He was the main sponsor of "Pay for Performance Act of 2009." Basically, it says the government would impose pay restrictions on all employees, not just top exec's, at companies that receive any aid from the government.

Here is a clip of Grayson debating with Neil Cavuto on Fox, and it's hard to believe but I think Cavuto comes off looking way better.

Basically, Grayson says the bill is supposed to cap any "unreasonable" compensation. Cavuto asks who defines unreasonable, and Grayson says the Secretary of the Treasury. So, here we have bill with no limits on it being left solely in the hands of the Treasury. Why did the Treasury ask for $700B when asking for the amount they wanted to give out in the first bailout? Because they wanted a really "big number." Why on earth would we leave something in their hands rather than Congress's?

There's also this comment made Taibbi made about an argument he had with Grayson before Grayson was in Congress:

In his capacity as an attorney he once basically threatened to have me dismembered and have my body parts dumped in a tin canister and fired into the center of a burning supernova. And that’s actually underselling the real language he used. We were having a disagreement about the use of information given to me by a certain source in a story about military contracting, and in the middle of what had been a normal contentious argument between two sane adults, dude suddenly assumed this crazy monster-voice and just went medieval on me. He was roaring into the telephone about how he was going to crush me, how I was going to wish I had never messed with him, how I didn’t know who the hell I was dealing with, and so on. One phrase I remember in particular was, “I am going to strip the bark off of you!” It came totally out of the blue and it was like being on the telephone with a metamorphosing werewolf — the whole performance genuinely freaked me out. I may even have peed a little, I can’t remember.

I'm glad Grayson is raising a ruckus, but I'm keeping an eye on him.

Access bloggers have nice cushy jobs so high unemployment and mounting debt isn't so much of a concern. Plus, they probably got a nice new trendy hybrid with the cash for clunkers program. What else do you really need?

Rep. Grayson is less than 10 months into his freshman term as a House member. As I understand it, only the House leadership, Committee Chairs and Sub-Committee Chairs can decide to hold hearings. (I might be wrong about that.)

There may be 303 co-sponsors of Rep. Paul's "audit the fed" bill now, but Grayson was among the first Democratic co-sponsors. In the video here Grayson identifies himself as the first Democratic co-sponsor of HR 1207.

Grayson deserves a lot of credit for exposing the fact that Fed Inspector General Elizabeth Coleman was not keeping track of the trillions of dollars Chairman Bernanke has been shoveling out to the private sector. Clearly, Grayson has been way ahead of Speaker Pelosi and Chairman Frank in this matter.

he is one ofthe primary co-sponsors of a very useful amendment to the CFPA. He was also one of the primary sponsors, along with a lot of other newbies, of legislation that would have required Treasury to have an open auction of warrants back to banks that received TARP money.

Grayson is a freshman Congressman and to expect him to have passed legislation, which is dependent on committee chairmen to get to the floor, or hold hearings, which he can't do, is not realistic, IMO. What he has done is co-sponsor helpful pieces of legislation. Don't underestimate the red meat. By throwing it, I think he's opening up the space, along with other freshmen like Marcy Kaptur, for more liberal, anti-corporate views to be heard. And he's getting press for it, which is good, IMO. His red meat style gets covered by the press and we desperately need populist, liberal voices now to answer the faux-populist crap Fox is peddling. You can't move the overton window without people like Grayson throwing red meat, ask Newt Gingrich.

What's more, I predict Grayson is going to benefit politically from his speaking out and that will encourage more Congressmen to speak out because they will see they'll be rewarded for it. He and Marcy Kaptur are doing us a wonderful service by criticizing the Congress and taking up the populist mantle. They have different styles, but both are extremely useful in moving the debate forward.

In sum, I'd say Grayson has done about as much as a freshman congressman is going to be able to do on a lot of these matters. He's not perfect, but I don't think it's fair to cast him as some sort of do nothing.

he's worth the money-bomb just for entertainment purposes. Nothing else worthwhile is likely to get done with this batch of Dems.