I did not vote for Obama because I did not believe that he had any real experience to bring to the table. As a conservative, I was not entirely thrilled at the prospect of McCain as the only alternative either but sometimes you have to choose between the lesser of two evils. At least McCain showed some integrity in that he did what he said when it comes to campaign finances. He accepted public funding and was limited in what he had to spend on the campaign. On the other hand, Obama had agreed to take public funding but (perhaps as a harbinger of things to come) did exactly the opposite and instead privately raised over 800 million dollars during the campaign so that he could outspend the competition and effectively purchase the White House.
Obama is two faced. He talks about giving tax breaks to 95% of the middle class, yet his administration is now proposing to raise the gasoline tax by ten cents, and also add a miles driven tax. That's right, they are not going to rest until they wring every last dime that they can get out of you saps that willfully donate by living your lives as you normally do. Our freedoms are under attack by the radical agenda of the left and they are winning!
Obama's budget is astounding. In it is the death nell of capitalism. It will kill the real estate business which is already on life support because it removes the incentive to purchase with its well thought out class warfare idiom of removing the tax write off for home mortgage interest! Who will put any skin into the game when renting will give them more flexibility? There is no advantage to owning anymore with Obama's budget. He is a Marxist that is against everything American. His goal is to kill the American Dream of home ownership and he is off to a great start folks. And all his talk of reforming health care is an eminence front for taking more of your money and freedoms away from you! His idea of taking away the deduction for charitable contributions is not only a direct assault against organized religions, but against all charities that help fill in the gaps where politics has failed previously including, not for profit hospitals! Most of the major hospitals in this country operate as not for profit organizations. So they will suffer a huge loss in donations and will have to cut back on services, research projects, innovation, expansion and growth. Now I ask you, is that the "hope and change" that we can believe in? Is that the hope and change that we need? Is that real reform for health care?
Obama's brand of hope and change is to take our world leading medicine and choke it down to third "world status"! that's not the hope and change that I want! How about you? Welcome to Obamatopia, where the elderly and sick wait for the bureaucrats to dole out meager hope in measured doses as the politicians hope and pray that they die before they actually have to pay out for any semblance of care that would be rendered at a run down, outdated and dilapitatd hospital. You damned obamanoids deserve what your going to get because you were warned by loud voices on the right and still you installed this clown in office. Enjoy your crappy health care that costs everyone else more money than we can possibly afford.
Joe the plumber had it right folks; Obama's plan to "spread the wealth around" is like the little scroll that the apostle John was instructed to eat from the hand of the angel. It tasted sweet as honey in the mouth but sours the stomach once swallowed. Well we swallowed it damn it! We elected the most radical, leftist, Marxist Chicago thug of a politician to the highest office in the world. think I am kidding? Look at the ridiculous three ring circus that is Chicago politics with a deposed Governor of Illinois (a criminal who was big on ego and "pay for play") and his lackey, Roland Burris whom he appointed to fill Obama's vacant senate seat just before he got canned. And Obama's political career was incubated there. Do you honestly think that he is any different? He is as crooked as they come, and he is a Marxist. He is all about punishing success, and rewarding failure. He wants to keep all opposition as dependent upon the government (upon him) as possible because that is how despots hold onto power (witness Hugo Chavez)! Keeping them dependent assures his reelection for a second term.
First we had him handing off the writing of the "stimulus bill" to that kook Queen Nasty (Nancy) Pelosi who larded it up with all the pork she could cull from her leftist colleagues in the house that they were unable to get passed over the past 40 years, then Obama trumps that with his back breaking budget. It boggles the mind. How stupid is this guy? Raising taxes during a deep recession, removing the incentives to take risk and invest in business or our personal wealth building activities, talking all about doom and gloom for years to come is not the way to inspire confidence. Maybe Obama should take a lesson from Bush. Bush was a cheerleader. He was an eternal optimist. When he spoke, albeit fumbling with words often, but the substance of his message was clear and hopeful.
