http://www.tedpibil.com/2008/09/08/obama-hedges-on-tax-funds-for-rich/ Ted Pibil reports and analyzes the latest news affecting business, politics and the community Sat, 31 Jul 2010 04:06:34 +0000 http://wordpress.org/?v=2.6 http://www.tedpibil.com/2008/09/08/obama-hedges-on-tax-funds-for-rich/#comment-43 MANNY Tue, 09 Sep 2008 16:16:21 +0000 http://www.tedpibil.com/?p=104#comment-43 Although it isn't the theme of your remarks, you did mention the Fannie Mae and Freddy Mac debacle. I really don''t know the pros and cons of "saving" these organizations, but it doesn't appear to be pure "Capitalism". I'm told that if they are left to fail, then it falls down on banks that have made loans to risky borrowers. We saved the S & L 's a number of years ago. Did it work out the way it was planned and were the Taxpayers and Producers better off? I do feel that the CEOs should not be rewarded (Severance Packages) for the lack of success of these institutions. And, I don't want to take more from those CEOs that were successful. They create jobs and provide dividends. Reward them and expect better things. No redistribution of Wealth. There is not much pride in receiving unearned wealth. Although it isn’t the theme of your remarks, you did mention the Fannie Mae and Freddy Mac debacle. I really don”t know the pros and cons of “saving” these organizations, but it doesn’t appear to be pure “Capitalism”. I’m told that if they are left to fail, then it falls down on banks that have made loans to risky borrowers. We saved the S & L ’s a number of years ago. Did it work out the way it was planned and were the Taxpayers and Producers better off? I do feel that the CEOs should not be rewarded (Severance Packages) for the lack of success of these institutions. And, I don’t want to take more from those CEOs that were successful. They create jobs and provide dividends. Reward them and expect better things. No redistribution of Wealth. There is not much pride in receiving unearned wealth.

]]> http://www.tedpibil.com/2008/09/08/obama-hedges-on-tax-funds-for-rich/#comment-42 Anna P Tue, 09 Sep 2008 04:16:19 +0000 http://www.tedpibil.com/?p=104#comment-42 Apparently they are hoping to get elected by spreading a message that those of us who are not "rich" are victims. The evil CEO's and the George W. Bush administration are to blame for our "lot in life." They are to blame for astronomical mortgages and credit card debt that we can't pay. It couldn't possibly have anything to do with Americans having a propensity to live beyond our means. Whatever happened to the American values of the Protestant work ethic and the spirit of capitalism? Obama is a great motivational speaker. He really has a gift for arousing a spirit of entitlement and discontentment. Apparently they are hoping to get elected by spreading a message that those of us who are not “rich” are victims. The evil CEO’s and the George W. Bush administration are to blame for our “lot in life.” They are to blame for astronomical mortgages and credit card debt that we can’t pay. It couldn’t possibly have anything to do with Americans having a propensity to live beyond our means. Whatever happened to the American values of the Protestant work ethic and the spirit of capitalism? Obama is a great motivational speaker. He really has a gift for arousing a spirit of entitlement and discontentment.

]]> http://www.tedpibil.com/2008/09/08/obama-hedges-on-tax-funds-for-rich/#comment-41 George Brecht Mon, 08 Sep 2008 23:56:40 +0000 http://www.tedpibil.com/?p=104#comment-41 Well said! Well said!

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