Beyond AIG, Frank is now working on a bill to let government set your salary via Politicians, they don’t have a gosh darned better thing to do now except to screw with your income earning capability.

But now, in a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees – not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.

Geithner will have the authority to decide what pay is “unreasonable” or “excessive.” Hey, guess who gets to develop the evaluation method?

The Treasury Department gets to come up with a method to evaluate “the performance of the individual executive or employee to whom the payment relates.”

Obama, the nation’s CEO. (Never ran anything in his life, but what do I know?)  Transparency on TARP?

Big government…Obama forced the resignation of one CEO.  Now his replacement thinks bankruptcy is a good idea.

Via Hot Air, the new CEO appointed by Obama:

Fritz Henderson…wants to declare bankruptcy.

So, why do we need these smart people in government running business?  All that $$$.  Now what?

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