I hope that those Republican Governors do refuse to take any of that preposterous stimulus money. Obama is not a uniter, he is a divider. He is an ideologue that has no real world experience and it now shows. Mark Levin is absolutely right, this hack is out to destroy the capitalistic system of the free market. That is his goal because he is a Marxist. He wants to "rebuild" our union into the "Marxist States of America". He wants to "remake" our constitution into what suits his agenda. He wants to "reform" the best health care system in the world into a "third world" class operation where rationing of health care is the norm. He wants to "spread the wealth" by taking more from people who actually work, and giving it to those who are unwilling to work. He is a MARXIST!
Friday, February 27, 2009
Monday, February 23, 2009
Violence in the Hood.
This past Thursday a young african american man was shot to death by the Pontiac police. It happend at 3:59 in the morning in the parking lot of the appartment building right across the street from our house. I was lying awake when I heard shouts and then two double taps. Four shots from the officers service weapon rang out in rapid succession. Then it was quiet. I grabbed the cell phone off the nightstand and dialed 911. After about 10 rings the operator answered and asked "what's your emergency?" As I explained that I just heard four shots, she cut me off and asked rather wryly, "Are you on Dwight?" I said yes and she stated that the police were already on the scene.
I got up and went to the window and saw seven police cruisers in and around that parking lot on the corner with lights flashing. There was a minivan in the parking lot that was facing our window and the rear passenger side door was open. I could see that the window had a hole in the center of it where the bullets had entered the vehicle. The Oakland Press newspaper on Friday reported that four shots were fired into the vehicle and that three of them had struck the victim. His body lay motionless on the pavement out the drivers side rear door.
The victum was just 22 years old and already had a long criminal history. Just a week before he had been arrested and released on a concealed weapons charge! He had a gun in his hand and was raising it up to point it at the officer that was approaching the driver's side of the vehicle. The two officers were responding to a domestic disturbance call in that parking lot and were attempting to question the occupants of the vehicle when the shooting took place. Both officers are on paid leave while the sheriffs department conducts an internal investigation. Pontiac police chief Valard Gross praised the officers and stated that they acted appropriately.
I am so tired of the amount of gun play here in our neighborhood that I am looking for employment elsewhere and am willing to relocate. It is time to leave here and that is sad. When we bought this house 3 years ago, I checked out the neighborhood with the police and drove around in it at all different times and on different days of the week; I did my due diligence. It was a much better area then and it is surprising how far it has fallen in such a short period of time. It is time to move on.
While a family morns the passing of a son, a brother, and a friend I am thankful that he died instead of the officer that he was apparently going to shoot. He was the (unwed) father of four and engaged to be married and lived in Rochester Hills. Now there are four more fatherless children on the planet. I am glad that there is an increased police presence here, but it is a shame that it has come to the point that the police have to kill the bad guys in full view of the people who do live here. There are lots of little children here. No little child should ever have to witness a lifeless but still warm body lying on the pavement. It is time to move on.
I got up and went to the window and saw seven police cruisers in and around that parking lot on the corner with lights flashing. There was a minivan in the parking lot that was facing our window and the rear passenger side door was open. I could see that the window had a hole in the center of it where the bullets had entered the vehicle. The Oakland Press newspaper on Friday reported that four shots were fired into the vehicle and that three of them had struck the victim. His body lay motionless on the pavement out the drivers side rear door.
The victum was just 22 years old and already had a long criminal history. Just a week before he had been arrested and released on a concealed weapons charge! He had a gun in his hand and was raising it up to point it at the officer that was approaching the driver's side of the vehicle. The two officers were responding to a domestic disturbance call in that parking lot and were attempting to question the occupants of the vehicle when the shooting took place. Both officers are on paid leave while the sheriffs department conducts an internal investigation. Pontiac police chief Valard Gross praised the officers and stated that they acted appropriately.
