Let Us Talk

February 10, 2009

Congressional Republicans Are Insane Whiners

The Genius Albert Einstein said, “Doing the same thing over and over again and expecting different results is insanity.”  He also said, Great spirits have always encountered violent opposition from mediocre minds.”  From these two simple quotes, it seems to me that the Republicans in Congress are insane – functional, but insane nonetheless – and mediocre in their efforts to help America.

Having watched much of the shenanigans and high drama from John McCain (R-AZ), Lindsay Graham (R-SC) and Mitch McConnell (R-KY) it seems to me that much of the Republican leadership are self-absorbed pompous old men.  When questioned by various talking heads about what specifically they dislike about the Economic Stimulus Plan they all pretty much say something similar to ‘this bill isn’t bipartisan and Republicans didn’t have any input’.   It is obvious that these simplistic sound bites are planned and the Republicans actually spent time in meetings coming up with this as a strategy.  They sound like a bunch of kids on the playground who were not picked to be on anyone’s team so they’re pissed because they feel as if they’ve been scorned.

First of all President Obama did invite them into the process from the beginning and the only suggestions the Republicans had were ‘more tax cuts for the rich’.  The Stimulus DOES include over 35% of ‘tax cuts’ for businesses but that doesn’t seem to be good enough for the Republicans.  They want tax cuts that benefit the rich — period.  They want things to remain the same so that they can continue to get perks from businesses and special interest groups. They have tried this same old method time and time again and it has failed time and time again and yet they want to do the same thing today and apparently they expect a different result — insanity.

President Obama has reached out to Republicans consistently since he was elected and many of them feel that even in the midst of an economic crisis that is affecting even people in their own constituency the best thing to do is snub President Obama’s efforts to meet with them, talk with them and reach some agreement on ideas.  I understand that it’s the Republicans’ prerogative to look small minded and sullen but it illustrates that they are more focused on getting their own way and meeting their own needs — not serving the needs of the greater American population.  With less tax cuts for the rich there will be less money to buy off Republicans and less money give them money under the table to put in their pockets.  The Republicans provide evidence that their uncooperativeness is a part of a cabaret act that they have rehearsed and have taken on the road via TV Shows by continuing to be dogmatic in their assertion that the bill is providing relief to Americans who do not pay taxes – making it seem that the bill is written solely to help welfare recipients.  That is ludicrous and deceptive.   There is nothing shameful about this bill benefiting people who are not paying taxes.  These are Americans who use to pay taxes, Americans who want to be working but have lost their jobs because of this economic crisis and are now collecting unemployment or may have already lost their unemployment benefits.  It is dishonest to imply that these millions and millions of Americans are glad to be home collecting unemployment and not pay taxes.  It is downright unkind, malicious and shameful to snicker and sneer and say that people who have worked for 10, 20, 30 and 40 years but have now lost their jobs because of the economic climate shouldn’t get some tax breaks that will help them get back on their feet.  It is absolutely nasty of the Republicans to imply such a thing!

It seems to me that if the Republicans want to be part of the team that helps to rebuild America by helping to create and implement plans that will help get Americans out of this deep dismal economic hole and create and save jobs they simply have to extend their hands and walk across the aisle.  But they are not being honorable; they choose to be self-serving, whiney, whimpering old goats!

I urge you to contact your Senators and Congresspersons from both Houses and encourage them to get together, make the necessary revisions and get this stimulus plan passed for the greater good of all Americans!

Contact Congress:       http://www.visi.com/juan/congress/

Contact Senate:           http://www.senate.gov/general/contact_information/senators_cfm.cfm

Disclaimer: It was not my intension to insult goats by putting them in the same category as congressional republicans.

 

February 4, 2009

President Obama Plans Salary Limits For Bailout Recipients

Obama Commerce Secretary  Most Divinity Schools/Seminaries do not accept Pell Grants (financial aid from the federal government available to students) because they do not want the government to tell them how to administrate their schools.  The thinking is, if you don’t want government interference in your business, then manage your business well so you don’t have to beg the government for money.

Like the rest of us, President Obama has been watching the way that  banks who received ‘exceptional assistance’ have been conducting business as usual — as if they they’re in the black with a trillion dollar profit.  There has been no apparent curbing of spending even though they borrowed billions from us the United States taxpayers.  Even while they lay off employees the executives of these banks are spending money flippantly and frivolously.

President Obama has decided that since the executives are not being responsible and seemingly cannot manage themselves he will intervene and implement a series of pay curbs including a strict new limit on executive salaries at these institutions.  Under the new rules, companies like Citigroup that received “exceptional assistance” from taxpayers may not pay any top executive more than $500,000 a year.  Any additional compensation would have to be in restricted stocks that cannot be sold until the companies pay back the money they borrowed from the government.

In addition all banks receiving help will face tougher restrictions, including requirements that shareholders have a say on compensation, and will face tougher disclosure rules on items such as aviation services, holiday parties and golden parachutes.

Institutions that are financially healthy — and receive more generally available government funds — can waive these requirements if their shareholders vote to do so, according to the plan.

“The American people understand we’ve got a big hole that we’ve got to dig ourselves out of, but they don’t like the idea that people are digging a bigger hole even as they’re being asked to fill it up,” Obama said.

Congress also was furious, with Senator Claire McCaskill, (D-Missouri) introduced legislation to cap compensation at bailed-out companies to no more than the salary of the U.S. president.

President Obama’s annual salary is $400,000.

“We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer,” an enraged McCaskill said on the floor of the Senate on Friday. “They don’t get it. These people are idiots. You can’t use taxpayer money to pay out $18 billion in bonuses.”

Yeah!  Our government is standing up for its citizens!

January 27, 2009

White House Pushes Citi to Give Up $45M Jet

Change and accountability has come to the White House.  Can I get a collective “YEAH”!

The Obama administration pushed struggling Citigroup to reverse their decision after a Treasury Department official called the company on Monday and “told them it was unacceptable to accept delivery of a new $45 million corporate jet.

The move comes as new Treasury Secretary Timothy Geithner tries to quickly bring more accountability and oversight to the much- criticized TARP program he now oversees.

Citigroup has already received some $45 billion in government bailout funds, which is why a New York Post report about the scheduled delivery of the new jet sparked outrage.

White House Press Secretary Robert Gibbs said Monday the president believes private jets aren’t “the best use of money at this point” with America facing a financial crisis.

Citibank spokesman Michael Hanretta said on Tuesday that the company has “no intent to take delivery of any new aircraft.” This came after the company initially said on Monday it could not comment on whether it was purchasing the jet, citing security reasons.

Hours later after the Obama administration contacted them Citi reversed course, issuing a statement saying it signed a contract in 2005 for a replacement aircraft as part of a plan to reduce the number of planes it owns and cut operating costs. “Refusing delivery now would result in millions of dollars in penalties”. “Citi is exploring all its options for these assets, including the potential sale or lease of the aircraft.”

The luxury jet that was to be purchased is a Dessault Falcon 7X, which seats 12. It is so exclusive that Dessault says only 21 are operating around the world, and that the price is listed at $45 million.

Blog at WordPress.com.

Design a site like this with WordPress.com
Get started