Posted on 03/08/2009 10:14:26 AM PDT by utahson
6 weeks into their perspective administrations, had GWB leading 13 percentage points higher than Obama. GWB's poll numbers were higher in comparison to Obama's, EVEN after stealing the presidency (SARCASM) and ticking off half the nation. How can this be? All the liberal media told us Obama was the one to lead us to a brighter future. Obama poll numbers are in a free fall.
It's a process of educating people to the reality that it is in their best interest for those that are the most productive to make the greatest return. Class envy is destroying us. You can only punish the successful for so long before they decide to not be the catalysts for job creation that they are.
What the heck is wrong with making a "ton" of money, as long as it is done honestly.
Great to hear this.
Oh, i agree, and you understand it and I understand it. I just don’t think a lot of hard-core Obamanuts understand it such that they would even recognise it as being in their self-interest in the first place.
Sadly, I believe you are right.
I suspect (Hope?) that version 101 of this Economics Course is being taught right now. I guess we'll just have to wait to see the grades on the Final Exam.
In addition, the very real problem we face is the obscene behavior of many on Wall Street in this mess. It is likely that very few make much distinction between Bernard Maddoff or Stanford and the CEO’s/Senior Executives of the likes of Merrill, Lehman, AIG, Countrywide, and on and on.
I think they believe, and rightly so IMO, that all of these people should be severely punished or, at the minimum, be completely stripped of their ill gotten gains with interest and penalties tacked on.
I think that 0 may well be a 1 term president. The Pubs will gain a lot of seats in 2010 in both houses. If the Pubs stand on principal they may come roaring back.
I know I'm trying to explain it every chance I get.
I think they believe, and rightly so IMO, that all of these people should be severely punished or, at the minimum, be completely stripped of their ill gotten gains with interest and penalties tacked on.
I've had this thrown at me. My response is the reform that is needed is not govt control of private business (fascism). What is needed is easier control of the board room by share holders. Obviously, if someone committed fraud they should be prosecuted.
The biggest problem with executive compensation is it is determined by the board of directors and a great many of these directors sit on several boards. It's a closed little community.
As far as an executive being hired and making 50 million I really don't have a problem with it if you see the value of the business increased many multiples of that because of his leadership.
Your point about the Boards is apt. What has really happened in this age of widely held Corps is that Management and Ownership have become almost completely divorced from one another. It also has placed effective control of Corps. and their Policies in the hands of concentrations of ownership that are often significantly less than 20% of the total outstanding shares (Or in the hands of Mutual Funds who might have their own agendas that conflict with those of their own investors).
Management is basically in charge of both the checkbook and the controls surrounding the issuing of checks to a large degree. The combination of CEO/Chairman of the Board positions in many Cos. provides further impetus for self dealing at the expense of other widely spread out and therefore powerless Shareholders.
You can’t compare Gallup and Rasmussen. They both use different methods. To make the comparison more accurate Obama’s current Gallup numbers are 62 approval and 26 disapproval. Which is still much lower that GWB at the same point in time.
I couldn’t find the Rasmussen numbers for GWB, but would assume they are higher for Bush and lower for Obama. They are the only group that doesn’t weight heavily toward democrats. Coincidentally they are the most accurate pollster too. Imagine that.
Exactly, and any discussion about this is thwarted by the "class envy crowd" that hate people who do business for a profit. Can you imagine the stereotyping of "not caring for the little man" if a congressman were to propose legislation to reform these problems.
bttt
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