Grayson’s ‘Pay for Performance’ bill whips up the rightwing nutjobs.
Crooks and Liars has a great video up of the wingtard Michelle Malkin on Fox Noise. It addresses the the bonus structure of companies that get taxpayer funds. The rightwingers are foaming at the mouth since the bill has now passed the house. From C&L:
The bill adopted by the House on Wednesday would bar companies that received a capital infusion from the federal government from paying any bonus or other compensation that is “unreasonable or excessive” as defined by the Treasury, until they had repaid their bailout money to the government.
The companies would also be barred from paying any bonus that was not “directly based on performance-based measures.”
A spokesman for the Senate majority leader, Harry Reid, Democrat of Nevada, said his party would study the House legislation along with other proposals and would decide how to proceed “over the next few weeks.”
I love that Malkkkin is losing her mind over this. Warms the cockles of my little black heart!