Shlrm.org Blag

It seems the Obama Administration has come up with a great idea. Lets artificially set limits on the amount of compensation that financial workers can make. That’s going to give them a great deal of motivation to work hard and do a good job. This isn’t going to fix anything at all. In fact, it’s more likely to produce corrupt individuals.

A truly free market will appropriately set salaries for people. The shareholders and the board of directors will pay the people what they belive they’re worth. The people working for these companies will believe they’re getting paid well for the work they do. Failures such as the one that has occured recently are a wake up call for the industry. They realize that they’ve been paying people too much, and agreeing to contract terms that result in CEOs leaving with a huge bonus regardless of failure, or success, of the company.  That will be remedied, but not by artificially setting limits on compensation. Artificially set limits will only drive people away from the industry, or encourage them to find “creative” ways to make enough money. Some of those “creative” ways may have questionable legality.

This is another example of the government meddling in things they shouldn’t touch at all. They should only deal with enforcing private contracts. They should be ensuring that the contract that the company and the CEO is held up. Even if that means the company hurts badly, potentially failing. It will serve as an example to not form contracts this way anymore. It will cause pain to the shareholders that have agreed to the terms of the contract.

It will force the appropriate people to be responsible for their actions. Something that is severly lacking in the United States of America these days…

It’s been a while since I posted something.

I recently read an opinion article from the Wall Street Journal written by Stuart Varny, who is apparently a host on the Fox Business Channel. The article was linked off of Drudge Report, which seems to have a fairly unbiased selection of news. Now I’m not usually one to take anything, without a grain of salt, that comes from the Fox “News” network, but this opinion does hit rather close to home. Unfortunately, it solely targets the “Left.” That is insufficient. The “Right” was doing the exact same thing only months ago. Fox news wasn’t complaining about it then, or perhaps they didn’t want to complain, since it was “thier” side that was doing it.

Regardless of Fox’s reasoning, truth is still true. The government likely does want to maintain control over these banks. It will make it easier for them to enact whatever plan they want.

I can’t remember the movie from which this quote is from:

“You remember the golden rule; He who controls the gold, makes the rules.”

(I think it was some disney movie, because I remember a creepy looking cartoon guy with a nasty grin…)

http://www.cnn.com/2008/US/01/11/real.id.ap/index.html

 It starts. By 2011, we’ll all have to have a Federally issued Identification Card. If you haven’t figured it out. This is really, really bad. The majority of the yahoo’s that visit cnn.com think its a good idea! How on earth can you think that having the government track you is a good idea? Hasn’t the mistakes with the VA personal data taught you anything? The government doesn’t need to know everything. The governments job is to protect our rights. Not add additional restrictions.

By 2017 everyone in the US will be required to have a REAL ID issued to them. It’s not going to prevent any attacks. The only way it might stop immigration: People will quit wanting to be here, because they don’t want the government watching everything they do. Orwell’s 1984 was only 33 years too soon.

Ron Paul’s ideals need to live on. Even if he doesn’t make the presidency, the revolution he started must survive. Small government is the way of the republic. Need I remind you that the president’s job is to defend the constitution against all enemies, foreign and domestic. This REAL ID system is a domestic enemy of the constitution. It takes away rights of the individual. In the pledge of allegiance you pledge to “the republic for which it stands.” A republic empowers and protects the individual. Democracys empower and protect the group, sacrificing the individual. We need to stay a republic. We need to stay free. We don’t need a national ID system. It won’t do anything except oppress the most free country in the world, possibly turning us into the least free.