Pay For Performance Act of 2009 | Destroy All Salaries!

“An outrageous federal power grab”

The Obama administration has garnered some praise and faced significant heat for the way in which it has handled cash advance bailouts and faced down executive bonuses. I hope they’re prepared for citizen revolt and the necessity for martial law soon, however.

That’s what they’ll get if the Pay For Performance Act of 2009 legislation makes it through as it is currently conceived. All of you know what will break loose. Clarice Feldman blogs for American Thinker that the United States government wants to regulate ALL pay levels, not just those of executives. She cites Byron York’s recent piece in the D.C. Examiner:

The House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.

The measure is not limited just to those firms that received the largest sums of money, or just to the top 25 or 50 executives of those companies. It applies to all employees of all companies involved, for as long as the government is invested. And it would not only apply going forward, but also retroactively to existing contracts and pay arrangements of institutions that have already received funds. ... click here to read the rest of the article titled "Pay For Performance Act of 2009 | Destroy All Salaries!"

Of Crossword Puzzles and Red Wine – A Study in Economics

How to stay normal when the whole world is crazy

How is it possible, I ponder, as I fill in the C, that the answer to the clue "Warm up" in the New York Times crossword turns out to be 'DEICE'? One of these days, I promise myself, I will get myself a No Fax Cash Advance and buy myself a new crossword dictionary, one with all the latest words, like DEICE which means 'Warm up.' I am sadly out of date and lagging behind in my English.

"We're going shopping!" The cry comes from the kitchen. I look around. There are only two of us here and WE'RE going shopping? The penny drops and I unwind from the couch with a grand operatic groaning performance.

Sunday night in the supermarket? "They've got specials for one night only!" And the whole town knew about it except for a few crossword fans who were busy with the really important stuff. The supermarket is standing room only. "DEICE" meaning 'Warm Up'? Oh you idiot, I tell myself. It's DE-ICE and everyone turns to see who is shrieking with crazy laughter. Of course it's DE-ICE. Serves you right. Now you are consigned to the supermarket. May as well be positive. Anyway DE-ICE wasn't exactly fair. The clue should have indicated that the answer was hyphenated. What's on sale? ... click here to read the rest of the article titled "Of Crossword Puzzles and Red Wine – A Study in Economics"

A 3-Minute Survival Course for Economic Mayhem

Don't get swept away by something you don't understand

Call it what you like – tsunami, implosion, melt-down or earthquake, it all amounts to the same thing -a devastating happening right in the middle of a system we had built and used successfully for many years. Then came the blow. Do you remember when an undersea earthquake ripped up a piece of the ocean bed and caused that gigantic and fatal tsunami that caused havoc and death in the Indian Ocean in 2004? Do you remember how the world was stunned by the devastation? It triggered aftershocks and other earthquakes around the globe and it all happened in a very short amount of time.

Devastation grew and grew

I remember hearing a radio news broadcast at about 9 in the morning reporting half a dozen deaths. By lunch time the number of deaths was up to 150 and at 8 that evening the news reported a "few hundred." Final count: more than 225,000 people in eleven countries.

I knew people in one of the devastated areas and I took a hurried Cash Advance to buy a shortwave radio to keep up with the news.

The force of the eruption

An event of this type takes shape over a period of time and then erupts with incredible force. What happened to global economies this past year is similar; it had been brewing for some time. When it hit, it was like a tsunami which caused other economies to start crumbling as well. The domino effect. We are all familiar with that scenario. But now we have to deal with it. ... click here to read the rest of the article titled "A 3-Minute Survival Course for Economic Mayhem"

No ACORN Should Be Left Unindicted (4)

Trying to make lawlessness “social justice”

This concludes a four-article series regarding ACORN and its connections in politics, big money and abuse of the taxpayer’s trust. It can be argued that no one entity has brought the American economy to its knees without a cash advance, but ACORN and organizations close to them like Self-Help, Inc (which includes Martin Eakes‘ Self-Help Credit Union and the Center For Responsible Lending) have contributed mightily. If you missed the early parts of this article, here are parts ONE, TWO and THREE.

…Their action convinced state attorneys general to sue Household, which eventually forced the finance corporation to pay $484 million to borrowers. In a separate suit against Household, ACORN walked away with a $150 million settlement.

But what of the Sandlers?

ACORN made their “Robin Hood” play for public affection by bleeding Household’s coffers. But will they do the same to their own allies - Herbert and Marion Sandler - who are as responsible for abusive mortgage lending policies as anyone in the country? They assisted the prosecution before - will ACORN be consistent here or prove themselves to be self-interested grandstanders?

It’s no surprise that ACORN isn’t helping send their (and the Center For Responsible Lending’s) best buddies up the river.

Care to rethink that, Ms. Lewis?

Bertha Lewis declined to comment on Anita MonCrief’s article when asked for direct comment, but her Huffington Post piece clearly outlines ACORN’s position. Bertha Lewis continues ACORN’s battle chant: ... click here to read the rest of the article titled "No ACORN Should Be Left Unindicted (4)"

Hey Bloggers!

Just wanted to give a shout out to the blogging community! I hope everyone finds my blogs useful and entertaining and I look forward to reading your blogs as well!