Rep. Barney Frank D-MA Chairman of the House Financial Services Committee believes that Washington, not you and your employer knows what you should be compensated.
Last week Treasury Secretary Timmy Geithner pleaded that Congress give to him expanded powers to confiscate private businesses.
Congress now wants to give Geithner the power to determine the pay of thousands of American Workers.
A complete take-over of private companies---yesterday Obama, the new defacto President/CEO of Government Motors, seized control of the ailing auto company, after long time GM CEO Rick Wagoner, was fired over the weekend.
Free Market Death Watch has begun. Capitalism is dying under Obama's watch.
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