Tuesday, October 27, 2009

Wage, Price and Business Controls are Here

Czar Feinberg sets compensation for a bunch of corporate executives.  Wage controls.  (And funny because it's supposed to rein in "dangerous risks" which are absolutely not defined by any stretch of any Rule of Law.  They are capricious and arbitrary.  Revenge for success?)  Couple that with rules announced October 22, 2009 by Obama's Federal Reserve and Obama's Treasury Department that will limit and change pay packages at thousands of financial institutions and you get...Wage Controls.

The U. S. House of Representatives also on Thursday, October 22, 2009, voted to create a new federal agency to "police" -- control -- financial products offered to U. S. consumers, this courtesy of the Obama White House's initial draft.  The new agency perhaps to be named ObamaControl Agency would have the power to investigate widely and punish brutally any company from one-man payday loan shops to the mighty (well once mighty, until the U. S. government brought it low) Bank of America and any other company it wants to get.  Price and Business Controls.  Excepting only the biggest campaign contributors and lobbyists such as auto-dealer-financiers.

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