Page 1 of 9 123 ... LastLast
Results 1 to 10 of 84

Thread: Beyond AIG: A Bill to let Big Government Set Your Salary

  1. #1
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Beyond AIG: A Bill to let Big Government Set Your Salary

    Beyond AIG: A Bill to let Big Government Set Your Salary

    Not going to drag in the S-word on this, because the hyperpartisans on the left will disavow it despite all evidence.

    My question is simply this: was any of this the "change" folks voted for?

  2. #2
    Baby Eating Monster
    Korimyr the Rat's Avatar
    Join Date
    Feb 2006
    Location
    Laramie, WY
    Last Seen
    11-23-17 @ 02:02 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    18,709
    Blog Entries
    1

    Re: Beyond AIG: A Bill to let Big Government Set Your Salary

    No, this certainly is not. And I'm far enough Left (on economic issues, at least) that I don't mind being called a "socialist."

  3. #3
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Beyond AIG: A bill to let Big Government set your salary

    www.washingtonexaminer.com >> Politics

    But now, in a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.
    The purpose of the legislation is to "prohibit unreasonable and excessive compensation and compensation not based on performance standards," according to the bill's language. That includes regular pay, bonuses -- everything -- paid to employees of companies in whom the government has a capital stake, including those that have received funds through the Troubled Assets Relief Program, or TARP, as well as Fannie Mae and Freddie Mac.
    What's the purpose of this?
    Rep. Alan Grayson, the Florida Democrat who wrote the bill, told me its basic message is "you should not get rich off public money, and you should not get rich off of abject failure." Grayson expects the bill to pass the House, and as we talked, he framed the issue in a way to suggest that virtuous lawmakers will vote for it, while corrupt lawmakers will vote against it.



    Scared yet Comrades?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  4. #4
    Educator BulletWounD's Avatar
    Join Date
    Mar 2009
    Last Seen
    02-17-11 @ 09:06 PM
    Lean
    Undisclosed
    Posts
    984

    Re: Beyond AIG: A bill to let Big Government set your salary

    Quote Originally Posted by MrVicchio View Post
    www.washingtonexaminer.com >> Politics



    What's the purpose of this?
    [/b]


    Scared yet Comrades?
    What a joke... How does Barney Frank keep getting re-elected? If I lived in Massachusetts I would be absolutely mortified.

  5. #5
    Conservative Independent
    DarkWizard12's Avatar
    Join Date
    Sep 2007
    Location
    Tyler TX
    Last Seen
    Yesterday @ 01:53 PM
    Gender
    Lean
    Independent
    Posts
    7,562

    Re: Beyond AIG: A bill to let Big Government set your salary

    /subscribe

  6. #6
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Beyond AIG: A bill to let Big Government set your salary

    I have doubts this will actually ever come to pass... however, the fact it made it through committee... that's scary.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  7. #7
    Conservative Independent
    DarkWizard12's Avatar
    Join Date
    Sep 2007
    Location
    Tyler TX
    Last Seen
    Yesterday @ 01:53 PM
    Gender
    Lean
    Independent
    Posts
    7,562

    Re: Beyond AIG: A bill to let Big Government set your salary

    Quote Originally Posted by MrVicchio View Post
    I have doubts this will actually ever come to pass... however, the fact it made it through committee... that's scary.
    HOW did it get through committee? Who was chairing?

  8. #8
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Beyond AIG: A bill to let Big Government set your salary

    Well, the groundwork is being well prepared for the Anti-Dog-Eat-Dog Rule. After the feds nationalize the major banks and auto-manufacturers, they'll be moving to eliminate competition from the independent banks and the non-nationalized auto-makers, probably by making it illegal to offer for sale products competitively priced with their nationalized providers.

    If Barney gets a hankering for some more rear den I'll expect he'll move to take over the nation's steel mills. How could a real man like Barney resist a steel worker wearing a hard-hat? When will the airlines fall?
    Last edited by Scarecrow Akhbar; 03-31-09 at 09:19 PM.

  9. #9
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Beyond AIG: A bill to let Big Government set your salary

    Quote Originally Posted by DarkWizard12 View Post
    HOW did it get through committee? Who was chairing?
    A Democrat.

  10. #10
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Beyond AIG: A bill to let Big Government set your salary

    Quote Originally Posted by MrVicchio View Post
    I have doubts this will actually ever come to pass... however, the fact it made it through committee... that's scary.
    If they can keep the uniongoons currently wrecking GM for the Messiah from seeing it, it has a good chance of passing.

Page 1 of 9 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •