A President that tells it like it is. He makes a mistake, he admits it, and he puts things right. And on the other hand we have a bunch of critic’s that say his attempt at a stimulus package is nothing more than a spending package. And exactly how do you create a stimulus package that doesn’t spend money? And if they know this, please explain what you call the last eight years? It certainly was not a time of great savings, or did I miss that part of F&A course work? And to hear it even more loudly from or dear Arizona Senator … hey, wasn’t he one of the people they often refer to as the “Keating Five”. You remember those, don’t you?
No doubt I can go on and on AND the folks on the other side can do the same. Fact is that politics’ is a dirty business and there are very few that are completely or even mostly clean, but at least this time we have one that appears to have a streak of some honesty in him. Boy, think of the money we would have saved if the last administration had even a smattering of honesty in it!
But I digress. Limit the top pay of those that want to borrow money from the government? How genuinely refreshing and God knows that one is looooong over due. Not letting them cash in their stock options until after the corporations are profitable. Oh yeah, every little stock owner has to be loving that right now. Bank of America selling their private planes, Wells Fargo cancelling spending junket’s to Loss-Vegas (did I spell that right??) And the stimulus bill could be in trouble because a hand full of senators are worried about their pet projects in the wake of the worst economy since … I don’t know when. Perhaps we need to take the next step and make anyone that steals the assets of a retirement fund or puts forth a pet project that hurts the nation in order to help that person get reelected, be proclaimed and prosecuted as a first class felon … and if their deeds cause the unnecessary death of another … it’s murder. Provocative? Well, how would you feel if you just found out your entire retirement nest egg had been stolen and the worst the theif would endure is five years in one of those plush prisons for embezzlers?
The promise of America was always the opportunity to get ahead, not to get everybody else’s hard earned money. The reward is supposed to be for hard work, not accomplished thievery. And the old formula that the CEO could not make more than 100x the lowest paid worker still pays a nice $1.2M when the janitor makes $6 an hour. The president wants to drop that to 50x and I’m all for it.
Now, maybe that is a bit heavy handed for government to get so involved, but if that is the case, then let’s make it a bit simpler. By law let’s require that ALL corporate officers salaries and benefits must be disclosed and approved by a 75% vote of the stock holders. Let’s keep the requirement that NO stock option may be tendered until the company’s after tax profit exceeds the total stock options by, say 1000x and that when a company takes a loss, those same corporate officers must return all salaries and benefits … just to keep them motivated to “try harder”.
Oh yeah, and lastly, let’s outlaw private ownership of any corporate jet, boat, country club, etc until the company pays a required dividend and those dividends be no less than 50% of the pre-tax profits of the company, just to make sure the investors are properly rewarded for their risk.
Yeah, I know it’s madness, but with a president that is willing to do what’s right, it’s certainly worth a try!
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read more blogs!
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Josuha
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Feb 4 @ 8:35PM
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Fact is that politics’ is a dirty business and there are very few that are completely or even mostly clean, but at least this time we have one that appears to have a streak of some honesty in him.
Makes me feel safer already.
I was getting worried.
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ttomtarr
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Feb 4 @ 9:00PM
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I think we need to limit appropriation bills to one and only one item. No add-on pork!
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hpylady
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Feb 4 @ 9:02PM
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AMEN!! 
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MrPaul
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Feb 4 @ 9:02PM
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(By law let’s require that ALL corporate officers salaries and benefits must be disclosed and approved by a 75% vote of the stock holders)  This would include the nuts in Washingtonton right.   That would make us the voters the shareholders Shall we set Obamas salary at $150,000.0 plus all the free perks Congress and the Senate at $100,000.00 Thousand a year. You have my vote. 
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bardnsage
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Feb 4 @ 9:11PM
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You are talking about,,, just the companies that get bailout funds from the government. Right?
Anything else,,, and don't you think you might be hurting the regular American's just a little too much.
Remember,, when Goldam Sachs executives forgoed their annual bonuses,,,, the state of NY posted a real loss of 178,000,000 in tax revenue. Now, who do you think is going to put the food back on the school lunch plates, or provide heat for the homeless? You and I.
