For ALL banks, any Wall Street firm, and possibly other companies, Obama will set executive pay.
Can I please ask, what exactly is a bank?
What exactly is a “Wall Street Firm?”
What “other” companies? Why “other companies.”
What does Obama know about executive pay?
Obama will determine YOUR pay; He will determine your tax, and He will determine when your life is finally useless. Your freedom is no longer guaranteed by the Constitution; your God in corporeal issues is The Obamessiah.
Obama is a genius of biblical proportion. The government officials he appoints to select your medical care and determine your pay are also geniuses and miniature Gods themselves. They certainly know more than free markets and capitalists.
Free markets are so passe. Free markets never made America great; only slave labor did that. Thank you, Obama. Be sure to pledge your obedience to Obama; He wants you to do that.
Is this the Red Chinese infrastructure you promised? Thank you, Obama.
Must read (rare) NY Times story:
Administration Seeks Increase in Oversight of Executive Pay
WASHINGTON — The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.
The outlines of the plan are expected to be unveiled this week in preparation for President Obama’s first foreign summit meeting in early April.
H/T: Drudge Report
Let the “reparative” and “redistributive” political manipulation begin; like Frank Marshall Davis, Bill Ayers, Saul Alinsky (posthumously) and Jeremiah Wright taught Him – the economic philosophy of Ronald Reagan was always a failure. Remember? Wealth redistribution has always been a smashing success, compared to free markets and capitalism. What better way to encourage and embody human productivity and creativity could exist beyond wealth redistribution? Anyway – “. . . Damn America” – the universal solution of Obama 20 year moral conscience and religious mentor Jeremiah Wright.
Wealth redistribution in the form of real estate to buyers who could not pay certainly worked out well, just like expanding it to income will.
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