Americans are living in what Confucius might term interesting times.
Legislation that in earlier days might very well have sprung from the mind of Benito Mussolini or Fidel Castro is being debated on the floor of the House of Representatives right now. (live video stream available at CSPAN)
The bill, HR1664, is sponsored by Rep. Alan Grayson, and would impose limits on compensation for “all employees — not just top executives — of companies that have received a capital investment from the U.S. government,” in the words of Byron York of the Washington Examiner.
Grayson is a member of the extremist Congressional Progressive Caucus, which until fairly recently was run by Rep. Barbara Lee, a Marxist who once betrayed her country. (Lee was co-chair of the CPC with fellow California Democrat, Rep. Lynn Woolsey, whose primary qualification to be a congresswoman is the fact that she was once a single mother on welfare.)
This Mussolini-style corporatist legislation handing President Obama’s bumbling Treasury Secretary Timothy Geithner extensive control over salaries of employees who work for businesses that take in government bailout funds was approved by Barney Frank’s House Financial Services Committee last week on a 38 to 22 vote.
Grayson appeared on Fox yesterday and evaded question after question about this MASSIVE power grab of a bill, but Neil Cavuto wouldn’t put up with it and ripped him to shreds. Watch the clip:
Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://thespectator.com/world.