March 2009

Fair is Fair

by Bill O'Connell on March 23, 2009

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President Barack Obama is now proposing that shareholders should be allowed to vote to limit executive pay. After all they own the company, right? If that is such a good idea shouldn’t all of us vote on the pay of President Obama, Nancy Pelosi, Barney Frank, Christopher Dodd, Charlie Rangle? And I don’t just mean within their districts, the whole country should vote on each of their salaries. After all they work for us, no? It would be interesting to see how much the American people would cut their $175,000 salaries since their approval ratings are abysmal.

If we did this, then many of these incompetent bloodsuckers would leave Congress and do something else. Then maybe we could replace them with real talent, who would be well paid because they do a good job: close the budget gap, shrink the size of government, cut taxes and let the economy grow.

I think Nancy Pelosi should work for $1 per year and see how fair that is. What do you think?

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CBO – Deficit Will Be $3 Trillion Higher

by Bill O'Connell on March 20, 2009

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Obama called for bipartisanship during the campaign. Well here it is. The bipartisan Congressional Budget Office says President Obama’s budget plan is a disaster. But the bumbling, stumbling Obama administration puts their inexperience on full display. Press Secretary Gibbs dismissed the report comparing it to picking Final Four brackets six years out.

Perhaps, the President should forget Jay Leno and start reading Ronald Reagan’s writings.

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The Chinese Communists are moving in a more capitalist direction than the way President Obama is leading us.  If that doesn’t make you stop and think, I don’t know what will.  As the stock market drops like an elevator with a broken cable every time President Obama speaks, the Chinese Communists have no capital gains tax and no tax on daily stock market trades.  What is President Obama proposing?  Increasing the tax on capital gains.  Is it any wonder the stock market is shriveling along with most Americans savings?  It’s time to wake up from the Obama euphoria and start paying attention.

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