Does anyone still maintain that these people are not socialists? Barney Frank with today’s giant lurch towards collectivism:

Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.

“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.

Yes, you read that right. He’s talking about a national maximum wage. If you don’t understand why this is a bad thing, I implore you to read Economics in One Lesson by Henry Hazlitt, now freely available on the web.