Obama Orders "Decapitation" Strike

...against Citigroup, AIG, Bank of America, General Motors, and Chrysler. According to this report, Ken Feinberg - the "Pay Czar" - will demand that compensation at bailed out companies be reduced by up to 90% for the top 25 paid employees. This will assuredly cause many of these very valuable and talented executives to quit, thereby hurting their companies and degrading the value of the government's stake in each. But it is not the first time government has undermined its own interests looking to score some cheap points. I can't figure it out. Perhaps Dear Leader thinks that as his poll numbers slide, he has to hang some corporate executives in the public square in order to garner some populist points. With each of these heavy-handed moves, howver, he presses his heel down further on the neck of American business and erodes any sense of optimism or desire to take risk, undermining the economy as a whole. Or maybe he doesn't care, maybe he thinks he's got three plus years to pull himself out of the slide. I don't see it though. I think 10%+ unemployment is in the bag now and we won't see it sub-10% until 2011. Maybe (maybe) some sensible Dems can get him to stop digging, but I doubt it. There ain't any in the top ranks of the party and he apparently still doesn't listen to guys like Volcker (as savvy as Volcker is, he was played like a fiddle during the campaign, lending his credibility to an Obama who had none, only to be shoved in a closet).

Obama is profoundly and disturbingly dangerous to the US economy. Hold on folks, we're in for more tough times ahead.