Administration Seeks Increase in Oversight of Executive Pay

The intrusion into private enterprise continues... replacing GM's CEO, telling Wall Street how much they can pay their employees, intervening in a bankruptcy proceeding and changing banking law precedent by giving unsecured creditors preference over the secureds... It's very dangerous, and of course it will lead to a less competitive economy, as corporations decide to shift operations overseas after the burden upon them becomes too great.

The cap and trade bill would be the final straw in crippling the US economy. Let's hope the Congress recognizes this before it's too late. I can tell you that I am unwilling to pay another $3,100 per year in taxes to combat CO2, when CO2 represents around 5% of greenhouse gases in the atmosphere (water vapor being the overwhelming majority), and any action that we take is rendered meaningless by the actions of the developing countries... This is the biggest tax-hike scam ever invented.

 

The intrusion you speak of was actually a reverse intrusion. Wall street, and auto companies reached into govt pockets for the hand outs they wanted. That preceded any of the conditions that came with those hand outs.

 

The pay czar (how many communist style czars do we have now?) is supposed to regulate pay for companies getting government money, although Obama said that he should be looking at all banking and stock market pay systems. IMO our current czar -- who reports to no one except Obama -- is taking baby steps toward ultimately limiting compensation for all key industries.

For example, sports teams often get subsidized money for their stadia. Ergo, the pay czar one day will rule that he can limit how much money the owners, management and even players can make.

School districts get state and federal monies so school administrator compensation also falls under the pay czar's empire. Do you see where this could go? -- construction companies who take federal money to build highways, etc. etc.

The economy needs regulation and steerage -- I do not deny that. However, Obama's new policies are getting scarier by the day.

 

You think that because you are either deliberately or lazily misinformed - you should shut up because, due to your lack of information, your opinion is of little value on this topic.

 

Taken with the weight of a SamFisher dictum -- which is lighter than a neutrino on a diet.

 

Agreed, and if health care is nationalized, as Barack Mugabe Obama desires, then Obama will basically be able to regulate every single industry, under the guise of 'it contributes to national health issues'. Very, very scary. The Dems are trying to push everything possible through during this period of honeymoon/crisis where the unthinkable is now feasible for them. When the voters realize how wrongheaded his policies are, the music is going to stop and he'll be exposed for the unqualified fraud that he is. The polls are already showing the Republicans as being more trusted to take care of the economy and foreign policy. That's a huge shift from several months ago. Keep up the bad work, Ubama.

 

The Communists hated the Czars and turned them into the ultimate image of evil, the stuff of nightmare for children. There was no such thing as a Communist Czar.

 

You're correct in pointing out my poor analogy. I should have referred to them as commissars who report only to their modern day Stalin with a smile.

 

lol thumbs, history lesson for you. Don't just auto-swallow what the wingnut media feeds you.

do you ever include facts in your posts?

 

Looks like you're going to have to ratchet up the anti-Obama rhetoric at the "non-partisan" tea party to stop this red tide.

The fear-mongering rhetoric has already started bringing the right-wing nutjobs out of the closets.

 

It's funny how if anyone disagrees with anything the current administration has done, people fly out of the wood works to call them right-wing nutjobs.

 

Yea on the first. Nay on the second, particularly when the company's failure is large enough to bring about a state- or nationwide recession (on which the opposing political party would be more than happy to capitalize).

 

It's funny how making random, repeated, uninformed allegations that the President of the United States is somehow part of a movement to implement Marxist-Leninism would subject one to such epithets.

 

Sure, because "right-wing nutjobs" has ONLY been thrown around when people criticize Obama for his "socialist" agenda.

Look, I'm as moderate as they get, but calling anyone and everyone who criticizes the President as some right wingnut needs to go away.

 

My reference to "nutjobs" was not directed at thumbs, nor intended as an insult to him. I do like to jab him about the tea parties, however. While I do not agree with his positions, he has always been rational and reasonable.

I am speaking specifically about the nutjobs that are incited to violence by this type of rhetoric.

Kind of like the right-wing nutjob who killed the guy at the Holocaust museum.

 

It's generally either nutjobs or people who don't understand what socialism actually is.

 

...interesting way to describe 99% of the business community who shares the same criticism of Obama...

...watched CNBC or picked up a copy of the WSJ lately, Sam?

 

Even though that number is a lie, why do I care? I don't really give a sh-t what percentage of the business community misunderstands political philosophy or Marxist-Leninism and thus would inaccurately apply such a label.

 

Do you care that Obama has squandered his lead among voters on the issue of which party is best to deal with the economy? Telling.... It didn't take long for Americans to recognize that the Obama Administration just doesn't know what they're doing as it relates to the economy.

BTW -- there's a great article in the WSJ today about how Obama's ill-fated and naive stimulus plan is driving up interest rates and threatening to cripple the economy. You should read it!

 

No, because his approval ratings remain high and your party is in the toilet, rebranding itself by polishing whatever it finds down there.