Pay Czar: Pay caps - not only for bailed-out companies

You hear about the pay caps for any company that tool any bailout money? You know, taking away the LEGALLY-CONTRACTED and APPROVED BY CONGRESS bonuses for executives who decided to accept a bonus INSTEAD of salary? The bonus they EARNED by MEETING the goals set by Congress? And that if they had not met the goals, they would have only made one penny for the whole year of work?

Well, they met the goals. They earned the bonuses. And the "Pay Czar" is now wanting to take the bonuses away anyway.

But wait - there's more!

These caps don't only apply to the banks that took bailout money. They can apply to all banks, whether or not they were bailed out.

But wait - there's more!

These caps can apply to ANY COMPANY that is deemed to affect the stability of the country. You know, like Walmart or GE?

"And if you act now -"

These caps DO NOT apply to everyone equally. The Pay Czar can choose who to limit and who to not limit.

On the one hand, Walmart has often been criticized by members of Congress and the administration. Some suggest these criticisms are targeted at them largely because they have repeatedly rejected unionization, and the President is - admitted repeatedly - very closely aligned with the largest union, SEIU. You know, the group that causes unrest at healthcare town hall meetings? And tries to make it look like it's the people against the healthcare plan causing the problems? Even while SEIU members are biting people's fingers off? Yea, those people. The President is VERY closely associated with them, and has said - repeatedly - that he consults with them on everything.

On the other hand, GE is closely associated with the Presidential administration, and several top executives have been appointed to plush positions. Guess whose pay is NOT getting capped?