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Posts Tagged ‘CEO Pay’

Seeing what happened to Bear Stearns, and how the Federal Reserve stepped in to give them cash, I believe Republicans in charge of cabinets such as The Department of Treasury are scrambling to prevent what is eventually going to come to fruition. Their views/policies/skills on how to run/manage things are poor. Their time as the majority party in congress was/is a failure of enormous, embarrassingly proportions.

From corporate scandals (see Enron through Bear Stearns and CEO pay), the war in Iraq (See federal contract fraud) to Hurricane Katrina, the display of their ineptness is tremendous. The most aluring thing about this turn of events is there are no scapegoats they can blame on their performance.

Can’t blame it on welfare moms.

Can’t blame it on affirmative action

Can’t blame it on Democrat’s (though they’ll somehow try- see Newt Gingrich/Karl Rove/Bill Kristol comments in about a year or so)

Can’t blame it on the moral decay of the society

Can’t blame it on abortion supporters

Can’t blame it on middle class tax cuts

Can’t blame it on Democrat spending that causes a deficit (The Republicans have been the kings of spend)

Can’t blame it on excessive punitive damage lawsuits

Can’t blame it on black men

Can’t blame it on the boogie (I had to say that:))

And they certainly aren’t going to own up to the fact that while some of them are smart people, their deviousness/greed/flawed white supremist ideology is just plain wrong!

And their deviousness/greed/flawed white supremist ideology and actions have placed this country, MY COUNTRY, in a state of peril. the dollar is going the way of the peso. Corporations are now seeing that sending jobs overseas leaves no one in America to buy the Chevrolets and the GE appliances. People in the developing countries are not going to buy a GE flat screen TV or a Chevy Impala. They buy Toyota’s, Hondas, Mercedez, and Bmw’s .

Jim Bob in rural NC or Hunter in Denver, Co. were the only ones buying Humvee’s and Chevy’s and they can’t now because they either had to take a pay cut or were laid off. Jim Bob was a construction supervisor only to be replaced by Perdro, the underling who speaks enough English to understand the construction superintendent and also speaks Spanish, so he can also communicate with the illegal employee’s who the owner has hired as laborers.

THEY (BUSH APPOINTEES) ARE DOING WHAT THEY CAN TO PROP UP THE ECONOMY SO THAT IT’S COLLAPSE WILL HAPPEN IN THE FIRST TERM OF THE NEXT PRESIDENCY. THEY ARE ALSO DOING THIS IN IRAQ.

This gives them the potential ability to blame the next administrations first year policies on the economic collapse of the US and the IRAQ collapse.

Wrong, most of the time, loses. I don’t care how articulate one is and how good at spin they are, right is right and wrong is wrong. Ones true colors always comes out in the end.

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OK, the gloves come off. I’ve been a registered independent going on 10 years now. The reason is that sometime ago during the Clinton administration, I think during the welfare reform time frame, I saw that Clinton was being hailed as a “brotha” President by the press AND people in the black community.

Though the climate at the time was better for Blacks in America, the laws that had just been passed (Welfare Reform and NAFTA) were clearly not in favor of improving the life styles of African-Americans, but were in favor of complicating them even more. These were Clinton’s programs that he would later go on to use as examples of his success as President, so to speak.

Those who know me, know I have been one who has always thought that welfare was a tool of the institution of racism to keep blacks in a lackluster state of being. Kinda like keeping black women in a drugged state of mind, so to speak. I have always felt that the racist wing of the Democrat party always championed this. So you would have thought that I would have supported welfare reform, at the very least.

The way I saw it, after reading up on the legislation through various newspaper/magazine articles (Time, Newsweek, Business Week, etc) while working at the VA hospital during evening and overnight shifts, welfare reform seemed like it was a bill to get women off their butts and back in the work place…………into j0bs that would pay them less than what they were getting on welfare. The job training programs that were bandied about by the proponents of the reform, were clearly smoke screen fodder served to prevent making it seem as though the reform was not just tossing these women out on the streets.

I remember having a debate with the head of our union who was a fellow federal police officer, who didn’t want to consider the effects of pushing a woman off of welfare and into a job that pays them less than what they were getting on welfare and essentially disqualified them from receiving child care help because they were now back in the job market. My argument focused solely on the fact the minimum wage was too low and these women should have been able to at least survive with their children when they are booted out of the projects.

You see, when you get the job at Hardee’s as the early morning biscuit maker, you lose your spot in public housing. You have a job so now you have to get your own place. The thing is, the waiting list for Section 8 is 1 year to 3 years long, depending where you lived, so the woman was in a state of flux.

Well that’s still the case today in 2008. I’ve got a friend who’s daughter has, for whatever reason, lived in LA for the past 6 or so years. She’s had a bad turn of events recently in the job market (like a lot of people) and now she has the need for rent assistance. In March 2008, the waiting list for section 8 vouchers is 3 YEARS in LA. This father called me in a desperate state, asking if I knew of anyone in LA who could help get his daughter a voucher sooner. I did not.

Today, here in NC, the textile industry is feeling the fatal blows of free trade agreements signed into effect during the Bush Administration. These free trade agreements have over the recent years sent NC textile mill jobs to China and Indonesia. But what started the job losses in the NC textile industries was NAFTA. Thousands of NC textile mill jobs were lost to Mexico when the NC textile companies closed mills they had operated in NC for 100 years. They opened similar operations in Mexico to take advantage of low wage labor.

What people don’t know is that those same companies have now since found that infrastructure related concerns had caused manufacturing material in Mexico to become more and more expensive than they wanted it to be. So what have these companies done? They surely haven’t decided to relocate the mills back in NC or the US. They have taken advantage of the free trade agreements signed into law by Bush, closed some of the mills in Mexico, and sent the work to manufacturers in China. That’s one of the reasons why you now have such a large influx of Mexican migrants coming to the US during the Bush administration (and also because Bush essentially opened the border for them to enter freely).

(see http://www.mikeeasley.org/pages/pgs_impact/unfair_trade/imp_utjoblosses.htm and http://findarticles.com/p/articles/mi_m0KXG/is_2005_June_22/ai_n15862582/pg_2)

The bottom line is, I saw that Clinton would sell out a black person in a minute (see welfare reform) and the average Joe as well. A lot of whites lost jobs in NC to textile mill closure, but so has a lot of blacks. And their jobs were the first to be cut.

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