Monday, 09 February 2009
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Let me Stimulate You (dirty stimulus political talk)
This is my FLU post. I'm sick, and while I have tons of thoughts to convey, my fingers have no energy to type very much. This is an excerpt of an article from Tom Eley of Global Research. I'll paste the important parts, and comment sparingly as I'm too flu tired to ramble on. The whole article is worth the read but please note my underlined "huh??" mentality. .
On Wednesday, President Barack Obama announced measures that purport to restrict executive compensation to $500,000 at financial institutions receiving billions in government assistance. The figure does not include stock options, which could be redeemed after financial firms pay back loans from the federal government. Nor does it apply to the original recipients of tens of billions in TARP (Troubled Asset Relief Program) money.The media have responded to Obama’s proposal of a $500,000 limit on executive compensation, which would affect only a handful of firms, as though this were a severe and astonishing punishment. Yet the figure represents approximately 12 times the annual salary of the typical worker. To the majority of the population, a salary of a half million dollars is a staggering amount of money.
Obama’s servility before the financial aristocracy was summed up by the reassurances he gave it in announcing his limits on executive pay. “This is America,” Obama said. “We don’t disparage wealth. We don’t begrudge anybody for achieving success.”
Say what? *as I pick my jaw off the floor*
article continues
Such a vision of America is at odds with both its present circumstances and its history, which has been characterized by deep democratic and egalitarian traditions that date back to before the Jeffersonian democracy of the early Republic. And while liberals are busy attempting to equate Obama to Franklin Roosevelt, the latter, in the midst of the Great Depression, attempted to capitalize on the tremendous contempt for the rich in the population at large by regularly issuing bromides against the “money changers.”
Indeed, Obama’s obsequiousness stands in sharp contrast to the anger of the working masses, who find it incomprehensible that the same executives who are responsible for ruining the economy and squandering trillions in taxpayer money are now presented with pay “limits” of a half million dollars. Workers are wondering why there haven’t been criminal indictments and television scenes of handcuffed executives frog-marched from their offices.
Is it just me Xangans, or does something seem to be still so totally wrong with Washington?
HOPE for CHANGE is sliding into the abyss so soon?
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Comments (23)
Haha, the title of this misled me. I thought it was going to be a bunch of innuendos centered around "stimulating" the economy. But as for what's actually here, I agree with the writer of the article. If I had half a million dollars, I'd be living large for ten years.
I read a comment on another blog the other day: "At the end of Obama's four years, those who voted for him will hate him more than they EVER hated George Bush." I think it will take less than four years.
I find it insulting and stupid that the "spendulus" package contains $$ for smoking cessation programs, while the SCHIP program--recently signed into law--is funded by an increase in cigarette taxes. How come nobody else sees this kind of stupidity?
@fivepts - I could be wrong, but I think too many people have no idea of what the stimulus is or where the money is going. I found a video that captures my idea of how America see's Obama, but I'm a little hesitant to post it. I may attach it to this post.
To be fair to the top executives, they do possess upper tier managing talent and years of experience, thus the 6-7 figure compensation. Although I do not agree with giving them any more than they require for running the company (I heard some financial companies gave bonuses last quarter when they were getting federal relief???), they are for the most part worth the money given to them.
@figachewy - "given" to them is an accurate phrase, of which I'd like to thank you for.
@grammarboy - Here here! I think I'll reroute my career ambitions in life and cash in on the crap shoot played with hard working tax dollars.
his ethics are all situational. This should drive the moonbats nuts.: http://online.barrons.com/article_email/SB123396551669058895-lMyQjAxMDI5MzAzNzkwNjc1Wj.html
You should become a community organizer, there will be federal dollars available soon .......
Hope the flu passes quick.
i've noticed obama to be the rockstar of politics... in which the masses either ignore the facts and reality of such or they DON'T want to face the reality of this...
@leadworshipper82@revelife - " in which the masses either ignore the facts and reality of such or they DON'T want to face the reality of this..."
It's allways like that, and thats the saddest part.
Also, Shameless, found your post from a comment on a political blog, so I subscribed. Just so ya know. xD
The stimulus package will only put us deeper in debt, and we, the tax payer, will have to pay it back.
The chief puppet has changed but the powers-that-be remain entrenched.
No it is not you. Something is terribly wrong, but what? We can't change that something until we know what it is.
@HouseSparrow - Agreed. Are you apart of the InfoWar?
Something we must remember, that most people have forgotten, Obama is a politician. Politicians lie, cheat, steal. This obama fella is still acting on the same standards we set forth years ago and I dont expect TOO much change, Ill be happy with a little.
@ShamelesslyRed - It is in fact? a very old world order/
@antisoccermom - A little change would be good. Here's to "hope". I wish it didn't feel like some flimsy platform of thought...like being a kid again "hoping" that Santa would bring that ONE toy I wanted :o(
@ShamelesslyRed - Evidently not, as I've never heard of it.
@HouseSparrow - Yes it is. Now what do we do about it?
"Hope and Change" was actually their secondary slogan. The primary slogan wasn't announced. It was "Smoke and Mirrors".
@ShamelesslyRed - Perpetual revolution. The problem is, that the vanguard becomes the new aristocratcy Within a generation, the old problem has returned.
@lonelywanderer2 - ah ha! No doubt an appropriate slogan to consider at this point
“We don’t disparage wealth. We don’t begrudge anybody for achieving success.”
Now that just makes me angry. Wealth and 'achieving' success?
How about all those people who work and work and work and work and still earn a successful living? They may not be rich, but damn, are we begrudging them?!
@mulleina - UMMM, I would say no chance in hell are we begrudging them, or are they "achieving" success. I would say arrest them for theft? Thieves, absolutely.