I am so tired of the amount of gun play here in our neighborhood that I am looking for employment elsewhere and am willing to relocate. It is time to leave here and that is sad. When we bought this house 3 years ago, I checked out the neighborhood with the police and drove around in it at all different times and on different days of the week; I did my due diligence. It was a much better area then and it is surprising how far it has fallen in such a short period of time. It is time to move on.
While a family morns the passing of a son, a brother, and a friend I am thankful that he died instead of the officer that he was apparently going to shoot. He was the (unwed) father of four and engaged to be married and lived in Rochester Hills. Now there are four more fatherless children on the planet. I am glad that there is an increased police presence here, but it is a shame that it has come to the point that the police have to kill the bad guys in full view of the people who do live here. There are lots of little children here. No little child should ever have to witness a lifeless but still warm body lying on the pavement. It is time to move on.
Monday, February 16, 2009
Chicago Politics Reach is Far and Wide.
The Blago fallout in Chicago politics is far from over, as new revelations from Roland Buris keep emerging as his recollection becomes clearer as a measure of damage control. The slippery nature of his tenure in office is predicated on lies. I mean, I remember the 5 second video of a Beaming squinty-eyed Buris whose head panned from the right to the left as he was announced as Blago's pick to fill the vacant senate seat from Illinois. His body language in that short clip smacked of contempt to me.
And just why is the President going to sign the spending spree into law in Denver anyway? It is all about the consolidation of power for the Democrats. "The Annointed One" parted the clouds and spoke from on high to his people at Invesco Field in Denver during the DNC. It is all for show. Make no mistake, President Obama has no desire to reach across the isle to Republicans. Quite the opposite in fact is what has just happened. The Republicans were brought into the room, given coffee, and promptly ignored when they gave their input for the stimulus bill. So the Republicans crafted the real the real example of bipartisanship; the opposition to this fraudulus bill.
So the radical liberal Democrats followed Saul Alinski's rule number 13 from his book "Rules for Radicals" and isolated the "target", which was the three weakest republicans that they could find because that is what they needed for unfettered passage of this crap legislation. They were worshiping their higher power of socialism, the antithesis to the idea of individual liberty upon which our country was founded.
But they have overreached here. It will come back to bite them when it all fails. The economy will right itself as it would have regardless of congressional meddling but now it will not only take much longer, but it will also create double digit inflation that they will be almost powerless to combat when the economy does right itself. Stagflation will occur because there will be high unempolyment and high inflation.
Which brings me back to the title of this post; it did all start in Chicago with Saul Alinski. A committed socialist who is absolutely idolized by Obama, and his ideas and tactics have been embraced by the liberals in the Democratic party. Those liberals have hijacked the Democratic Party platform and most of those who affiliate themselves with, associate with, or otherwise call themselves Democrats are clueless as to this, or for that fact just who Saul Alinski was; a communist loving socialist Russian Jew born in Chicago in 1909.
In other words, the radical Chicago liberal Democratic movement that has swept Obama into dictator like power, has reached its zenith. from now on the honeymoon will wane and the Democrats power will wax as the country shakes off the failed policies that have and will emerge from the Obama tenure in office. I predict that he will be a one term wonder, a flash in the pan so to speak. One can only hope. Now that is audacious Obama!
And just why is the President going to sign the spending spree into law in Denver anyway? It is all about the consolidation of power for the Democrats. "The Annointed One" parted the clouds and spoke from on high to his people at Invesco Field in Denver during the DNC. It is all for show. Make no mistake, President Obama has no desire to reach across the isle to Republicans. Quite the opposite in fact is what has just happened. The Republicans were brought into the room, given coffee, and promptly ignored when they gave their input for the stimulus bill. So the Republicans crafted the real the real example of bipartisanship; the opposition to this fraudulus bill.
