Monday, March 30, 2009

Gv't to seize retirement accts?

PAY FOR PERFORMANCE ACT: This would impose government controls on the salaries of ALL workers, not just the executives, of all companies that have received bailout money from the government. It would give Treasury Secretary Timothy Geithner, who has never worked in the business world, extraordinary power to determine the pay of thousands of employees of American companies. Barney Frank has stated that he would like for this salary cap to be controlled by government for ALL American companies... I say it would be good if we citizens, for whom our Congressmen work, could tie Congress's salaries to its performance ..... There is now mounting evidence that the brakes are being applied on this proposal. As Representative Spencer Bachus of Alabama noted, "There's no question we need more performance-based pay decisions, but the government deciding and judging the performance of employees in private companies, the secretary of the Treasury deciding whether an employee is performing? I think not. The answer is not a dramatic expansion of government control." Do keep calling your Congressmen!

Democrats in Congress have been conducting hearings on proposals to confiscate private retirement accounts and turn them into government-controlled accounts managed by the Social Security Administration.

Using an Executive Order, President Obama has quietly signed a pro union executive order , comanding the use of union labor for federal construction projects. It is a move to reward his campaign backers, and undermines Obama's promise to change Washington. Republican National Committee's President, Michael Steele says, "It is nothing less than a payoff to the unions who supported his campaign with both money and troops".

During a House Judiciary committee hearing, it was revealed by an ACORN whistleblower, Anita Moncrief, that the NYT withheld evidence that Barack Obama was interacting with voter-fraud tainted ACORN, his previous employer, during his campaign. They did not run the story because "it was a game changer" [for the election]. U.S. Rep. James Sensenbrenner, R-Wisc. said the interactions between the Obama campaign and ACORN possibly violate federal election law.
Ms. Moncrief said that the campaign had asked her and her boss to “reach out to the maxed-out donors and solicit donations from them for Get Out the Vote efforts to be run by ACORN.”

The dollar tumbled following naive Timothy Geithner's response to China's call for a new global currency [away from the dollar]. Geithner actually said he was "quite open" to their suggestion! Following great dismay from Americans, he quickly learned that it was an inappropriate response and took back his words. He's still learning on the job.....

1 comment:

  1. Re Social Security - as a child of parents who passed away very young, I decided to go ahead and apply for my retirement benefit. I could be making a mistake if I end up living to be 90 but then, I would be very upset if I die in a couple of years or wait and then get sc_ _ wed by the government after all!