Government Imposed Pay Cuts

Government imposed pay cuts?

Bad news for AIG and Government Motors but great news for Goldman Sachs and Ford!

(What? You think A-Rod will continue to play for the Yankees if they cut his salary 90%?)

There will be an Obama-generated brain drain – talent, like water, seeks its own level. That increases Ford and Goldman Sachs competitive situation, diminishes AIG and Government Motors competitive position and lowers the potential for AIG and GM to return the taxpayers money.

Now that could be the plan – never let them out of the government grip – or it might be that to “level; the playing field” this acquisitive government will try to lower the compensation of the competition.

So the plan is either stupid, or devious.

The Law of Unintended consequences strikes. Again!


A Matter of Accountability

This is NOT a partisan proposal because I have been proposing it for decades under all administrations – it is a plea for accountability.

ALL politicians make promises, and like Huey Long when asked by his press person what to say when he broke a campaign promise said “Tell ‘em I lied” – except modern politicians don’t have the stones to say it so bluntly.

We can measure whether politicians raise taxes…it shows up about April 15. When a politician says “not one dime” we can measure how much we send to the IRS.

When a politician says the new Healthcare costs will not be a tax, but we must send our “penalty” to the IRS, and the failure to pay is enforced by the Treasury Department, most of us are smart enough to understand – it is a tax. (Using the “Duck” theory of euphemisms.)

You can call a government required increases in utility bills through Cap and Trade a “cost,” but it is a tax. You can tell in your pocketbook. The duck theory applies. If government increases your financial output, it is not a cost or a fee – it is a tax, unless you receive greater utility for the money.

Now the question is “how do you enforce accountability” for venality in government? At the very least there should be a federal Grand Jury that should be empanelled to reduce or stop politicians’ retirement pay and strip them of their honorary titles.

It is too early to judge this President on his “not one dime” no tax increase pledge. His promise to “transform America” has been delayed by the Senate.

We will know in three years, or possibly incrementally on each succeeding April 15.

The More We Know, The Less We Like…

The reasoning behind the legislative Blitzkrieg is made obvious by the following story, and similar ones that indicate a diminishing support for almost all of the administration legislation, the more the people learn the details.

This is why we have both decreasing  transparency AND a increasing attempts at speed – not to mention bills of 1,000 pages or more that are unread and unreadable.

Poll: Americans’ belief in global warming cools


The Associated Press

WASHINGTON — The number of Americans who believe there is solid evidence that the Earth is warming because of pollution is at its lowest point in three years, according to a survey released Thursday.

The poll of 1,500 adults by the Pew Research Center for the People&the Press found that only 57 percent believe there is strong scientific evidence that the Earth has gotten warmer over the past few decades, and as a result, people are viewing the problem as less serious. That’s down from 77 percent in 2006.