So the radical liberal Democrats followed Saul Alinski's rule number 13 from his book "Rules for Radicals" and isolated the "target", which was the three weakest republicans that they could find because that is what they needed for unfettered passage of this crap legislation. They were worshiping their higher power of socialism, the antithesis to the idea of individual liberty upon which our country was founded.
But they have overreached here. It will come back to bite them when it all fails. The economy will right itself as it would have regardless of congressional meddling but now it will not only take much longer, but it will also create double digit inflation that they will be almost powerless to combat when the economy does right itself. Stagflation will occur because there will be high unempolyment and high inflation.
Which brings me back to the title of this post; it did all start in Chicago with Saul Alinski. A committed socialist who is absolutely idolized by Obama, and his ideas and tactics have been embraced by the liberals in the Democratic party. Those liberals have hijacked the Democratic Party platform and most of those who affiliate themselves with, associate with, or otherwise call themselves Democrats are clueless as to this, or for that fact just who Saul Alinski was; a communist loving socialist Russian Jew born in Chicago in 1909.
In other words, the radical Chicago liberal Democratic movement that has swept Obama into dictator like power, has reached its zenith. from now on the honeymoon will wane and the Democrats power will wax as the country shakes off the failed policies that have and will emerge from the Obama tenure in office. I predict that he will be a one term wonder, a flash in the pan so to speak. One can only hope. Now that is audacious Obama!
Labels:
corruption,
Politics
Tuesday, February 10, 2009
Nationalized Health Care Through the Back Door.
Well the stimulus bill passed in the Senate. What is really going on in Washington is shameful. They are using the economy as an excuse to "back door" health care reform. The language in this stimulus bill regarding health care reforms puts the federal government in charge of determining just who can have what procedures, treatments, or medications. Most of the Senators did not even read all the language in this bill before voting on it either. And In this day and age of rampant identity theft, I am not enthused about the prospect of having all of my medical records stored on some server somewhere that is connected in any way online. I would much rather have just a paper trail because it is much less susceptible to theft than online records. If banks, credit card companies, and big box retailers can't keep your electronic data safe, how can we expect hospitals to be any better at safeguarding data? And so much more is at stake here than just credit or identity. The information in your medical records could be used to blacklist, blackmail, or outright ruin a person should it find its way into the wrong hands.
I am sorry, but I will be the first one to say, "I told you so" when it starts happening. Electronic medical records is a bad idea. It would save money, but the trade off in potential for damage from a breach in security is unacceptable. Once again unintended consequences will overpower any good intentions of such legislation.
And this really does miss the whole point anyways; that health care is not broken and so doesn't require any fixing. It is the insurance industry that needs to be reformed, not health care itself. Keep health care private. Legislate insurance reform instead. What a novel idea; fix what is broken, do not meddle with what is working!
This brand of socialism has no place in a free and democratic society anyway. Our whole society is predicated on free market capitalism. Why should the health care industry be any different? Open and free competition breeds the innovation and resourcefulness that provides the best standard of care possible. The free market system produces the fastest course to providing best practices because the demand for the highest quality care is prevalent and demand is what drives any market. Can you imagine how bogged down care would be if big brother were having to hold a committee regarding which path to take? Not very efficient in terms of lives saved, perhaps they would save some money, but patient mortality will no doubt increase drastically with bureaucratic wrangling and red tape.
I am sorry, but I will be the first one to say, "I told you so" when it starts happening. Electronic medical records is a bad idea. It would save money, but the trade off in potential for damage from a breach in security is unacceptable. Once again unintended consequences will overpower any good intentions of such legislation.
And this really does miss the whole point anyways; that health care is not broken and so doesn't require any fixing. It is the insurance industry that needs to be reformed, not health care itself. Keep health care private. Legislate insurance reform instead. What a novel idea; fix what is broken, do not meddle with what is working!
