“A Gross Betrayal and Abuse of Our Trust”

My Flag Flies Everyday

My Flag Flies Everyday

I just read a post on the  conservative BLOG Backyard Fence. It reveals a plan for re-taking our republic. So many of the concerns registered by this blogger are my own.  I wish his words were mine.  I promised him that I would link his site and post his plan on GrumpaJoesPlace.  Here is the opening.  Click the link to Backyard Fence to get the entire piece.

“CONSERVATIVE ACTION PLAN

In order to Restore our Republic, We the People of the United States of America hereby declare and affirm that we will engage upon an Emergency Action Plan to ensure the bail outs and excessive spending are all rescinded.

After that has been achieved, we will then embark on a longer term program to fully Restore our Representative Republic.

EMERGENCY ACTION PLAN

The singular observation we made early this year, after calls and letters to the government were between 50 and 100 to 1 against the TARP program and all subsequent spending, was that our government no longer represents us. Indeed, our government has begun harvesting us and our resources against our will and in direct opposition to our best interests. This is a gross betrayal and abuse of our trust and shall not stand.
Emergency Demands:

1. Repeal the Stimulus Package.
2. Repeal the Omnibus Spending Bill
3. Recall the Budget, eliminate all unnecesary spending and pork and re-submit for a vote

…”

Conservative Action Plan / Request for Comment

 It’s a good read. If we can see it and believe it, we can achieve it.

You Will Suffer Long and Hard

My Flag Flies Everyday

My Flag Flies Everyday

The Sunday May 24 edition of the Chicago Tribune ran an article titled, “Adding Up What CEOs Made.”  The piece includes a list of the 100 top companies in Chicago and Northern Indiana, and the total compensation package the CEOs receive. Even though the title says “Adding Up…” it doesn’t really add it up. They only list 100 salaries, but I went to the trouble to input them into a spreadsheet to get the sum. I was curious to see what the flap is about the outrageous salaries being used to demonize Capitalism. The media has been busy barraging us with huge bonuses and salaries being paid. They bark the  need for regulation. This is truly the output of a socialist mindset.

I was surprised by the total of the top 100 salaries,  by the rate at which the salaries drop. Granted there isn’t a poor guy on the list, and the money they make in a year is more than most of us will earn in a lifetime. These CEOs lead companies that are producing and selling billions of dollars in products and services. Why is there such a penis envy of these leaders for their compensation? Are we envious? Do we want to lead the same life style they do? Do we want to work 24/7  to the detriment of our families? Why do we resent high salaries? The left leaning individual resents it because he truly believes the CEO and the company has made that salary off the sweat of his brow. Most employees will work forty hours per week at some incremental position stocking shelves or answering phones, or taking orders, but they are paid commensurate with the requirements of the position. What that employee doesn’t seem to understand is that his job is a commodity. There is a supply and demand for workers. The salary he is paid  is competitive with other companies who need the same level of skill.

The liberal also argues that the wealth paid to  CEO’s must be redistributed to those who are less fortunate. This is the reason for my article today. If we were to take all the money paid to the top CEOs in the country what magnitude of social spending would it  pay for?

Here are some facts and assumptions:

1.) The accumulative  salary paid to the CEOs of the top 100 companies in Illinois, as stated in the Tribune article, is  $559,940,329.00. This is a little more than a half billion dollars.

2.) Assume that every state in the union has a list of 100 top companies whose CEOs are paid the same. For the sake of simplicity let me use round numbers (50 x $600,000,000) = 30 billion dollars.

3.) Assume that I am too low and I am off by a factor of 10, the number becomes $300 billion dollars.

Wow! that is a lot of money, but wait, the TARP cost over two times that much, the stimulus package cost over three times that much,  and the proposed Federal Budget will cost over five times that much.

Here is my argument. We have just taken away all the money made by the top 50,000 executives in the USA and given it to the government to pay for it’s super duper programs, and we have barely paid for 11.4 % of it. Where will the remaining 88.6% come from?

Liberals don’t give up easy. They will argue that the remainder will come from taxing the companies that these CEOs lead. Okay, how many of these CEOs will work their ass off for $1.00? Even a liberal would have to agree that a salary of $1.00 per year would make life hard. Most likely, none of them would. They will quit, or let the company be run by the worker bees who believe it is by the sweat of their balls that the big money is made. (It will be interesting to see if the UAW can run Chrysler and compete in the world market.)

Actually, what will happen, is that none of the above will play out. The CEOs will continue to work for big money because that is the market value of their skills, and the Government will tax the living hell out of everyone to make up the money needed to implement thier utopian schemes. In the end, they will destroy the greatest country on earth and the deny the liberty of each and every one of us.

All of you youngsters out there who voted for “Change We Can Believe In,” have fun. I am near the end of my life cycle, and will not live to see too much grief.  You are going to suffer long and hard for your decision to take the country into this devastating direction.

Role Reversal

I thought the crooks were supposed to be demanding money from the banks.

Cartoon: Take the Cash

One Hundred Million Dollar Bone

Throw the Dog a Bone

Oh yes, yes,  please  throw me the 29 cent bone, and I’ll gladly pay $28,571.43 at the checkout.

How stupid does POTUS think we are? Feed that line to your liberal thinking “tax the rich,”  loving supporters.

Subtrafuge

Obama's Spending ChartIn my business, I was taught to look for places to cut costs. This is a graphic world. We can process information easier if we see it graphically. POTUS has been spending money like a drunken sailor, and it’s been bothering the heck out of me. The most recent dialog on the news concerns the massively huge bonus package being given to AIG out of the bailout money from the government.   I agree, one hundred sixty five million dollars is a huge amount of money. It is so large that most people can’t process the number. Most likely because many of us accumulate much less than a million dollars over fifty years of hard work.  Those who do amass that much can retire,  as long as they also receive Social Security. The population is angry that we donate our tax dollars to save a failed company, and then reward the men who caused it to fail with bonuses twenty times larger than a typical nest egg.

What I can’t understand is why the citizens of this good country aren’t upset with the antics of our elected  representatives. The chart above shows it clearly.  All I have done is graph the costs of the federal budget, and the various bailout bills next to the cost of the AIG bonuses. The left side of the chart is graduated in trillions of dollars. I ask you this; if  this chart represented your personal expenses, and you had to trim your spending, where would you look first? Which area would produce the most benefit if it were attacked looking for savings?  Do I have to explain further?  Lee Iaccoa, chairman of the Chrysler Corp wrote that he could cut ten percent out of any budget and no one would notice. Ten percent of the first bar on the chart amounts to three hundred and fifty billion dollars. Any one with a brain could trim that bar deeper than ten percent. If you have a job in manufacturing in the USA you are faced with making cuts of that nature everyday. There are many qualified people who could see where to make cuts. Most of these people are managers, accountants, and engineers. Do we have people from these disciplines sitting in the Capital ?  

Why then, are these morons in the White House and the Capital steering all the news toward the AIG bonuses. Do they think we are as stupid as they are? Do they think the people of the USA are so dumb as to not see through their subtrafuge. It is clear to me they are trying to deflect the news away from massive spending they call “Change You Can Believe In.”  

Here is something to think about; after spending all those dollars shown in the chart all we will have left is “change”  in our pocket.

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