whereaminow (70.26)

From Absurd to Ridiculous to.... Barney Frank-ulous?

March 31, 2009 – Comments (7)

I can't even think of a proper adjective to describe Barney Frank's recent proposal.

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.

I'm speechless. I want to hear from people that supported the bailouts (any of them!)  What is your justification for this?

Do you believe that implementing wage controls on all employees will help the business grow and thrive?

Do you believe that government can determine the proper wage rates of every employee in a business operation?

Do you know how wage rates are determined in the private sector?

Do you understand the ultimate effects that such controls will have on the viability of the enterprise?

If the enterprise wasn't viable to begin with, how will such actions make it more viable?

What is the next step? What happens when employees, the good ones, abandon the operation in droves?  What will you be left with? Will government force people to work?

In other words, why did you want these companies bailed out in the first place? So the government could implement idiotic policies that would ensure a slower, more turturous death? Are you sadists?

Do you finally see what happens when you ask daddy government to fix the market? If the market is flawed, what makes you think that the goverment's response will be less flawed? 

It's not stupidity at work here. Barney Frank is the Chairman of the House Financial Services Committee. This man knows what he is doing. That is the scary part.

Do you think Barney Frank doesn't understand the implications of this proposal?

Do you think Barney Frank doens't understand that he is advocating a solution that would make Mousilini stand up and clap?

Do you still believe that our government is representative of the people?

Do you still think the Constitution is 'just a piece of paper?'

Do you still think tyranny can never happen in America?

When will you wake up?

David in Qatar