I want to briefly address a "belief" that's gotten completely out of hand. In a Houston speech last night Obama said the following, "[W]e believe in the free market, but when a CEO makes more in 10 minutes then a worker makes in a whole year, something's wrong."
Really?
This coincides with Titus' rantings about record profits for oil companies and this overall feeling (and perhaps it has always existed in free market societies) that the "real" money being made in any corporation is being hoarded by some lone fat cat in a top hat and a monicle, sitting in some empty great hall lighting a cigar with one hundred dollar bill after another as he laughs his boisterous evil laugh like some rich, pasty Mr. Peanut.
Do you know to whom the vast majoprity of the oil companies, and by extension all publicly traded corporations, profits go to? Shareholders. Civil servants, be they police, firemen, metermaids or secretaries at the FBI have mutual funds, 401k's, and pension plans vested in oil. So do teachers, garbagemen, casino employees and the list goes on. Oil, and every other "evil" entity turning record profits out there enhance "worker's" (as Barak identifies US citizens in a chillingly Marxist way) retirement, college, and every other form of investment nest egg. There is NO SUCH THING as "too much" profit for a company, and by extension, "too much" salary for a CEO. There is only a well run company or a poorly run company, period. Profitable and operating inside the law, or not profitable &/or operating outside the law - that's it. Whether it's Hillary claiming she'll "take those (oil company) profits and reinvest them", or Obama claiming CEO's make too much, or Titus screaming about record quarterly profits, there is a word for the attempt of government control over earnings - MARXISM. This is insanity. And it fails every time it is tried..... rant over.
Wednesday, February 20, 2008
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By the way - I just saw that we have had 4,033 visitors since 8/29/07 - our inception date. That's roughly just under 700 per month. That can't be all us.
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