This brand of socialism has no place in a free and democratic society anyway. Our whole society is predicated on free market capitalism. Why should the health care industry be any different? Open and free competition breeds the innovation and resourcefulness that provides the best standard of care possible. The free market system produces the fastest course to providing best practices because the demand for the highest quality care is prevalent and demand is what drives any market. Can you imagine how bogged down care would be if big brother were having to hold a committee regarding which path to take? Not very efficient in terms of lives saved, perhaps they would save some money, but patient mortality will no doubt increase drastically with bureaucratic wrangling and red tape.
Labels:
Healthcare
Monday, February 9, 2009
Barney Frank is an Idiot
Barney Frank is an idiot, the reason that most of the country hates congress is precisely because most of congress is in bed with banks. Banks lobby hard and spend loads of money on the Hill and it shows. The relationship between the liberal democrats and banking lobby has been obvious for many years. But he is only partially right when he states that Americans hate congress. We don't hate them for hanging around with the bankers or their lobby, we hate them because they do stupid crap! They draft laws that encouraged irresponsible lending, or doesn't he remember that damned stupid Community Reinvestment Act that they put before that peanut farming dolt, Carter, who promptly signed it into law?
Barney Frank is an idiot. He may have a degree, but he hasn't got a clue. What the hell is he doing masquerading as a leader in the financial committee in the house? He is a pinko-commie, clueless, idiot with a pen and a podium running wild in the halls of power. How the hell did this moron get elected again?
The free market will correct itself, if only the idiots like Frank, Dodd, and Queen Pelosi, would just get the hell out of the damned way! Pelosi needs to go back home and be with that moron governor of California, the Jerkinator.
Pelosi, Ried, Dodd, and Frank (aka Larry, Curly, Moe, and Shemp) who the hell do they think that they are? The moral majority (HELL NO). They couldn't pin the tail on the donkey with their eyes open, much less craft a law that actually makes any damned sense. These assholes need to be tossed out of office, out of Washington, out of politics altogether. They are hated because they are idiots. They do idiotic things, pass idiotic legislation, say idiotic things, espouse idiotic opinions about idiotic theories. They are idiots.
The only ones that have a lick of common sense are the House republicans of late. thank God for John Beonher from Ohio who galvanized the real bipartisan response of common sense and reason against the "spendulus", "porkulus" bill.
You liberals are hated because most of America is in fact conservative, you morons! Get a damned clue.
Barney Frank is an idiot. He may have a degree, but he hasn't got a clue. What the hell is he doing masquerading as a leader in the financial committee in the house? He is a pinko-commie, clueless, idiot with a pen and a podium running wild in the halls of power. How the hell did this moron get elected again?
The free market will correct itself, if only the idiots like Frank, Dodd, and Queen Pelosi, would just get the hell out of the damned way! Pelosi needs to go back home and be with that moron governor of California, the Jerkinator.
Pelosi, Ried, Dodd, and Frank (aka Larry, Curly, Moe, and Shemp) who the hell do they think that they are? The moral majority (HELL NO). They couldn't pin the tail on the donkey with their eyes open, much less craft a law that actually makes any damned sense. These assholes need to be tossed out of office, out of Washington, out of politics altogether. They are hated because they are idiots. They do idiotic things, pass idiotic legislation, say idiotic things, espouse idiotic opinions about idiotic theories. They are idiots.
The only ones that have a lick of common sense are the House republicans of late. thank God for John Beonher from Ohio who galvanized the real bipartisan response of common sense and reason against the "spendulus", "porkulus" bill.
You liberals are hated because most of America is in fact conservative, you morons! Get a damned clue.
Sunday, February 8, 2009
Is Bong Hits the Next New Olympic Sport?

With all the buzz on the Michael Phelps bong hit photograph, I feel that my own two cent stimulus on this issue might just be appropriate here. Although there has been a growing momentum behind the push to decriminalize marijuana possession and use in recent years, the fact is that it remains an illicit drug. And as the debate rages over just how detrimental its use is, one thing is certain; smoking it is way more damaging than eating it is! No one seems to debate that smoking cigarettes is harmful to your health and others health (in the words of Al Gore "The debate is over").
