Posted on 11/28/2008 12:34:02 AM PST by ari-freedom
RUSH: Now, economic numbers came out today, and the stock market reacted somewhat negatively to it -- although right now the Dow Jones Industrial Average is up about 113 points. Here's some of the numbers that came out today. And remember, the Drive-Bys love reporting bad news. Now, you might say, "But, Rush! But, Rush! You said this is gonna change after Obama was elected." I did. I did say it was going to change. But I forgot something crucial when I made that prediction, and what I forgot is this: Obama needs this crisis. Rahm Emanuel, his chief of staff, has been out there excitedly telling anybody who will listen that this crisis is too big to "waste." Well, if they want to use a crisis, what do they need? They need a crisis. So the Drive-Bys are either witting or unwitting accomplices here in spreading the notion that things are going to hell fast and, "Gosh, can't we put Obama in there now? Can't we just somehow get rid of Bush and Cheney, have them quit? That would make Pelosi president. She could defer to Obama! Can't we just do that now?" This is the kind of stuff that's being reported. Some of it, of course, is satire, but some of it is obviously true.
(Excerpt) Read more at rushlimbaugh.com ...
Obama is a fake and phoney. If I were these executives; I would ignore him.
“...the only beneficiaries of this are people like Obama and Ted Kennedy and Barney Frank and Chris Dodd and other Big-Government liberals who are getting what they want outta all this, and that is not even more money. You start raising taxes on people and the money to the Treasury shrinks because a lot of little guys are going to get laid off and fired. No, what they like about it is the cementing of power and specifically securing a little bit more loss of individual liberty and freedom because these people are about empowering themselves, and once they get it, holding onto it. “
The only comment that I’ve seen that I kind agree with...is that executives ought to be responsible for the mess they get hired into. If they are absolutely incompetent....like about fifty different guys we’ve seen come to note over the past eight years....they ought to be immediately fired and sent off without any pension, severance package or bonus. This is the one thing that most of us readily agree on. This group of Harvard, Yale and Princeton business idiots...who have destroyed so much of the banking business...should never be allowed back into government or business. Yet as we look around....even the Obama staff have brought some of these losers onboard...pretending that they were never a cause of problems in the first place.
I believe in the same idea for college football coaches...if they can’t produce....just let them go....don’t pay the guys $4 million to get them out the front door (hint: Bama & Auburn).
Obama is a dangerous fool. :-(
How is it possible that such a dunce was elected president??
I’d be shocked if his IQ is much above average.... we deserve better than a man who cannot dare let his school records see the light of day.
we are doomed, doomed I tell you.
B.O. opted out of public finance for his election.
He gathered $700 Million for his war chest and no one
question his lack of ethics!
well what happened? After all that Barney Frank and pals have done, his party gained even more seats in congress. He was rewarded for screwing around with freddie mac.
But we’re going to get tough...yeah, we’re going after the middlemen. That’ll learn ‘em.
He got in only because of the color of his skin,the idiots who voted for him will see within a year what fools they were.
That’s between the CEOs and the board. If you can take away a CEO’s bonuses and pension because they are ‘too big’ you have to be just as willing to do the same to blue-collar worker.
“You could take all of these bonuses, you could take the salaries of the Big Three and their bonuses and all these Wall Street firms, and you could pool that money together, and it wouldn’t lower the price of gasoline a dime.”
In my state, there’s a lot of hand-wringing over the $3.1 million paid to the president of Blue Cross Blue Shield, a non-profit corporation. This plan covers more than 3 million North Carolinians. In short, we COULD-in the name of “fairness”—tax 100% of this person’s compensation and plow the savings back into reduced premiums: of 8 cents per member per month!
It would be nice if the U.S. education system—which I presume is likely to be the most expensive per capita on the planet—would at least teach its students some basic critical thinking skills.
I don’t agree with Obama as far as telling them what kind of bonus to get, but I do agree with the bonus should be given for positive results. Certainly FREEPERS should at least agree with me on that. Get paid for producing is a conservative value. If these guys receive 100 million dollar bonus for failure would just say to them that next year don’t do anything and you get another 100 million anyway.
