Wednesday, January 06, 2010

Pay Czar's Regret: Limits to My Power

Pay Czar Kenneth Feinberg revealed today in an interview with Bloomberg that his only regret was that he couldn't dictate the pay at more companies.

“The biggest disappointment, I think, is that under the statute my jurisdiction is so narrow, and so circumscribed, that I have no real direct mandatory power over other Wall Street or other national companies”

Direct. Mandatory. Power. Over. Companies.

That is socialism folks - the economic system that gives lucky citizens electricity shortages and famines - distilled into five words. Kudos to Feinberg for not hiding his true views, unlike most liberals who whine and scream bloody murder when you call them socialists, which, based on the five words above, Feinberg is.

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