Filling your lungs (and the lungs of others) with smoke laced with carcinogens is not a real smart thing to do. The functional purpose of a bong is to concentrate and cool smoke into a large chamber over time so that it can be emptied quickly via carburetion (a small hole just above the water line that can be covered by a fingertip). One correctly uses a bong by placing a finger over the carburetor hole, lighting the contents in the bowl, inhaling deeply to fill the chamber with smoke, and just before your lungs fill to capacity you lift your finger off of the hole. When you lift your finger off of the carburetor hole, air is drawn in from the hole rather than from the bowl, so the smoke that has been concentrated in the chamber is emptied out quickly. Since the bowl is lit from the top, and burns from the top down only when air is drawn through it, less of the drug is wasted as second hand smoke (as happens when smoking a joint). The ember in the bowl merely smolders during the time it takes to hand the bong off to another for their turn to "hit" the bong. Occasionally, if too much time elapses between hits, the bowl must be re lit.
The real question in all of this shouldn't be whether or not to ingest marijuana, but how to ingest it while doing the least damage to the body. Since the active chemical that produces the high is not water soluble it cannot be injected or drank. THC is fat soluble however, so besides smoking, it can also be eaten. Cannabis can be baked into many fatty foods like cookies, brownies, meatloaves, etc.. Eating it as a method of ingestion is easier on the body because it does not stress the lungs or heart like smoking does. eating it also allows the body to utilize more of the THC in the plant than does smoking it so eating it makes more efficient use of the drug. It takes far less of it to get much higher when you eat it. And there is no one else that is affected like with second hand smoke.
Which brings out that time tested argument of how the inexperience of youth is somehow a justified excuse for smoking pot. And while there is some merit to that argument, a role model like Michael Phelps should have known better. Or at least his entourage should have given him better advice and guidance. So in conclusion perhaps the lapse in judgement wasn't Michael's as much as it was those around him at the time. Perhaps Michael should choose his close friends a little more carefully from now on.
Labels:
Drugs,
Olympians,
Role Models
Friday, February 6, 2009
Niether Obama nor Unions are Right for Economy.
Union politics in the workplace is a strange animal. It feeds on power culled from the mass of labor, but it doesn't necessarily represent them. It represents its own interests, which is self preservation by any means it feels that it can get away with. There was a time long, long ago when unions actually aspired to a higher ideal, which was to champion the rights of every one of its members.
Now unions revel in the political power that they wield. They use union dues to purchase favor from politicians directly, or they pay professional lobbyists to curry favor for them. Either way, unions are no longer about their membership, they are all about power.
They certainly are not about unity within corporate structures. They foster an "us verses them" mentality within its ranks. They create a rift between management and labor rather than building a bridge between the two. Any corporate entity can only function at peak performance when a healthy symbiosis exists between management and labor. As long as unions are fomenting an adversarial relationship with management, then corporate efficiency and productivity are less than optimal.
And what is needed now more than ever due to the crumbling economy, is unity of purpose, efficiency of resources, and maximized productivity; every non-monetary thing that the unions use as leverage to gain the power that they desire stands squarely in the way of true progress against alleviating the casualties of our souring economy.
True harmony of purpose is mired in the morass of union politics as the victims are felled by pink slips every day. And yet Barack Obama has used the powers of executive order four times in just 17 days as homage to unions even though I have just proven why unions are not helping our economy!
Is it just me, or does it seem that he is a walking contradiction? The conundrum of a brilliant orator that can articulate a plan, but cannot execute it. His own party has been hijacked by the Queen, Nancy Pelosi who has authored the massive stimulus package that is filled with 88% of all the democrats pet pork projects that they have been waiting for the right moment to foist on an unwitting population.
