"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Friday, July 31, 2009

SOCIALISM ALERT: Congressional Democrat POLITICIANS in House pass bill putting BUREAUCRATS in charge of exec' compensation of bailed-out companies

THIS IS MORE FREAKIN' SOCIALISM FROM THE DEMOCRATS:
The House approved a measure Friday that would put new constraints on executive pay, capitalizing on outrage over multimillion-dollar bonuses to Wall Street executives whose firms were bailed out by taxpayers.

The measure, which applies to any firm with more than $1 billion in assets, passed 237 to 185, with most lawmakers voting along party lines. The Senate will not take up a similar measure until after it returns from its August recess in September.

The bill, introduced by Representative Barney Frank, Democrat of Massachusetts, would let regulators ban risky incentive-based pay that could have an adverse effect on the financial system.

THE REAL ANSWER TO THIS PROBLEM IS SIMPLE:

  • THE FEDERAL GOVERNMENT SHOULDN'T BAILOUT CORPORATIONS;

  • IT SHOULD GIVE TAXPAYERS TAX-CUTS INSTEAD.

READ THIS TO FIND OUT WHY, AND TO FIND OUT THE REAL SOLUTION.

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