Camel's nose under the tent?What I don't like about the trillion dollar payoff
By nationalizing our banks, we're setting the stage for another very long step towards socialism. This bill will regulate the salaries of executives who take the bailout but Barney Frank wants more, he wants Congress to
set the pay of every executive in the country. Today's assault will be just the beginning, according to Frank:
On CNBC early this afternoon, Frank said that the initial moves to limit pay and golden parachutes at firms which receive government help are only a first step. He said the current negotiations would also “lay the groundwork” for plans next year to place restrictions on executive pay on all US companies.
One of the most influential books I read as a young tot was Friedrich Von Hayeks' Road to Serfdom, in which the author, having had a close up and personal look at collectivism, both in the Soviet Union and Nazi Germany, warned that socialism led inevitably and logically to tyrany. Like Al Gore, Von Hayek won a Nobel Prize but I suspect that's the only thing the two men have in common. And I doubt that Barney Frank and his cohorts getting ready to pull this fast one on us ever read it, either. If they did, they're using its precepts as a roadmap to seizing power.
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