Mid Week Reading

31 Mar

porkulus1Night of the Living Death Tax: Obama’s budget quietly resurrects it in 2010.
The Wall Street Journal

Lawrence Summers, President Obama’s chief economic adviser, declared recently that “Let’s be very clear: There are no, no tax increases this year. There are no, no tax increases next year.” Oh yes, yes, there are. The President’s budget calls for the largest increase in the death tax in U.S. history in 2010.
Read more.

Beyond AIG: A Bill to let Big Government Set Your Salary
Bryan York, DC Examiner

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.
Read more.

Barney Frank to Dictate Your Salary
Chip Hanlon, Red Country

What else are we to make of pending legislation dubbed the “Pay for Performance Act of 2009?” What would this legislation do? According to a report from today’s Washington Times, it would allow government to set the salaries of all employees of companies which received any government funds. Read that again.
Read more.

Another Day, Another Scary Nomination
David Limbaugh, TownHall

As usual, President Barack Obama is multi-tasking the dismantling of the American system on so many fronts that not all of the outrages can be properly monitored. So while you should be mortified by his dictatorial power grab with General Motors, please don’t miss his recent nomination of former Yale Law School Dean Harold Koh as legal adviser for the State Department.
Read more.

Financial Rescue Nears GDP as Pledges $12.8 Trillion ($42,105 for every man, woman and child in the U.S.)
Bloomberg.com

March 31 (Bloomberg) — The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
Read more.

Netanyahu to Obama: Stop Iran—Or I Will
The Atlantic

In an interview conducted shortly before he was sworn in today as prime minister of Israel, Benjamin Netanyahu laid down a challenge for Barack Obama. The American president, he said, must stop Iran from acquiring nuclear weapons—and quickly—or an imperiled Israel may be forced to attack Iran’s nuclear facilities itself.
Read more.

See also:  Net Right Nation Must Reads

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