Thursday, September 18, 2008

The Lies That We Tell ....Seems Like Our Collective Nose is Growing

The Lie;

http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=302137342405551

It appears that an article in the Investors Business Daily ( a fancy name so it all should be true) portrays Obama as a commie . And,the best part is that it uses his own words. Well as it turns out the reporter input some of his words.

Here is the Snopes article that sort of explains just what the man really said;

http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=302137342405551


Part of what he says is that our country has had very strong growth in productivity. We all can get more done and we generate more goods and services than was ever thought possible. Oh my God, he then says we need to look at how the now larger Pie is sliced. ( those on the right would say that is a code word for he wants us all to go to a May Day Parade...be a commie)

My view of this is that we need to look at the slicing and those doing the slicing. Like we read about so often the CEO s of the many very large companies receive so much money. Now in the conservative handbook it says that they deserve that money because of; hard work, sheer brilliance and they need to be paid that much so they won't go to another company. Oh , and also they need to pay them for the tremendous profits they create for their company. Need I point out that this is all starting to sound very thin.

It sounds and is thin when you realize that some parts of the handbook are just in need of editing ; They get the money ( read huge bonuses) even when they lose money for the company, or even when the company goes out of business, they get the money (read millions of dollars) even when they lose their employees the jobs they had because of their giant egos ( that would be the CEO of Lehman Bros that could have sold a part of the company six months ago) There are many very honorable people managing companies in our country I do think this last eight years will be viewed as a period in which the executive compensation was greater than the executive performance.

So, if Obama is trying to point out that the party is over for our great business leaders that abuse us I am all in with him. It just may be time for a period in which the rich guys don't get it going ALL their way. Is Obama or am I a commie ? Of course not...is it time to recognise that there is another more democratic , populist way of managing the country ...absolutely.

2 comments:

benbradley said...

Hi, Wes! I think we must have passed each other somewhere on the political spectrum! I might be more conservative than you now - I'm definitely more libertarian, specifically as far as CEO compensation.

Firstly, as an editorial point, your second link isn't to Snopes, but is just a copy of the first link. I looked on Snopes and found this which appears to be the link you intended:

http://www.snopes.com/politics/obama/distribute.asp

Now to the heart of my comment, which is on CEO compensation.

The companies agreed from the start to pay these executives the amount stated, and presumably have a contract to do so. This is an agreement between two private entities, and as long as no law is broken, I don't see any problem with such a contract.

You use the word "deserve" from the "conservative handook" meaning the CEO gets compensation tied to the company's performance. If that's what the contract says, fine. But CEO's don't neccesarily work and get paid by what any political handbook says, but rather by the employment contract he/she and the employer signed. It appears they've signed contracts that state a certain amount of compensation regardless of how the company does. If that's what the company feels they have to do to get a competent CEO, then fine. It looks like many companies have been losing lately, but I can't say offhand how much is an incompetent CEO or a bad economy. Regardless, the company signed a contract and has financial obligations because of it.

I think a CEO "deserves" whatever he or she negotiated in the hiring process and whatever the employment contract says that he signed.

I don't see where it would be a good thing to break such a contract because some third party thinks the CEO "makes too much money" or "is getting more than he deserves."

Long story short, I don't think anyone should be allowed to decide how to slice up another person's or company's money.

I think "economic justice" means that everyone has the opportunity to "make it big", and not that those who do should support those who don't.

I sure hope there's still opportunity out there, because I'm working as hard as ever on making it big. :)

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