Winston Smith of Oceania

Wall Street Breakfast: Must-Know News

If you destroy a free market you create a black market. If you have ten thousand regulations you destroy all respect for the law. -Winston Churchill

10 Highest Paid CEOs for 2008: Unbelievable

So you have Andrew Hall, a trader, in a battle to once again make $100 million a year, Steve Schwarzman of Blackstone making $702,440,573, Lloyd Blankfein making $72 million, and Steven Schonfeld, owner of a trading firm collecting $200 million. And what did they produce? Wealth for the shareholder? Not likely, most profits (or lack thereof) paid the company executives. What good did they bestow to humanity? Nothing! If anything, their net effect was negative. Whether it was creating financial instruments that contributed to this liquidity mess or trading oil contracts that they never had any interest in taking delivery for. Meanwhile, the average human saw their fuel consumption cost double. Why? Just so someone could play a high-stakes game and make more than a lottery winner in a single year. At what cost has this excess damaged humanity? What if all this effort and brain power actually went toward a noble cause? Would we as humans be better off today? Will the person that finds a cure for cancer or figures out how to land a human on Mars be paid quite as handsomely over their lifetime what these guys made in one year? Doubtful. What has humanity come to that the highest paid are those that shuffle paper?

The Escalator of Life Is Going Down (Part 2)

Why wait another minute? Stop the madness and stop it now. All rational people could bring the gov't to it's knees if they stop paying taxes. If you want Washington to listen, stop funding them.


On Mar 20 01:42 PM Howard_T wrote:

> Why wait until 2012? We can start in 2010 with the congressional
> elections. Involve yourself in your party's selection of its candidate.
> Insist on a fiscal conservative who will bring the spending spree
> to a screeching halt, make sure that failing institutions really
> fail and are not artificially propped up, remove the influence of
> politics from business, promote effective regulation, and in general
> restore some sanity to government. If the incumbent does not pass
> this test, THROW HIM (or her) OUT!!! Do not let the sideshows distract
> you from the events in the center ring. Never mind about abortion,
> gay rights, global warming (except where it affects the economy),
> and all of the other issues that politicians put forth to keep you
> from looking too closely at the real problems. Stay focused, stay
> intense, and take back our country. Do it legally now before some
> feel they have to do it with viloence.