President Obama is right on one hand, but totally wrong on the other.
He – as a citizen of the United States of America – has every right to be upset at the fact that CEOs have continued to take enormous bonuses even during tough economic times. However, as President of the United States, he has no right to criticize the way these companies have spent their own money. We are talking their money, not our money here. These were not uses of TARP funds – you know “Government Money” [::snicker:: ::snicker::]
Should the past performance of spending be a hinge point for a company receiving bailout bucks? Well, if the government is gonna horn in on the private sector, then absolute it should be a point. Has it been the case for the first Bailout Bonanza Days? Nope.
[And, just for the record, I’m one of ‘those’ people who feel that government shouldn’t have a hand in the private sector at all. Capitalism is based on success, or failure, of companies. But, another rant for another time….]
And while I’m at it… before ANY politician scolds ANY private sector CEO about how monies are spent, they might want to take a look at themselves.
Matthew 7:3-5 (ESV)
3 Why do you see the speck that is in your brother’s eye, but do not notice the log that is in your own eye?
4 Or how can you say to your brother, Let me take the speck out of your eye, when there is the log in your own eye?
5 You hypocrite, first take the log out of your own eye, and then you will see clearly to take the speck out of your brother’s eye.
If you haven’t seen the money spent on this past election, open your eyes. If you haven’t seen the money spent on this past inauguration, open your eyes. Do you see any previously owned cars in the new motorcades? I don’t think so. Know of any of the Congress that turned down that last automatic pay increase? Umm..
Well, here’s your sign:
Congress members in 2008 will receive salaries of $169,300, a boost of $4,100 over the salary they have had since January 2006.
That 2.5% increase is mirrored by similar raises for associate justices of the Supreme Court, who will see their pay go from $203,000 to $208,100, and Chief Justice John Roberts, whose pay will rise to $217,400 from $212,100.
And before you think – “Oh, those poor schlocks!” remember this, there isn’t one ‘Mr. Smith’ in the bunch. These are all well bankrolled persons who are not hurting at all. Oh – and remember, they will receive a yearly income from Congress until they die – including C.O.L. increases. At least they aren’t performance based raises…
And don’t even get me started [yet] on the PORK in this last “Stimulus” bill the House of Representatives just passed.
I’m just saying…