Thursday, October 22, 2009
In a country that is based upon the rule of law how is it that President B-Rock and his ilk can come up with a plan to cut compensation for executives that work for companies that have received federal bailout monies.
I wrote about a maximum wage initiative in January, February and April. Now it has come that it will probably happen. A clear assault on success and capitalism.
B-Rock's pay czar, Kenneth Feinberg, indicates that he will propose cutting the contractual salaries and total compensation for these executives. If the tax payers are to ever be paid back for the money given to these companies, General Motors, AIG, Citigroup, Chrysler and others then you will want the most successful business leaders leading these companies. But that will never happen if any executive and for that matter any employee has fear of their compensation being regulated by a government bureaucrat.
Because of these regulations and interference all of these companies will have leaders running them that are not focused on increasing shareholder value but on doing whatever they can to stay off a government noncompliance list. No business leader or executive will want to go to work for a company where their hands are tied behind their back and asked to brush their teeth. These companies will not succeed and the taxpayers will never be paid back. All because of government interference and regulation.
While some Americans support this policy because of class warfare these are some of the same people that never say a word about the money that Brad Pitt, Madonna, LeBron James or Tom Brady and other athletes and entertainers earn from their work. The reason I listed entertainers and athletes is because they are not responsible for creating jobs and contributing to the overall health of the economy yet they make millions of dollars for their work.
If we are a country based upon the rule of law then the Obama administration is seeking to be above that law. They are seeking to void contracts that are negotiated in good faith and agreed to by both the executive and the executive compensation committee at those companies. All because of government intervention into free market and the assault on capitalism.
Based upon the reasoning of receiving government bailout money how soon will it extend to companies that will have their compensation regulated because they do contract work or business with the federal government. What is preventing the administration from extending this regulation to the hourly employee with the reasoning that you may be making more per hour than a comparable government employee? Look out it is coming to your company!
If we are going to continue as a republic then we have to rein in our government. Enough of the attacks on success. Enough of governing by polls and public opinion. Whatever happened to common sense?
These are my words! Please post yours!
Tuesday, October 20, 2009
The Senate Finance Committee has finally completed and submitted their version of health care reform bill. It amazes me how our elected officials continue to write and sponsor legislation that is written in verbiage that the average American will not want to read nor will they be able to understand. But here is a piece of legislation that is over 1,500 pages and if printed will use over 3 reams of paper. I will not spend time discussing what's in or not in this bill as I like your Senator have not read or even attempted to read it yet.
That brings me to the eCo-Terrorist Tree Hugging Moonbats in this country. Where is their outrage over their government burning through this much paper to get a piece of legislation passed? If you figure that each Senator will need a copy to read(maybe), at least four of their aides will also need a copy (to brief their bosses, maybe) and then the press corps will get their copy as well then this one piece of legislation will produce millions of pages of paper by the time it is marked up, amended and finally voted on.
In this Green environment we live I know that some of you will say that the Senate is probably using recycled paper. But as we know, our government has always used a "do as I say not as I do" mentality toward the American people. They are above the rules and try to be above the law in some cases. And considering how the government contracts for the pricing of supplies they are probably overpaying for the paper since the contract is old and the vendor cannot lower the price because it is under contract to sell the paper for the cost of the GSA contract. But this lends itself to another government takeover of an American industry. They could just takeover paper companies like Georgia Pacific, Boise Cascade or Weyerhaeuser because they are too big to fail and the government must have that paper to print out those millions of pages of waste.
Then we have the toner involved in running these printing presses. What about the energy utilized to operate those presses. Where is Al Gore on getting the Senate to buy their carbon offsets for all of this energy being used? Do as I say not as I do! But what am I thinking. Toner is made from carbon black and other magnetic compounds and resins. As the printers run they give of some of these chemicals as residual byproduct of printing thus destroying the environment along the way. I hope that those government employees in the printing house are getting their lungs checked at their annual checkup since they have medical care coverage.
To help you wrap your arms around my point. In order to pass health care reform to cover the 15% of Americans that are presently not covered we will destroy a part of our environment to get there. But I believe Liberals find this as a means to an end. I personally find drilling for American oil in Anwar and off the shores of Florida and California a means to an end but I digress. Liberals think all Americans must have health care coverage by any means necessary. And putting additional carbon dioxide into the atmosphere is just alrighty in this instance. We will have to put up with that additional degree of temperature in our climate because the cause of 15% is greater than the 85% who already have some form of health care coverage.
If any of you have ever read any of my post previously you know that I do not believe in man-made global warming and I am not supporting this fallacy just making fun of those who express outrage over some of the silliest things but are not protesting and ranting about the abuse of the paper products in our government.
These are my words! Please post yours!