As was reported today, Barack Obama is expected to announce Wednesday a series of new pay limits, including those for executive pay, for companies receiving significant amounts of bailout money. Obama is scheduled to make the announcement alongside Treasury Secretary Tim Geithner at the White House.
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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.
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