She got the mandate from the President to author the bill and she went right down the aisle of the house and asked every liberal democrat what they would like to put into this farcical bill for their district. And even Obama knows that this is what is happening here, but now that the conservative talk radio show hosts are informing everyone just what is in this bill and the backlash from angered taxpayers is starting to build to a crescendo, all that he can do is keep stammering about passing this bill quickly. Get it done quickly, before the population becomes fully aware of just what they will be paying for. It is an outrage to be sure.
Now unions revel in the political power that they wield. They use union dues to purchase favor from politicians directly, or they pay professional lobbyists to curry favor for them. Either way, unions are no longer about their membership, they are all about power.
They certainly are not about unity within corporate structures. They foster an "us verses them" mentality within its ranks. They create a rift between management and labor rather than building a bridge between the two. Any corporate entity can only function at peak performance when a healthy symbiosis exists between management and labor. As long as unions are fomenting an adversarial relationship with management, then corporate efficiency and productivity are less than optimal.
And what is needed now more than ever due to the crumbling economy, is unity of purpose, efficiency of resources, and maximized productivity; every non-monetary thing that the unions use as leverage to gain the power that they desire stands squarely in the way of true progress against alleviating the casualties of our souring economy.
True harmony of purpose is mired in the morass of union politics as the victims are felled by pink slips every day. And yet Barack Obama has used the powers of executive order four times in just 17 days as homage to unions even though I have just proven why unions are not helping our economy!
Is it just me, or does it seem that he is a walking contradiction? The conundrum of a brilliant orator that can articulate a plan, but cannot execute it. His own party has been hijacked by the Queen, Nancy Pelosi who has authored the massive stimulus package that is filled with 88% of all the democrats pet pork projects that they have been waiting for the right moment to foist on an unwitting population.
She got the mandate from the President to author the bill and she went right down the aisle of the house and asked every liberal democrat what they would like to put into this farcical bill for their district. And even Obama knows that this is what is happening here, but now that the conservative talk radio show hosts are informing everyone just what is in this bill and the backlash from angered taxpayers is starting to build to a crescendo, all that he can do is keep stammering about passing this bill quickly. Get it done quickly, before the population becomes fully aware of just what they will be paying for. It is an outrage to be sure.
Wednesday, February 4, 2009
Executive Avarice, the New American Paradigm?
Lately, the conservative talk radio hosts are bemoaning the fact that these corporate executives who are getting help from the taxpayers, are finally being skewered and grilled by the Obama administration and Congress. But they are missing the point here; the public is outraged at the rampant avarice at the helm of far too many corporations in our society today. It is a gross exaggeration to characterize the exorbitant compensation packages of executives as purely a natural function of free market capitalism.
All that money should come from profits, and not in lieu of paying bondholders back on schedule, nor at the expense of rewarding the shareholders for taking on risk in good faith first. Ethically it would make sense to retire debt as fast as possible, starting with the oldest debts first. By this I mean, retiring outstanding bonds at maturity, or if profits allow, pay a premium to retire them early. This limits company liabilities by eliminating them. Any time a liability is eliminated, stakeholders equity is enhanced. But most companies, like most Americans tend to spend other peoples' money rather freely when times are good and not saving for a rainy day. This is a large part of why we are in the mess we are in now.
Companies are shedding jobs to eliminate the liability of making payroll rather than doing with less profit margin at the top. Shortsightedness; a way of self centered long range planning. Self preservation from the top down is a self limiting strategy because the company cannot produce as much profit with fewer personnel and resources. At some point an equilibrium is reached that is sustainable for present market conditions.
But this is not macroeconomics 101, it is people's lives here. Why is it considered unreasonable to expect that during this temporary economic downturn that executives should forgo such large compensation packages? Everyone else is doing with less. Why shouldn't they too? Let's hope that they would want to do their part like the rest of us. Let's not forget that the automotive executives from the big three have all voluntarily given up large pay packages and that they did this long before they asked for taxpayer help. Rick Wagoner, the CEO of GM has had a yearly salary of just one dollar for the past four years! Now there is a man that gets it (even if he did fly a corporate jet to Washington).
