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August 14th is a date that may become a historically significant date. Not for the obvious reason, it was my birthday but it was the deadline for companies to submit compensation information to the Pay Czar. Since June, when he was appointed, Pay Czar, Wesley Mouch, oops I mean Kenneth Feinberg, has been hard at work interviewing the several companies whose executive pay comes under his authority.
My question is where did Mouch’s, oh I mean Feinberg’s, authority come from? I know he was appointed by the President and I suppose the President can appoint whoever he would like to advise him. But Mouch, ah Fienberg, is making rules not advising. At least cabinet members must have the Senates consent before they take office. In a letter to the Treasury Secretary, Dave Mitchum, oh I mean Timothy Geithner, Nancy Pelosi and Barney Frank said "Congress and taxpayers alike are rightly alarmed that companies would enrich their executives while deferring repayment of the federal financial assistance that helped them avoid financial catastrophe". So I guess Mouch, I mean Feinberg, has the authority to do what ever he wants since the Constitution specifically states that if the Speaker of the House and Barney Frank (yes the founding fathers mentioned Barney by name) write a letter citing the avoidance of a financial catastrophe any Presidential appointee shall have the authority to make any rule the appointee deems necessary, as long as the rule has no effect on any member of Congress. What you don’t think that clause is in the constitution? You want me to show it to you? How dare you. You are just another Astroturf mob member, a wing nut birther and someone who I will report to flag@whitehouse.gov if you don’t watch it. Now if we can move on to something more productive.
For now Mouch er Fienberg (I just don’t know why I keep getting these names confused) has the authority to set the compensation for executives of the companies that have not yet paid the government back for the TARP money they were loaned. I guess that I am ok with that because there should be some penalty for taking government money but what may happen next is concerning to me. The TARP companies will not be allowed to pay their people at the market rate while the non-TRAP companies can. Naturally the best and the brightest will leave the TARP companies and head to the non-tarp companies. With inferior leadership the TARP companies will not be able to compete causing them to lose even more money making them even less likely to pay back the government and possibly require even more government loans. This will infuriate Congress who will demand the CEOs appear before them to explain why things are going so poorly. The CEOs will blame it on the brain drain caused by their uncompetitive compensation structure. Congress will then turn to Mouch Fienberg whatever his name is and demand he level the playing field and that is when the Pay Czar will tell all of us how much we can be paid.
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This is what flag@whitehouse.gov will be used for: http://muslimsagainstsharia.blogspot.com/2009/08/mash-pamela-geller-internet-snitch.html
ReplyDeleteOn August 4, 2009 a post titled "Facts Are Stubborn Things" appeared on the White House blog. It contained the following paragraph:
"There is a lot of disinformation about health insurance reform out there, spanning from control of personal finances to end of life care. These rumors often travel just below the surface via chain emails or through casual conversation. Since we can’t keep track of all of them here at the White House, we’re asking for your help. If you get an email or see something on the web about health insurance reform that seems fishy, send it to flag@whitehouse.gov."
Every Fourth of July, we celebrate the Birth of the Nation. Every Fourth of August, we shall celebrate the Birth of the Internet Snitch Brigade.
How long do you think it took before the Internet Snitch Brigade expanded its reporting from something fishy about health insurance reform to Anti-American Activities? Just five days! Move over McCarthy; here comes Bill Warner. In the post titled "ASSASSINATE BARACK OBAMA PLOTS INCREASE TO 10 RACIST RIGHT WING BLOGGERS FUEL WHITE SUPREMISTS (sic.) SECRET SERVICE SHUT EM DOWN by Bill Warner investigator" Bill Warner writes:
"Articles posted on ultra right wings blogs like "Muslims Against Sharia" by Khamim Massoud such as Obama spies monitoring Jews house-to-house and Freed to Kill More American Soldiers: Taliban Thrives, Thanks to Obama Policy and "Atlas Shrugs Website" by Pamela Geller who posts articles such as "Obama backs Iraqi Terrorists: Iraq investigates alleged US-insurgent talks" are hastening the demise of Preisdent Barack Obama. ... The US Secret Service so needs to investigate "Muslims Against Sharia by Khalim Massoud and Pamela Geller for her Anti-American racist activities on her website, which she operates out of her Manhattan NY apartment, and her incitement to hate by others and the possible murder of President Barack Obama."
Yes, it only took five days to jump from snitching about dissent on health insurance reform to making up wild accusations about "incitement to hate by others and the possible murder of President Barack Obama." A quote attributed to Joseph Goebbels, a Propaganda Minister in Nazi Germany reads:
"If you tell a lie big enough and keep repeating it, people will eventually come to believe it."
Bill Warner may not be a good P.I. (as he claims to be) or not a good bar fighter and martial artist (as he claims to be), but he has certainly mastered the art of Nazi propaganda.