The Obama administration is reportedly set to announce a plan that would cap executive pay and end bonuses at firms receiving future taxpayer bailouts. The New York Times reports an executive at a bailed-out company could make a maximum $500,000. However, the caps would not be retroactive and would only apply to future bailouts, not the money already disbursed. The move would come days after it was revealed Wall Street firms paid out more than $18 billion in bonuses last year.
While it should go without saying that even a legitimate President's "ordered" $500,000 pay cap is an unenforceable intrusion into the private sector, as if that weren't enough, Obama LACKS EVEN OSTENSIBLE AUTHORITY to issue the order UNTIL HE OVERCOMES "RES IPSA LOQUITUR" BY SUPPLYING HIS LONG FORM BIRTH CERTIFICATE AND PROVING HIS ELIGIBILITY TO BE PRESIDENT UNDER ARTICLE 2 OF THE US CONSTITUTION.
Are you kidding me about the birth certificate issue? Is anyone in congress still on this issue or is it just those who have always opposed him as President?