The Treasury Department is expected to formally announce in the next few days a plan to slash annual salaries by about 90 percent from last year for the 25 highest-paid executives at the seven companies that received the most from the Wall Street bailout. Total compensation for the top executives at the firms would decline, on average, by about 50 percent.

The sweeping decision, though, came from Feinberg and not from President Obama.

One official told Fox News that Feinberg from the start had the independent authority to work with companies and make such a call. Obama was never required to sign off before final decisions were made.

The White House does not consider the 90% pay cut as a punishment, but merely an incentive to ‘get right’ with their responsibilities to the public. I believe the pay cuts ARE a punishment and as such should be the result of a legal process, not a Presidential fiat. But they’re not satisfied with just going after Wall Street — Banks are next on the list:

Judge Andrew Napolitano, Fox News judicial analyst, said the government is embarking down a slippery slope.

“If bankers don’t challenge this, if they supinely accept it out of fear of what the government will do if they do challenge … then you have a nation of sheep,” he said.
…
Jonathan Turley, law professor at George Washington University, said in an e-mail that the companies’ debt allows the government to put “considerable pressure” on them.

He said imposing restrictions after the fact, as opposed to on the front end of the financial aid offer, creates “serious legal issues” over a lack of authority. But he said the seven firms are unlikely to challenge the mandate.

Feinberg has claimed broad authority to regulate executive pay and has already notched major victories.

…critics said Congress was potentially in conflict with Article I of the U.S. Constitution — particularly a section stating Congress cannot pass any “Bill of Attainder” — an act of the legislature that singles out and punishes a group or individual without trial.

In this case, Congress is not the entity making the call — Feinberg is.

So let’s see…

• Mr. Feinberg was not elected.
• He was not vetted in public and the Senate did not have an opportunity to hold hearings on his fitness for the office of ‘Pay Czar’
• The CEOs have not been charged with committing crimes and have never been arrested for anything.
• The CEOs have been denied the ability to have their day in court. No public ’show trial’ will be held to air out the CEO’s high crimes and misdemeanors.
• Mr. Feinberg is not a judge nor a jury yet he can meet out punishment for perceived crimes.

The new Marxist

Seems we are definitely moving towards a lawless dictatorship where the Constitution is merely a hindrance to this Administration.

What the hell? Why does Ford have to be such a pandering weenie? This is the ad they should be running:

Buy Ford. Keep America out of Obama’s hands.

A soldier who is a patient in the hospital came out to visit us. Nothing new there.

He went down to the Pinkos and talked to them, too. Ditto. Nothing new.

When he came back up to the “right” side, I went over to say “Thank you” and to talk. Still nothing new.

Then, the bombshell: This soldier was at the White House yesterday and came face to face with Zero and .. refused to shake his hand!

Part of me thinks his action was disrespectful, but this warrior has the right to express his opinion and that was certainly a powerful way of doing so. What cojones!! I’m so proud of him… *sniff*

I got an apology, I’m sorry for all of those who have lost loved ones during 9/11 and while kicking ass in Iraq & Afghani.. I’m sorry we didn’t come with the entire Marine Corps and stomp the shit out of all terrorists in the country sooner. I’m sorry, If our M1 tanks and low flying F18s bother you as they hunt you scumbag terrorists down. I’m sorry we haven’t constructed a Wal-Mart chain in your country and show you what capitalism is really all about. I’m not sorry to call this war a War on Terrorism. I’m not sorry for all of the evil scumbags we help meet Allah. I’m not sorry for any of the terrorists about to be set free out of Guantanamo. I’m not sorry to tell any drug infested waste of air drug lord that we will hunt you down next and I’m not one bit sorry or going to take blame for our amigos to the south for their lack of intestinal fortitude to stand up to the drug lords.

You said a mouthful, Maj Pain!

For far too long Crye’s site has been under construction or something and the T-shirts were not available. You could find them on ebay for 35$ or more!

Well, they’re finally back! Go check out Crye Precision for all your Major League Infidel merchandise!