Posted on 03/22/2009 4:11:23 PM PDT by Starman417
The daily power grab is just breathtaking... As the gullible media and citizens whine about AIG and bonuses, the behind the scenes fallout of Obama'nomics is reaching unbelievable heights.
These include a proposed budget being short over a trillion A spending plan Obama appears unwilling to abandon.
Then there's the first time that the UN and Euro nations have decided to officially recommend dumping the dollar as the world's reserve currency.... a position they think is necessary with the spending and borrowed debt in the US future.
There's the cap and trade bit, where Obama's estimates of the costs to the gullible US voter is only a third of reality. The downpayment on healthcare reform is less than half of what it needs to be... and even that figure isn't accurate.
Meanwhile Congress and Obama kick out laws like the Octomom kicks out babies.... each one a knee jerk reaction and an attempt to fix what they broke. For example the insidious 90% tax on bonuses for any recipient employed by a company that took over $5 bil in bail out monies. This, of course, includes the banks who didn't want the cash, but were strong armed into it by the Obama admin economic thugs.
Not enough? There's the Obama proposed "resolution authority" giving the Treasury Sec'y the power to seize other financial institutions if he/she thinks they are a threat to the US economy.
And to make sure he can shovel all this crap, and more, down the US taxpayer throats, he's prepared to make vast use of the budget reconciliation process" that cuts out bipartisan input, and only requires 51 Senate votes to pass. This gives Obama a cushion of eight Democrat renegades, and still enjoy passage.
The O'faithful, determined to believe that Obama still governs "from the center", don't seem to be digesting all the events very quickly. So let's pile on one more power grab... the latest and greatest chapter from the rapidly expanding Obama version of Mein Kopf comes from Steven Labaton at the New York Times today... Administration Seeks Increase in Oversight of Executive Pay.
Oh, but the O'faithful will say... if we are going to take over ownership... but of course we aren't "nationalizing" anything... of institutions, we *should* control their pay. Afterall, any bank exec now has a cap of half mil if they took bailout cash.
But wait... this isn't about bailed out companies. This is about any bank or financial institution. You might want to say that Obama supports not only minimal wages, but maximum wages. And the the way it's going to be proposed can also be applied broadly to *all* publicly traded enterprises.
whoa.....
(Excerpt) Read more at Flopping Aces ...
Does anyone follow these regulations? A couple of months ago charity shops and libraries were in a tizzy about the new regulations that went into effect the first of March that would basically prevent them from selling used toys or children’s clothing and would requie every library in the country to test its collection for lead.
The regulation didn’t change but it seems nobody is following it anyway.
As this deranged, Communist, pathological, narcissist attempts to destroy the very heart and foundation of this once great country............ does anyone think for one second that he would do any of this if he didn’t think he was set for life to be a multi millionaire, to get the best health care, etc? HELL NO he wouldn’t. I can’t stress I much I detest this little sob and I cannot wait until he is out of the WH FOREVERRRRRRRRRRRRRRRR.
When there are actual dollars involved, which the government can grab, you can bet the government will force people to “follow these regulations”. This is terrifying.
“...rapidly expanding Obama version of Mein Kopf...”
“My Head”?? Methinks he meant “Mein Kampf”
Nope. He got it right. Think expanding head as in ego.
Thanks! Now it makes sense. I should have seen that.
God help us.
On the other hand it might be interesting to see how many of these bankers managed their own money and can survive with a massive pay cut. Not advocating just expressing a thought.
That is why we call him Zer0. He has zero clue how this country works (this is also true of the minions of his supporters).
This is crazy!
The high flyers are the ones doing to deals and trades that make the revenue. They can do it anywhere. They can simply borrow the capital for the trades from the banks at 6%, instead of letting the bank earn the returns on them.
Bernanke hinted at this when he spoke of the "danger of misaligning incentives". There is a reason these people earn what they earn. If you don't pay them, you don't get their work for less. They pay themselves and simply cut you out of the picture entirely.
This guy needs to go. He is not America
I would ignore everything he puts in place (not ignore in the sense of not paying attention, but ignore on the idea that he can't possibly enforce half the crap he's trying).
This marks the end of New York City as they have know it.
He’s going to whacked on his arse pretty hard. These are not the freeloaders he’s used to dealing with.
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