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Daily Archives: July 24, 2010

Don’t Worry Charlie! The Important Thing Is Captain Kirk’s Fish Story

The AP spent some quality time chasing down the Mark Kirk (candidate for US Senator from Illinois) story about his sailing accident when he was 16 years old.  AP’s reporter smelled something fishy and spent time investigating the news stories from 34 years ago to get to the truth.  After gathering information from his mother, police reports, historical documents, the AP reporter can definitely tell us in 674 words that:

  • His mother said his body temperature was in the 80s and the local newspaper said Kirk was suffering from exposure
  • Experts doubt he could have swam in 42-degree water if his body temperature was in the 80s
  • He may or may not have watched the sun set

A heroic effort by the AP reporter.

Thank goodness there are no more important stories to follow about inappropriate behaviour of those who want to be our Senators.

No worries Charlie Rangel!  Have a nice week!  Go watch the sun set.

 
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Posted by on July 24, 2010 in Miscellaneous

 

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RightOnline – Saturday In Vegas

This morning’s activity at the RightOnline.com conference in Vegas started out with a bastion of great conservatives rallying the troops to get out and do the hard ground work necessary to take back the country from the cancer of Liberal Progressivism.

Speakers included:

  • Judge Andrew Napalitano
  • Herman Cain
  • Tim Phillips
  • Phil Kerpen
  • John Fund
  • Curtis Sliwa

The most enjoyable part of the morning was when Michelle Moore interviewed FCC Chairman (1 of 5) Robert McDowell.  He spoke during Friday night’s dinner and piqued our curiosity with ‘Net Neutrality.  He gave us some great insight into the machinations of the FCC and the power they have over about 1/6 of the economy.  Watch for the video, by me ;), at http://atraditionallifelived.com.

This afternoon, I attended the Breakouts

  • Breakout 7 – Holding their feet to the fire
    • Brad Stewart / Kelly Maher
    • Be sure to know the laws for your state when videotaping regular people
    • You can generally take video tape of any elected official at any briefing
  • Breakout 8 – Prosperity 101
    • This is a wonderful program to take back to the workplace to help employees get informed about general economics of business
    • It will help them with understanding Freedom, the Free Market, and that their Job Security comes through the Business’ Prosperity
    • Helps them become Informed, Involved, Impactful
    • I plan to take this information back to the president at Spartan Light Metal Products and suggest he (and all owners) follow this program

And that’s the end of the structured event.  Time to enjoy Vegas for another night and head back to Missouri on Sunday!

 
 

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Obama Administration Okays Big Bank Bonuses

For all of Obama’s posturing over the past 3 years that he is for the little-guy, surely he would stand up for the Main Street he so loves as big banks showered 1.6 Billion in “lavish compensation” on the top executives.  Surely he would rake back the massive benefits package to the same company chiefs he decried as the “bad actors” of the financial system meltdown.  Send in the Pay Czar (sound of Wagner’s “Ride of the Valkyries” in the background)

Time Magazine reported that on October 21st 2009 pay (and oil) czar Ken Feinberg announced “the Treasury Department will slash compensation for the 25 highest-paid executives at the seven firms that received the largest chunks of federal bailout money: Citigroup, Bank of America, AIG, General Motors, Chrysler and the financing arms of the two automakers. Salaries are expected to shrink 50% on average…”

But, alas, less than a year later, it turns out Mr. Feinberg’s big words have no more power than a United Nations Resolution — certainly no force of law, and he will not demand the return of the big bank bonuses since they are not “contrary to the public interest”.

“He said such a fight could have exposed banks to lawsuits from shareholders trying to recapture the executives’ money. Feinberg said his public shaming of the 17 banks was sufficient.”  Well, we certainly want to protect these banks… …and our good friends and donors.

Bottom line is there should be no Ken Feinberg, no bank czar, no TARP, no bank bailout, and no government involvement in the pay packages of any company in the U.S. — large or small.  Government’s involvement is to make sure the playing field is fair, and then let the players play.  If one does better than the others, then so be it.  Then, consumers, based on transparency, can decide whether they want to invest in the bank or use the services of the bank.  If I see a bank that doesn’t pay its executives huge bonuses, maybe I’ll decide to invest there.  Then, guess what, the free market will cause the other banks to lower their executive bonuses.

Once again government tries to repeal the law of supply and demand when the market would allow that game to be won by the consumers!

 
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Posted by on July 24, 2010 in Capitalism, Obama, Reform

 

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