Thursday, April 2, 2009

Pay For Performance; Maximum Wages Are Here!

Pay For Performance Act of 2009
"To Prohibit Unreasonable and Excessive Compensation and Compensation Not Based on Performance Standards"

Back in January and early February I railed about a Maximum Wage Initiative that was coming to America. Am I prophetic? I would like to think so, but in reality with our Democratically controlled Congress and President I felt that it would be easy to predict. Now Barney "Sylvester Da Fat Cat" Frank (he sounds like the cartoon cat) and his ilk have passed a bill that would set pay for performance standards in companies receiving bailout monies for ALL employees not just executives (yes it would include the janitor and secretary too). And we know that it won't stop there. The next extension will be any company with a federal government contract then ALL companies in America. It will spread because of the sheep that constantly attack achievement and success of others. Always looking at their neighbors and saying that they don't deserve that boat, that car, that house nor that salary saying "something ought to be done."

This bill will be applied retroactively to compensation that is already in place and once again seeks to punish rather than encourage. It would give Turbo Tax Tim the authority to determine pay and to decide what is 'excessive' and 'unreasonable.' He that was tripped up by tax software that is almost idiot proof, will also come up with the method to evaluate the performance of the executive or employee receiving payments.

This comes on the heels of the failed attempt to retroactively legislate 90% taxes on the AIG executive bonuses. Since when has our federal government been able to tell any company what performance is. The government does not even know what the concept of performance looks like nor can it be able to determine how to measure it. "Sylvester" Frank wants to be able to recover money from ANY worker that he deems has not been worthy of taxpayer supported wages. In other words did not meet the performance standards set by Congress or Turbo Tax Tim. And you and I know that these standards will be a moving target and random in enforcement. This bill passed with 247 in favor and 171 in opposition with 12 abstaining. See how your congressional representative voted.

If you cannot recognize that our Congress is seeking to place a Maximum Wage for all workers in this country then you have fallen asleep and should not be shocked when your pay is adjusted down because you have not met performance standards. American business has always had a performance standard. If you do a good job you get to keep your job and you receive a modest pay increase. If you do a great job, you get to keep your job and you get a great pay increase or promotion. If you do a lousy job then you get promoted to customer except if you are a member of a repressive union.

O.K. Mr Frank all I did was give a rant but where is the solution. Here is the beginning.

Let's start with you and the rest of Congress. Your performance has not been up to standard (my measures) for quite some time and you are not worthy of your taxpayer supported salary. You work a relatively part-time job with vacation perks, meals, parking, expenses, office staff and allowance, etc. yet you get paid a healthy salary for this work. You are a public servant and should serve the public. All of you should work for $51, 000 per year. Because of all the perks you get in D.C. you really would not need any more than that. Giving back the $123, 000 to the taxpayers would go a long way to feeling the pain and spreading the wealth. Kruella D' Pelosi would be harder hit with a return of $173,000 to the taxpayers. This would also cut down on the professional politician if they knew that their salary would be equal to the average guy they claim to represent.

How did I come to the $51,000 amount? Brain fart! Just the same way the President and Congress has said that no executive should earn more than $500,000 annually. No rhyme, no reason just plain brain fart! Barney Frank and Congress put your money where your mouth is. Lower your salary, since my expectations are higher and you have not met them thus you are not worthy of your $174,000 annual salary. Give it back or go get a private sector job. The closest you have come to running one is when your lover was running a prostitution ring out of your D.C. apartment.

The 2010 elections must usher in some immediate changes in our country or this country that we have loved and lived in will disappear. People you have to be afraid. Be very afraid. This is going to doom our competitive spirit and destroy our country.

That's my word. Please post yours!

Tuesday, March 31, 2009

I Agree With Obama...

...that the automotive industry plans from Chrysler and General Motors were not acceptable.
But that is where I stop agreeing with him and his administration over this fiasco.

Finally someone in Washington has taken it upon themselves to read a document that has been placed in front of them. I posted a month ago that these plans were lacking in substance and direction. Now Obama says that these companies can no longer receive any more of your money to survive. Wait, that is for at least another 60 days for GM and 30 days for Chrysler to fix their plans. Once you receive government welfare you are not allowed to get off that welfare until the government has tried to find ways to keep you on it. I will wager that at the end of these time frames both companies will be given another 30 days as an appeal and an appeal to the appeal if it does not turn out in their favor.

Big "O" has finally used the "B" word (bankruptcy) with regards to the automotive industry. Although his administration is calling it a 'court supervised' process. I believe that the Obama's minions have finally wised up that they can save face and let a judge be in charge of the automotive problems thus removing Obama from any possible UAW showdown. Obama is a big union supporter and he keeps stating that all 'stakeholders' must come to the sacrificial table in order for these companies to survive. In other words you gotta give up something to get something. By letting a judge decide who gives up something he can lay the blame anywhere but at the Oval Office door.

Obama has clearly decided that Washington knows how to run the automotive industry better than those "wily veterans" that have been doing it for sometime now. He asked for the immediate resignation of the GM CEO, Rick Wagoner while leaving Chrysler CEO, Bob Nardelli in position. The automotive task force has concluded that GM is still relying to much on the sales of 'high margin' trucks and SUV's (profit is not allowed by Washington) and that Chrysler's best hope is to merge with another company, Italian automaker Fiat (will that make Chrysler an Italian automaker and ineligible for bailout money?). Obama has indicated that automotive companies must "thrive by building cars of tomorrow." Yet those same hybrid green vehicles are tough to sell these days. When gas prices were above $4 per gallon these cars were hot items. Now that the price of gasoline is hovering around $2 per gallon hybrid cars are clogging up dealer inventories.

The government has long insisted upon automobiles meeting certain MPG standards but they now are telling automakers exactly what kind of vehicles to make. In short consumers focus on present day realities not carbon emission fallacies. Gasoline prices will dictate what people buy not Washington, unless they force all of the automakers to only produce green vehicles. The good news is that if you purchase a green vehicle you can get a tax credit and a deduction of the new-car sales tax. The sales tax deduction is part of the $787-billion stimulus bill. But at present day gasoline prices you must be willing to wait for sometime to offset the additional cost of these green vehicles versus the amount of money you will save on fuel.

Maybe the Obama administration will create artificial demand for these products by temporarily drying up the gasoline supply thus causing gasoline prices to rise and the fair weather moonbats to go searching for hybrid cars again. Remember that when W. left office gasoline prices had dropped to their lowest level in 4 years. So if they rise again it will be Obama's fault not Bush's.

That's my word! Please post yours!