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

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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

7 Comments – Post Your Own

#1) On April 01, 2009 at 1:25 AM, cbwang888 (25.91) wrote:

Barney Frank looks like a moron, talks like a moron and did lots moronic things.

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#2) On April 01, 2009 at 5:04 AM, DaretothREdux (49.28) wrote:

I can hear Mousilini clapping...but you will never convince me that anyone named Barney knows what he is doing.

I love you...

You love me...

(Sound of gun cocking)

BANG!

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#3) On April 03, 2009 at 9:33 AM, 4everlost (29.50) wrote:

Everyday the news becomes more and more absurd.  I'm sick of the attempts at additional market manipulation the gub'ment thinks arre wise.

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#4) On April 07, 2009 at 6:49 PM, LadyDem (< 20) wrote:

I'm not going to listen to anyone who doesn't know how to spell "Mousillini".  Your intelligence is showing...

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#5) On April 07, 2009 at 7:48 PM, chk999 (99.98) wrote:

LadyDem why don't you make some stock picks and show us how much wisdom you have?

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#6) On April 07, 2009 at 8:14 PM, eddietheinvestor (< 20) wrote:

If there is a Pay for Performance Act, Congressmen such as Frank should have to repay their salaries for the past several years because it is under Frank's "leadership" that this economic mess happened.  Frank, for instance, was a strong supporter of the subprime loans that lead to the housing crisis and the banking crisis.  Frank complains about the auto industry and AIG and the banks, but this fiasco all happened under Frank's watch.  When will Frank take responsibility?

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#7) On July 31, 2009 at 12:29 PM, FleaBagger (29.37) wrote:

Dare - you were missing one of the L's in "Mousillini." Ha ha ha!!

Devoish - "I wasn't in support of bailouts, but what's wrong with people getting paid what they're actually worth? And don't tryo to tell me that greedy capitalists are better at deciding what human lives are worth than a democratically elected congress. Or the Treasury Secretary. Or a lifer at a desk at Treasury. What could possibly go wrong with democracy?"

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