The House Financial Services Committee, headed by chairman Barney Frank, just passed a bill (all committee Democrats voted for it and all but 2 committee Republicans voted against it) permitting it to proceed to the House for a vote to make it law. The “Pay for Performance Act of 2009″ would enable the Treasury Department, headed by Secretary Timothy Geithner, to set the salary of EVERY employee working for ANY company that receives a capitalist investment from the U.S. government, INCLUDING the ability to supercede existing contracts and compensation/salary agreements as the Treasury department “sees fit”. Look’s like Barney Frank and his liberal buddies are well on their way to making every one of us a ward of the “state”.
See the entire Washington Examiner story here…
http://www.washingtonexaminer.com/politics/Beyond-AIG-A-Bill-to-let-Big-Government-Set-Your-Salary-42158597.html
Timothy Geithner, Treasury Secretary, opened the door with his statement on Wednesday when he said he was “quite open” to considering a global currency standard which would, in effect, eliminate the U.S. dollar. In response to this statement, which, incidentally, represents a totally reversal of Geithner’s opinion on this topic as stated in direct response to her public question to him on Tuesday, Senator Michelle Bachmann (R-MN) has offered Congressional legislation in the form of an Amendment to the Constitution which would limit the powers of the President and his Administration from unilaterally entering into any agreement that would supplant the United States dollar with some other international currency.
The amendment as stated: “The president may not enter into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States.”
Here’s the entire Newsmax story…
http://www.newsmax.com/insidecover/bachmann_global_currency/2009/03/26/196596.html?s=al&promo_code=7D0B-1
As you know, the Obama Administration has been throwing around alot of huge dollar amounts in their proposals for bailouts and budgets. In line with 50 being the new 40, I guess trillion is the new billion?
Anyway, here’s a link to a site that does a good job at putting this into visual perspective…
http://www.pagetutor.com/trillion/index.html
It appears the Obama and Geithner families know one another. Maybe this is why Timothy Geithner has become that “must have” economic expert that President Obama required as Treasury Secretary because no one else was qualified to save us.
Read this article from “The Chronicle of Philanthropy”…
http://philanthropy.com/news/government/index.php?id=6453
