Are you feeling the love of Glorious Leader yet? If not, you soon may be. In an unprecedented (just how many times can we say that with one administration) power grab the United States Congress has moved to control the salaries of all employees working for companies that it has invested in. What does this mean actually?
Basically, if you work for any company that received TARP money, whether the company wanted it or not (and some were ‘encouraged’ to take the funds), then Treasury Secretary “Turbo Tax” Tim will get to make the call as to whether or not you are receiving the correct compensation for your services. It does not matter if you have a contract or not because the legislation will be retroactive. Yes, that is correct, Uncle Nanny will now decide if you make too much in salary, bonuses, stock options, or any other of a myriad of potential compensations you may be getting as dictated by the terms of your contract.
Bawney Fwank, resident weasel in charge, is the individual behind this fiasco. If it is not stopped, one can be rest assured that things will only go from bad to worse. Next up, remember, is the auto industry. Then, when carbon cap and trade threatens to bankrupt the coal industry, they will have a bailout forced upon them as well. Soon, I imagine, all of Energy will be governmentally dictated.
Can you say armaggeddon?
The revolution is at hand. Will you be a leader or a follower?