Thursday, April 2, 2009

www.washingtonexaminer.com >> Politics

www.washingtonexaminer.com >> Politics: "During an impassioned debate on the House floor Wednesday, Democratic Rep. Barney Frank characterized Republican opposition to the Pay for Performance Act as a manifestation of 'a psychological disorder' and compared GOP lawmakers to 'kids who have had a toy bear or a security blanket' taken away.

The Pay for Performance bill, whose details were reported Tuesday in the Examiner, would impose government controls on the salaries and bonuses of all employees -- not just top executives -- of companies that have received capital investments through the Troubled Asset Relief Program and other federal measures. The bill would give Treasury Secretary Timothy Geithner the power to determine whether those salaries or bonuses are 'unreasonable' or 'excessive.' Geithner would also have the authority to draw up a set of 'performance standards' that the covered companies would be required to use to calculate bonuses and retention payments."

This guy is NUTS

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