OK, this is new to me. I am going to write straight from my slightly warped grey matter and not look up any references (I am starting to believe that I have the constitution memorized). Really, I am going to use whatever logic I have here.
The bailout. It really sucks. We the people were totally hosed. BUT, is it the fault of the folks at AIG that we gave them money with no strings attached? The Senior execs at AIG were contractually obligated to pay bonuses to their juniors. Where I come from, the execs made sure that bonuses were part of performance (props to AVI), but if the bonus program at AIG stipulated otherwise, and the Government didn't make any additional rules during the bailout, SHAME on the government. Those people get their bonus.
Stop and think about it. If you had a contract with your employer, would you let them default? If it were worth hundreds of thousands of dollars, in today's economy, would you let your employer off the hook. Hell no! You're a liar if you answered otherwise. Really in your heart, you know you are! being the Capitalist pig that I know I am, I would want my dough.
This, my friends and enemies is why I say that we should have let the financial institutions that practiced risky (horridly irresponsible) lending and purchasing procedures fail. There were many mid-sized and nearly large institutions that were waiting in the wings to take their place. How many times have we heard in our career the cliche that nobody is irreplaceable (is that a word, or did HR make it up?).
The bottom line of this rant is this: Right is right. Wrong is wrong. We (against or will) gave it to them. The employee expected, and the employer was obligated. The right thing was done. At the end of the day each and every Bush supporter was wrong because TARP was his. Now, each and every Chairman Obamanation supporter is wrong because you want to take it back.
As a society, we need to measure right and wrong as opposed to what is popular. I keep telling everyone to go to http://www.the912project.com/ . The reason for this is because we need some common sense. the Principles are as follows:
1. America Is Good.
2. I believe in God and He is the Center of my Life.
God “The propitious smiles of Heaven can never be expected on a nation that disregards the external rules of order and right which Heaven itself has ordained.” from George Washington’s first Inaugural address.
3. I must always try to be a more honest person than I was yesterday.
Honesty “I hope that I shall always possess firmness and virtue enough to maintain what I consider to be the most enviable of all titles, the character of an honest man.” George Washington
4. The family is sacred. My spouse and I are the ultimate authority, not the government.
Marriage/Family “It is in the love of one’s family only that heartfelt happiness is known. By a law of our nature, we cannot be happy without the endearing connections of a family.” Thomas Jefferson
5. If you break the law you pay the penalty. Justice is blind and no one is above it.
Justice “I deem one of the essential principles of our government… equal and exact justice to all men of whatever state or persuasion, religious or political.” Thomas Jefferson
6. I have a right to life, liberty and pursuit of happiness, but there is no guarantee of equal results.
Life, Liberty, & The Pursuit of Happiness “Everyone has a natural right to choose that vocation in life which he thinks most likely to give him comfortable subsistence.” Thomas Jefferson
7. I work hard for what I have and I will share it with who I want to. Government cannot force me to be charitable.
Charity “It is not everyone who asketh that deserveth charity; all however, are worth of the inquiry or the deserving may suffer.” George Washington
8. It is not un-American for me to disagree with authority or to share my personal opinion.
On your right to disagree “In a free and republican government, you cannot restrain the voice of the multitude; every man will speak as he thinks, or more properly without thinking.” George Washington
9. The government works for me. I do not answer to them, they answer to me.
Who works for whom? “I consider the people who constitute a society or a nation as the source of all authority in that nation.” Thomas Jefferson
The 12 Values are:
Can you Disagree with that?
until next time, I apologize for being so wordy, and keep your powder dry and your eyes open!
June 23 in U.S. military history
3 days ago