Political Forum » Rich Executives are Not the Problem

I'm tired of hearing people act like our problems have much to do with executives making millions or spending millions remodeling offices or paying millions to advertise or paying for lavish business trips or flying private jet planes to Washington. Our problems have to do with trillions and not billions and certainly not millions.

I can understand if executives making and spending lots of money bothers you, but they aren't the problem. Our economic situations isn't going to be saved by having the banks run by low paid executives who decorate their offices with plastic furniture who don't pay to advertise who stay at cheap hotels and eat peanut and butter and jelly sandwiches on business meeting and who fly coach to meet with congress.

If you had a suit case filled with one million dollars then you would need one million of those million dollar suitcases to make one trillion.

If you had one trillion dollars then you could give away more than 50 one million dollar suitcases away per day every day for over 50 years and that is not even including interest.

This latest $165 million AIG executive bonus thing is a misdirection of outrage that should be focused instead on the $170 billion AIG bailout. I wrote a blog entry about it:
http://oscarcan.blogspot.com/2009/03/ai ... on-of.html

The AIG political outrage is smoke and mirrors. AIG announced a year ago they were going to pay contractual bonuses. In December '08 they released the names of the recepients. Senator Chuck Schumer inserted a clause in the stimulus package to allow the tax money to be paid to recepients if the bonus was a contractual agreement. Sen. Schumer received more money than any other political hack in '08, Obama was number 2. Obama knew about the bonuses before the great public outcry, his indignation is little more than crocodile tears.

Another interesting fact, AIG was used as a conduit by the treasury to funnel $93 billion to foreign banks. AIG was used to shield the treasury from the American Taxpayer. Geithner also knew about the bonuses and the money for foreign banks.

This entire farce is being used to shield the administration and their puppets from the public. While we are screaming about the bonuses they are quietly preparing to pass new legislation that will cost us higher taxes and reduce our food supplies. Wake up ladies and gentlement, the wolf is at the door and he wants everything you have.

I agree it is smoke, mirrors, crocodile tears, and a wolf at the door.

I wish the outrage over wasteful spending was directly proportional to how much was being spent. There is a lot of outrage over the $165 million, but hardly any outrage over spending trillions. It is worth pointing out that $1 trillion at 3% interest works out to $165 million every two days! A trillion is proportional to a million like ten thousand dollars is proportional to a measly penny. We've got people spending tens of thousands of dollars of our money and the media is fixated on what happens to the change that falls behind the couch.

There is some saying about penny wise dollar foolish. Anyway, I think our government is million wise trillion foolish. Actually, I don't even think our government is being wise in trying to get back the $165 million by drafting up outrageous 90% taxes directly targeted at specific socially unpopular groups of people after the fact with the goal of looking good in front of the cameras. Everybody in Congress knows that $165 million is a financial waste of their time as their time would be better spent reading the next spending legislation they draft up.

Oh my, I just heard Greta on the TV making a big deal about all the things you can buy with $165 million. She put it in terms of Cadillacs and gallons of gas and helmets for our soldiers. I don't believe people are as unintelligent as the media makes us out to be. At least I hope not

Obama and the Liberal left are attempting a Social Engineering project that has already been proven it does not work. They hold up Europe as their shining example, but for those who think for themselves, an examination of Social Democratic parties in Europe doesn’t create a positive perspective - they have failed to take advantage of Capitalism’s ongoing crisis and therefore they haven’t rediscovered the old winning ways. Even the traditionally strong Left parties in France, Germany and Italy have lost their way to electoral victory, being in the ’shadow’ of the Conservative Right. Will Social Democracy recover from its current ’ideological hibernation?’ In France, the Socialists still try to recover from the 2007 elections’ defeat, while they face unprecedented internal conflicts. The formerly powerful French Socialist Party (PS) is in deep crisis regarding its identity as one of the main political representatives of Social Democracy in Europe
The leftists touting Social Democracy is just the "Public Relations" hype smoke screen, behind which Obama and his cronies are petal to the metal working for Global Marxist/Socialist control.

I read you website about the 165 million which you consider a drop in the bucket in comparison but that 165 million is also what 22,500 average “Joe six packs” pay in income tax in 2009. That’s not the real point, it’s the principal.

Maybe your heartless, maybe you been screwed, maybe your one of them and will justify that foolish spending at any cost, to line your pockets, but it’s just wrong. Everyone is “politically correct” once there caught….which is why the bonuses didn’t go through.

On one hand people say cut the spending but on the other hand they say it’s ok to piss away 165 mil. I have to work for my money (I don’t sit behind a desk), and work hard, to make my boss rich so he can take a 14 mil bonus and give me a $.24 (cent/ hr ) raise….I definitely have a problem with that “ drop in the bucket”…and so should you!

You are right, I should have a problem with the $165 million and I do have a problem with it because foolish spending at any level is wrong and $165 million is a lot of money. My point was that I wish the level outrage that happened over the $165 million would happen with the $170 billion too.

We stopped the millions from being misspent which is good. I just wish we could stop the billions and trillions as well.