That does not even consider the employees of the boat companies, or the jet compaines, etc. etc. etc., that everyone is so hyped to get rid of. Let's see,,, corporate head of 10's of thousands of employees,,,, and I want you riding on a regular commutor jet, or driving. Both,,, huge wastes of time and resources when compaired to the business that can be conducted on the corporate jet,, and the time saved.
Every action, has a reaction,,,, especially in the world of the ecconomy.
Of course,,,, I might be more willing to swallow this pill, if we placed the same restrictions on earnings to all our elected officials and government employees. Since no job in the US government has a salary over 500K,,,, they shouldn't be making over $500K,,,, not the $5,000,000 Tom Dascel posted last year. After all, the federal government is much more in debt than the banks,,, and the annual budget for these guys is more than the bailouts. Mr. Dascel has been cashing in, on both sides of the aisle,,, without taking a lobby payment. It's called the "Lecture" and "Consulting" circuit. Free paybacks,,,, for a legislative job well done.
Now,,, why did someone pay him $85K a month to "consult",,,, and "Who" paid him $85K a month to "consult"...... that is the big question that no one is asking,,,, and the most logical reason for the President to let him go and apologize, and retain the other tax skipper, Gietner.
They all act like selling of the Government, was contained to the governor of IL. It wasn't, it's not,,,, it's just politics as usual.
The only reason all this pork is under the guise of stimulus package,,,, is because under the rules of emergency stimulus, the normal 2/3 vote of the senate is not required,,,, only a 50% majority. Therefore, the R's in the senate are powerless to stop it,,,, and we eat it like it's the best thing since sliced bread. But mark my words,,, one of them will break ranks and vote for this,,,,, but it will be a sweet deal.
Until this president completely divorces himself from the snakes in DC,,, it's just another stanza of the Potomic two step,,,, they dance, we pay the band.
He didn't screw up,,,, his staff did. He didn't want anyone to ask,,, if Dascel was audited last year,,,, how did this get by the IRS. He didn't screw up,,, he's just engaged in damage control,,, and counting on the advocacy of the press to help him. They say,,, "How wonderful he admits to screwing up.",,, and everyone gets all dizzy instead of asking,,,, "How the hell did he get that all that money to start with?"
There are more of this president's nominees,,,, dropping out, backing out,,,, running for cover. Either, they are scared of the scruitney this president will bring onto them,,, or they realize that he really beleives that stupid stuff he was spouting in the campaign, and he's politically dumb as a post. Either one is a scarey proposition.
So far,,, he's committed to study the closing of Gitmo,,, which he promised to close. He's pissed off countries and leaders the world over, just like Bush. And he's put up a stimulus plan that is obviously an orgy of liberal spending,,, which more and more American's realize is not going to create jobs, or even stop thier company from laying them off. The only thing it's definately gonig to do,,,, is contribute to the debt that my children's children will be paying off.
It's all a hyped up mess, in order to get money. Today,,, the speaker of the house announced that for every month we delay in passing the plan,,, 500,000,000 American jobs will be lost. Well,,, like this whole plan,,,, that doesn't make sense when you run the numbers.
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marylou
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Feb 4 @ 11:40PM
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I agree with the above...(bardnsage's comments)............these are SCAREY times.
I wish I had a crystal ball right about now.........there is no telling how it will all turn out. 
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imlost2
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Feb 5 @ 9:16AM
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Well this stimulis package has to be looked at more closely. So far cities want: a golf courses that costs about 2 billion or something and would employ 4 employees, tennis courts, 2 dog parks, and one city wants 15 harleys for the police force but they are only hiring one officer. Now this is suppose to be for building permanent jobs, however some of these jobs are seasonal so they'd only be hired part time. And the amounts they want is enormous. Much of this is not for roads, bridges, highways etc. as promised with permanent workers. On top of that, the bill is now rising to a trillion dollar mark and rising. These cities are asking for luxury items not needs. We need to keep a closer eye on this and not pass it so fast. We are already feeling the effects of this because the rates of fixed rates of interest has risen too. You watch even before the money is paid out we have started borrowing 67 billion from other countries and they have begun to raise their interest rates. Take care Lost
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