[Hoot Gibson]

Private Employee that was bailed out by the Us Government.

You still don't get it, do you? Even the Obama regime recognized that it would be unconstitutional to try to change the terms of existing contracts, so they did not do it. That is why so many executives did receive large bonuses even after the bailouts. You, on the other hand, said you believe that the president should, like some banana republic dictator, be able to arbitrarily reduce the salary of private employees.

Our president is not a dictator and Congress does not have the power to pass legislation that would allow Obama to interfere with existing contracts. That would require a constitutional amendment.

The bailout funds have been used as leverage to negotiate voluntary reductions in bonuses to avoid violating the Constitution as you would have Obama do. If the recipients of those bonuses decide to refuse the cuts and then switch jobs after collecting them, then there is nothing that the feds can do legally to stop them.

As I said, the kind of power that you seem willing to give a US president is scary. Fortunately, we have a written Constitution and a majority of Supreme Court justices who still understand its importance.