“Obama is a fake and phoney. If I were these executives; I would ignore him.”
If Obama were serious, he would set an example by insisting that every member of his Cabinet with a net worth above X give the “excess” away. Needless to say, to have any meaning, this same rule would have to apply to spouses.
I believe Cabinet members already are prohibited from receiving honoraria while serving in such positions, but to avoid even the appearance of excessive compensation, Obama should insist that spouses of Cabinet members be banned from receiving honoraria from any companies receiving bailout assistance from the federal government and to return any such fees earned within the past 3 years of such companies obtaining such assistance. IIRC, Bill Clinton has received speaking fees (measured in hundreds of thousands of dollars a pop) from at least 1 auto company, if not all of them.
With 24 hours of issuing the above edicts, Obama would receive a powerful lesson about how his high high-minded pontificating would play out in the real world if converted into nuts and bolts policy. He would be forced to explain why his list of highly lauded “blue chip” Cabinet picks had dwindled to nothing and/or why he felt forced to make exceptions for HRC or others to come on board.
“The only comment that I’ve seen that I kind agree with...is that executives ought to be responsible for the mess they get hired into. If they are absolutely incompetent....like about fifty different guys we’ve seen come to note over the past eight years....they ought to be immediately fired and sent off without any pension, severance package or bonus. “
exactly.
I was listening to family members gripe about the CEO salary and bonuses, and I asked “what is stopping the shareholders from dumping the stock?”
People forget they are shareholders.
That shareholders are the owners.
How many shareholders keep track of how the business is run?
How many of them offer their opinion about the CEO pay and bonuses while they hold the stock?
It seems to me that is also part of the problem - investing in companies but not paying any attention to what the board and the CEO are up to.
The libs want to pretend only government can deal with this - but it seems to me that investors need to start paying better attention to what management is doing.
“If Obama were serious, he would set an example by insisting that every member of his Cabinet with a net worth above X give the “excess” away. Needless to say, to have any meaning, this same rule would have to apply to spouses.”
And when is the last time Obama and Michelle set an example?
With his book deals?
And her salary?
Shouldn’t they make the first move?
Maybe he needs to give back some “unfair” profit from the sale of his books. Send it to his brother - or his aunt.
I wish I had a nickel for every FR post complaining about athletes salaries.
You can’t.
Years ago, growing up in Germany I thought the same thing when the Green Party started and a lot of these idiots started screaming their radical leftist ideas. In the end you can’t ignore them because they influence your life! You can’t ignore them because they are in positions of authority where they use the power of their office to push their ideology.
You can’t ignore someone that can influence your life, our society, our national security.
As a failed CEO, I want my million dollar Golden Parachute for bankrupting my company.
Rush is right on this one, he is right about everything.
The main reason these guys get the high salaries in the first place is that they set their own salaries. They should be required to get shareholder approval for their salaries. That would put an end to it.
“And when is the last time Obama and Michelle set an example?”
I fear that trying to unpack/reverse the hypocrisy in Obama’s own life would be a “Neverending Story.” The way things have worked out:
1) The occupant of the “Office of President-elect” never has to explain why/how Senator-elect Obama was wrong in his judgment 2 years ago that while OTHERS might contemplate running for president on such a thin record of experience, he was not one of them, since he believes in “knowing what you are doing” before running for such animportant office.
2) Obama gets to publicly acknowledge that the self-dealing implicit in his benefiting from Tony Rezko’s real estate deals “was a mistake” even while continuing to benefit from the increase in his house’s value stemming from that “mistake.”
3) Obama never has been confronted on—much less had to publicly acknowledge—the rather obvious conflict-of-interest/self-dealing implicit in the curious trajectory of his wife’s compensation during his years as a “public servant” even as he repeatedly bashes others for “greed and corruption.”
4) In numerous pontifications (that have by now felled many trees as they are repeated and lauded in the MSM), Obama has reiterated a “we are our brothers’ keeper story” ad nauseam, even while to all appearances completely ignoring the financial plight of blood relatives both here and abroad.
My advice: holding your breath waiting for the Obamas to make the first move may pose serious risks to your health!
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