Obama to Propose Limiting Executive Pay of ALL Companies

  ” So this is how democracy ends. To thunderous applause.”

That quote comes from Star Wars, Revenge of the Sith and many people took it to be a shot at president Bush when the movie came out. How appropriatedoes that quote seem now with President Obama about to make sweeping changes to our economic system? What am I talking about?

  President Obama, now emboldened by the outrage and hatred that he deliberatelystoked in the American people towards executive bonuses and pay with the AIG fiasco is now ready to propose limiting how much a PRIVATE company can pay their executives, even if they do not accept federal money.

The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies

 He will decide how much the executives at ALL banks, at ALL Wall Street firms, and at whatever other companies he sees fit to monitor can be paid. This is an idea that I saw coming and in fact I wrote about it here on February 4th, now it is about to come true.

  It is the ole slippery slope argument that so many people roll their eyes over when you mention it, but now it sure seems fitting. If a company whores themselves out and goes to bed with the federal government and takes federal funds then whatever restrictions the government puts on them is part of the deal. But now the president has decided that he needs to go beyond regulating the pay of the companies that take bailout money. Now he want to regulate how much a company can par an executive even if said company does not take bailout money.

The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money

  As bad as it seems that our dear leader is going to delve into the payroll of PRIVATE companies it gets worse.

Under the proposal, the Treasury secretary would have the authority to seize and wind down a struggling institution after consulting with the president and upon the recommendation of two-thirds of the Federal Reserve board.

  Tax cheat Timothy Geithner will be able to seize any company that Adolph Obama decides to take over with a 2/3 vote of the federal reserve. This is absolutely unbelievable, this is un-American.

  Obama has deliberately created angst in the lower classes of the American people and he is using this angst to take over private companies. This man needs to be stopped and he needs to be stopped NOW!

  He is purposely trying to pit one class of Americans against the others. He knew about the AIG bonuses and I am beginning to think that he agreed to let these bonuses be paid so  that he could Judas the executives for his own communist political goals.

  Our dear leader is about to embark on a power grab of epic proportions. And for the last eight years we were told that it was President Bush who was Hitler, remember:

It is pretty offensive, isn’t it?