If this isn't socialism I don't know what it

Actually this is borderline communism. But would any of us expect anything less from Barny Frank? Not only does he want to set the pay for top executives he wants to set the pay for all employees.

It was nearly two weeks ago that the House of Representatives, acting in a near-frenzy after the disclosure of bonuses paid to executives of AIG, passed a bill that would impose a 90 percent retroactive tax on those bonuses. Despite the overwhelming 328-93 vote, support for the measure began to collapse almost immediately. Within days, the Obama White House backed away from it, as did the Senate Democratic leadership. The bill stalled, and the populist storm that spawned it seemed to pass.

But now, in a little-noticed move, 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.

It starts here...lets limit the pay of employees from companies that take government money. of course the government shouldn't be bailing out any company in the first place, but that is a whole other argument. But how soon until he wants to set the pay for everyone in the United States? Sounds crazy? Well it is crazy, but would you put it past Barny Frank?