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Tag: incompetenceBy JGillman, Section Multimedia
In the third and last episode of the bankrupting America series, one of the business owners profiled seems hopeful for Detroit's future.
In certain pockets, there is limited investment which he feels represents a turning point. His optimism is clearly tempered by what leadership might or might not do however. "The more city government gets cleaned up, and gets better organized, thats going to naturally help my business. Cause it changes the perception people have of the city, through city government."
Whole Foods cannot anchor the ghost ship of Detroit by itself. The process which brought Whole foods there in the first place is legalized corruption in my view anyhow. The site on which it stands was not a contamination site as far as I know, and the abuse of brownfield remains legendary. By JGillman, Section Multimedia
Continuing Bankrupting America's series, this video touches on a couple of truths.
First, that government will, if allowed, can become the biggest obstacle to free trade, and an individual's chosen occupation by sheer incompetence. Secondly, that if something is seen as disrespected, the disrespect will be amplified by the sheeple.
(3 comments) Comments >> By JGillman, Section News
Move along.
Our own long time congressman comments during the Solyndra hearing: Rep. John Dingell (D., Mich.), midway through the hearing: "I'm still waiting to see something that makes me concerned." Your self serving nature suits your party of choice congressman. Never mind the rush through by your fearless leader's administration of the loan application. Never mind the damage it may do to the green industries, while it demonstrates the sheer folly of investing so heavily in green tech at this point. It wouldn't affect you at all sir. A hundred years of feeding off the taxpayers, and none of this should matter to you. But to the president it may matter. it should. Yet even in the face of this criminal enterprise that has the president and his cronies in the spotlight, and the utter failure that his administration is in general, it somehow seems to not bother him so much either. A new cover for the Jobs act he is touting is below the line. (4 comments, 205 words in story) Full Story By The Wizard of Laws, Section Multimedia
The news, the blogs, and the nation's water coolers are abuzz with outrage over the AIG bonus payments -- $165 million to various executives -- after AIG took about $180 billion in government bailout money.
I have mixed feelings about this. We certainly should not reward incompetence, but as someone who would like a million dollar bonus one day, I don't think we should discourage dreaming either! As is usually the case with issues of this sort, the outrage exploded before the facts were known or contemplated (not that facts make much difference in Washington). Consider:
The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.
Since the AIG contracts were signed before February 11, the limits in the stimulus don't apply.
(2 comments) Comments >> |
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