to longer-term performance and do no create undue risk for the firm or the financial system," said Fed Chairman Ben Bernanke.

Under the proposal, the 28 biggest banks would develop their own plans to make sure compensation doesn't spur undue risk taking. If the Fed approves, the plan would be adopted and bank supervisors would monitor compliance.

At smaller banks — where compensation is typically less — Fed supervisors will conduct reviews. Those banks don't have to submit plans.

Question, What Constructional authority gives the federal government the power to control wages at private businesses?

Under any definition, this is a form of tyranny.  If the government feels free to act in this way with pay they can do anything!

[tombogan03884]

The King is a fink !
                                            Death to the King !