Yet the banks and Wall Street power traders and players are unwilling to give up anything despite the republic's outrage at them for blatantly taking advantage of taxpayers and congress who rushed to there aid even as main street Janes and Joes pony up a portion of their last paycheck from their former employers. This is the definition of avarice, the height of arrogance, the zenith of self-centeredness, and none of these are the principles that our country was founded on.
Yes, Hannity, Rush, Levin and all the rest of conservative talk show hosts ought to be lauded for shinning the light on these cockroaches for outrageous behavior like knee-jerk pork laden legislation. Our political leaders need to be accountable, but so do our corporate leaders. One cannot lead with impunity. Even the Bible tells us that "to whom much is given, much is expected". The public is outraged at the avarice of corporate executives and rightly so. So, conservative talk show hosts, take notice that public scorn is driving the Obama administration and Congress to (re)act the way that they are now doing (to limit executives pay and compensation while on the dole). Your espousing the virtues of capitalism as a requisite excuse for corporate avarice smacks of poor judgement and plain old bad taste.
When times are good, excesses can be expected, but in times such as these, showing a modicum of restraint and true conservatism would be prudent. It is just common sense.
All that money should come from profits, and not in lieu of paying bondholders back on schedule, nor at the expense of rewarding the shareholders for taking on risk in good faith first. Ethically it would make sense to retire debt as fast as possible, starting with the oldest debts first. By this I mean, retiring outstanding bonds at maturity, or if profits allow, pay a premium to retire them early. This limits company liabilities by eliminating them. Any time a liability is eliminated, stakeholders equity is enhanced. But most companies, like most Americans tend to spend other peoples' money rather freely when times are good and not saving for a rainy day. This is a large part of why we are in the mess we are in now.
Companies are shedding jobs to eliminate the liability of making payroll rather than doing with less profit margin at the top. Shortsightedness; a way of self centered long range planning. Self preservation from the top down is a self limiting strategy because the company cannot produce as much profit with fewer personnel and resources. At some point an equilibrium is reached that is sustainable for present market conditions.
But this is not macroeconomics 101, it is people's lives here. Why is it considered unreasonable to expect that during this temporary economic downturn that executives should forgo such large compensation packages? Everyone else is doing with less. Why shouldn't they too? Let's hope that they would want to do their part like the rest of us. Let's not forget that the automotive executives from the big three have all voluntarily given up large pay packages and that they did this long before they asked for taxpayer help. Rick Wagoner, the CEO of GM has had a yearly salary of just one dollar for the past four years! Now there is a man that gets it (even if he did fly a corporate jet to Washington).
Yet the banks and Wall Street power traders and players are unwilling to give up anything despite the republic's outrage at them for blatantly taking advantage of taxpayers and congress who rushed to there aid even as main street Janes and Joes pony up a portion of their last paycheck from their former employers. This is the definition of avarice, the height of arrogance, the zenith of self-centeredness, and none of these are the principles that our country was founded on.
Yes, Hannity, Rush, Levin and all the rest of conservative talk show hosts ought to be lauded for shinning the light on these cockroaches for outrageous behavior like knee-jerk pork laden legislation. Our political leaders need to be accountable, but so do our corporate leaders. One cannot lead with impunity. Even the Bible tells us that "to whom much is given, much is expected". The public is outraged at the avarice of corporate executives and rightly so. So, conservative talk show hosts, take notice that public scorn is driving the Obama administration and Congress to (re)act the way that they are now doing (to limit executives pay and compensation while on the dole). Your espousing the virtues of capitalism as a requisite excuse for corporate avarice smacks of poor judgement and plain old bad taste.
When times are good, excesses can be expected, but in times such as these, showing a modicum of restraint and true conservatism would be prudent. It is just common sense.
Labels:
Avarice,
Common Sense,
Greed
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